Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch July 13, 2021 Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to...
U.S. Olympics Sues Insurers Over Stalled Nassar Sex Abuse Settlement October 11, 2020 The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation February 28, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates...
Gymnast Sexual Abuse Victims Offered $215 Million Insurance Payout to Settle Claims February 4, 2020 By Will Graves USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million for sexual abuse survivors to settle...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics February 9, 2018 By Suzanne Barlyn, Carolyn Cohn and Noor Zainab Hussain If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success....
Boston Ends Bid to Host 2024 Olympics July 29, 2015 By Eddie Pells Boston’s bid to host the 2024 Olympics is over. The city and the U.S. Olympic Committee severed ties after a...
Boston Olympics Bid Committee Says Insurance Will Minimize Risk to Taxpayers July 24, 2015 By Philip Marcelo Leaders of Boston’s bid for the 2024 Summer Olympics released details Thursday about insurance proposals they say will provide unprecedented...
Boston’s Revised 2024 Olympics Bid Promises ‘Most Insured Games in History’ July 1, 2015 Boston 2024, the group trying to bring the 2024 Olympics to Boston, released the most detailed look yet at its...