There’s so much money tied up in SXSW for the entire city that I’m sure there’s a ton of pressure to keep it on no matter what.
No insurance company is solvable against a global pandemic event.
Except Berkshire Hathaway:
https://www.reuters.com/article/us-berkshire-buffett-insuran...
If Warren Buffett himself survives, I expect to see his shareholder letter next year talking about how their losses notwithstanding, COVID-19 left Berkshire Hathaway in a stronger position relative to the rest of the insurance industry, and has improved their outlook for the future.