other material
confidence high
sentiment positive
materiality 0.70
Emerald secures $59.8M additional interim insurance payment; total recoveries reach $184.5M
Emerald Holding, Inc.
- Insurers agreed to pay $59.8M interim: $16.8M for 2020 claims, $43M for 2021 claims.
- Total recovered/expected: $141.5M of $167M submitted for 2020; $43M of $75M for 2021.
- Payment expected within 30 days; company continues to pursue remaining and additional claims.
- Underlying insurance coverage litigation filed Feb 2021 remains pending; all claims subject to final adjustment.