Nusbaum Insurance is proud to provide Rain Insurance to Norfolk Tides for 20 years.


Joe Gregory spends a good portion of his day this time of year glued to the weather forecast.

As general manager of the Norfolk Tides, it’s part of his job – and never moreso than when the Baltimore Orioles are scheduled to be in town for a game.

When the O’s arrive this afternoon to face Norfolk in an exhibition game at Harbor Park, though, Gregory will have a little-known Plan B in his weather arsenal.

Each year that the Tides’ major-league parent visits, the team purchases a rain policy from a local insurance company. It costs about 7½ percent of the desired value of the policy, and it pays out if it rains at least two-tenths of an inch during a four-hour window around gametime.

Gregory wouldn’t say what the policy is worth, but if it was valued at $100,000, for example, the Tides would pay $7,500 up front.

Today’s game is scheduled for 3 p.m., and the Tides are insured against rain from 1 to 5 p.m.

They hope they don’t need it, but rain has fallen on the day of the past few O’s exhibition games here.

“I don’t know if I’ve been here for one that it didn’t rain,” said Gregory, who has operated the club since 2011 and has hosted three visits by the O’s. “We already paid for the rain insurance, but I’d be happy not to have to collect on it.”

The insurance guards against the loss of ticket sales, concessions and other revenue that would come with a rainout or a much-reduced crowd scared away by the weather.

The protection has provided a bit of a windfall for the team lately. Even though the past two exhibitions went on as scheduled, enough rain fell in the set time window that the Tides collected on the policy anyway.

Source: The Virginian-Pilot By David Hall [3/25/18]