Over $4 million needed for Venice Theatre repairs after Hurricane Ian, director says - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
November 29, 2022 Property and Casualty News
Share
Share
Post
Email

Over $4 million needed for Venice Theatre repairs after Hurricane Ian, director says

NBC - 8 WFLA (Tampa, FL)

VENICE, Fla. (WFLA) — Areas hit hard by Hurricane Ian are still recovering two months after the hurricane made landfall on Florida's west coast.

The Venice Theatre was particularly hit hard by the hurricane, suffering heavy damage that is now estimated to cost millions of dollars to fix.

An email sent out by Eric Watters, director of development for the Venice Theatre, said the organization had a $4.5 million insurance policy with a 3 percent deductible, providing $4.3 million for repairs.

However, the Venice Threatre said the costs of clean-up and repairs will require all of the insurance money and more.

These costs include:

* The final cost from ServPro for cleaning and mitigation of the water damage: $1.5 million ($600,000 already paid)

* Replacing the lighting equipment: $500,000 or more

* Replacing the sound equipment: $200,000 or more

* New stage: approaching $1 million

* Costume restoration: $500,000

* Fly rails: $450,000 (30 at $15,000 a piece)

Combined with the costs to replace the back wall and the roof, the Venice Theatre estimates that it will still need another $4 million after insurance.

The organization is now asking for donations to help pay for the repairs. The Venice Theatre's Board of Directors will be matching all donations before Dec. 31 up to $500,000/

"I like to think in terms of everyone who has the means giving at least $1,000," Watters said. "It would only take 4,000 such gifts to hit our goal. And it needn't be as painful as it might at first seem. On our website you can elect to give a monthly donation for the next 12 or 14 months on your credit card. Over 14 months, a $72 amount adds up to $1,000."

You can donate by following this link or mailing it to the Venice Theatre, 140 Tampa Ave. W., Venice, FL 34285

Older

'Dreaded' FEMA rule imperils Florida rebuilding

Newer

Vermont regulators unanimously approve extension of all-payer health reform contract

Advisor News

  • SEC moves to simplify electronic delivery of investor communications
  • Nearly half of nonretirees doubt they will fully retire
  • How much could failure to fund Social Security cost average Americans?
  • How can more Americans achieve financial independence?
  • Savers vs. spenders: How money management attitudes impact financial confidence
More Advisor News

Annuity News

  • LIMRA predicts strong life and annuity sales for the rest of 2026
  • Jackson CEO Laura Prieskorn to retire at the end of 2026
  • Has your annuity been reinsured in the Cayman Islands? Here’s why it matters
  • DOL slams pension risk transfer lawsuit as ‘opportunistic’ litigation
  • AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries
More Annuity News

Health/Employee Benefits News

  • New dashboard tracks Kansas Affordable Care Act enrollment by legislative district, county
  • ICYMI – CANDIDATE COOPER NOW TRYING TO BLAME HIS HEALTH INSURANCE PALS FOR GOVERNOR COOPER'S 57% INCREASE IN HEALTHCARE COSTS IN NC
  • Business People: Edric Funk to take over as Toro Co. CEO
  • Insurers propose premium increases for ACA customers in Iowa
  • How Does New CareScout Long-Term Care Insurance Policy Compare In Cost
More Health/Employee Benefits News

Life Insurance News

  • LIMRA predicts strong life and annuity sales for the rest of 2026
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on Vietnam’s Non-Life Insurance Segment
  • AM Best Comments on Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries Following Announced Transaction with Medical Mutual of Ohio
  • AM Best Affirms Credit Ratings of Hanwha General Insurance Company Limited
  • Globe Life boosts Q2 earnings, eyes AI shift for long-term growth
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet