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When the Japan Olympics were cancelled in 2020 I read that there was actually some kind of "Olympics cancellation insurace" policy that paid out over it, potent

When the Japan Olympics were cancelled in 2020 I read that there was actually some kind of "Olympics cancellation insurace" policy that paid out over it, potentially hundreds of millions. I'll see if I can find it See here: https://www.reuters.com/article/us-olympics-insurance/insurers-face-mind-blowingly-large-loss-if-olympics-cancelled-idUSKBN29W1OL https://www.reuters.com/article/us-olympics-insurance/insure... The IOC had 800 Million insurance and overall was 2-3 Billion. It would be really interesting to understand how to price an 800 Million Olymoic insurace policy

johannes1234321 4y ago
in Germany there were quite some lefal battles around cancslling of Oktoberfest. If I didn't miss an uodate on that itnwas concluded that the 2020 Oktoberfest wasn't "cancelled" but it wasn't announced innthebfirst place, as usually the city councils votes for helding an Oktoberfest in spring while there isn't a permanent rule or similar about it. Thus insurances covering "cancelling" didn't have to pay.
- deleted 4y ago
  [deleted]
- jahnu 4y ago
  Excuse me sir, but have you been drinking?
  - zionic 4y ago
    Heh, that reminds me: Officer: Sir, how high are you? Dude: No officer, it’s high how are you
  - gerdesj 4y ago
    lefal is a perfectly cromulent word and nothing to do with f and g being quite close on a keyboard. I am personally, barely, three sheets to the wind - I've only guzzled two bottles of red!
  - lifeisstillgood 4y ago
    maybe but I regularly do that x<space>y oh no I hit xny and the auto-corrector will not split wordx and wordy. And I am pretty sure I have managed to add andnthen to my auto-correct dictionary.
  - meibo 4y ago
    He's been to Oktoberfest, obviously
  - ludamad 4y ago
    I personally thought it was the contagion of the two typos in the end of the parent comment
  - haimez 4y ago
    Reminds me of a time that me and a co-worker stayed in late on a Friday night figuring out how to make our email alerts seem convincingly human through “random” typos in alert messages by performing human like keyboard adjacent miss-presses, extra key presses (either duplicate or keyboard adjacent), and occasional whole word omissions for things like “the” or “and”- but only for alerts sent between midnight and 2am on weekends. This of course, only after dissecting and trying to characterize what kind of typos we thought were common by drunk people using QWERTY keyboards. It was a simpler time, before autocorrect errors dominated, and it was also a fun Friday night. The somewhat regular “Adam bot” in “party mode alerts were just little bit more amusing to be woken up by late at night when things were broken.
  - golergka 4y ago
    One thing that I had to learn the hard way after switching to full-time remote is to never open slack or anything work-related while drunk or under the influence of other substances. Especially if use the same messenger app both for work and for personal use. And by "personal use" I mean sharing porn with your significant other.
beambot 4y ago
"Force majeure" became one of those semi-obscure legal concepts that took front & center during the onset of the pandemic...
alberth 4y ago
I’m surprised Force Majeure didn’t provide a way for the insurance company to not have to pay this out.
- roywiggins 4y ago
  Wimbledon took out insurance against a pandemic after the SARS outbreak in 2002, so maybe the Olympics also paid to insure against pandemics specifically. https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-canceled-pandemic-insurance-141-million https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-...
- nl 4y ago
  If you are insuring against the Olympics being covered you are insuring against a lot of things that are normally covered by Force Majeure (wars, revolutions, pandemics, terrorism etc).
roywiggins 4y ago
Wimbledon too. https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-canceled-pandemic-insurance-141-million https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-... > The All England Club reportedly updated its Wimbledon insurance policy years ago to include the infectious disease clause following the worldwide SARS outbreak in 2002.

johannes1234321 4y ago

in Germany there were quite some lefal battles around cancslling of Oktoberfest. If I didn't miss an uodate on that itnwas concluded that the 2020 Oktoberfest wasn't "cancelled" but it wasn't announced innthebfirst place, as usually the city councils votes for helding an Oktoberfest in spring while there isn't a permanent rule or similar about it. Thus insurances covering "cancelling" didn't have to pay.

deleted 4y ago
[deleted]
jahnu 4y ago
Excuse me sir, but have you been drinking?
- zionic 4y ago
  Heh, that reminds me: Officer: Sir, how high are you? Dude: No officer, it’s high how are you
- gerdesj 4y ago
  lefal is a perfectly cromulent word and nothing to do with f and g being quite close on a keyboard. I am personally, barely, three sheets to the wind - I've only guzzled two bottles of red!
- lifeisstillgood 4y ago
  maybe but I regularly do that x<space>y oh no I hit xny and the auto-corrector will not split wordx and wordy. And I am pretty sure I have managed to add andnthen to my auto-correct dictionary.
- meibo 4y ago
  He's been to Oktoberfest, obviously
- ludamad 4y ago
  I personally thought it was the contagion of the two typos in the end of the parent comment
- haimez 4y ago
  Reminds me of a time that me and a co-worker stayed in late on a Friday night figuring out how to make our email alerts seem convincingly human through “random” typos in alert messages by performing human like keyboard adjacent miss-presses, extra key presses (either duplicate or keyboard adjacent), and occasional whole word omissions for things like “the” or “and”- but only for alerts sent between midnight and 2am on weekends. This of course, only after dissecting and trying to characterize what kind of typos we thought were common by drunk people using QWERTY keyboards. It was a simpler time, before autocorrect errors dominated, and it was also a fun Friday night. The somewhat regular “Adam bot” in “party mode alerts were just little bit more amusing to be woken up by late at night when things were broken.
- golergka 4y ago
  One thing that I had to learn the hard way after switching to full-time remote is to never open slack or anything work-related while drunk or under the influence of other substances. Especially if use the same messenger app both for work and for personal use. And by "personal use" I mean sharing porn with your significant other.

beambot 4y ago

"Force majeure" became one of those semi-obscure legal concepts that took front & center during the onset of the pandemic...

alberth 4y ago

I’m surprised Force Majeure didn’t provide a way for the insurance company to not have to pay this out.

roywiggins 4y ago
Wimbledon took out insurance against a pandemic after the SARS outbreak in 2002, so maybe the Olympics also paid to insure against pandemics specifically. https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-canceled-pandemic-insurance-141-million https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-...
nl 4y ago
If you are insuring against the Olympics being covered you are insuring against a lot of things that are normally covered by Force Majeure (wars, revolutions, pandemics, terrorism etc).

roywiggins 4y ago

Wimbledon too. https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-canceled-pandemic-insurance-141-million https://www.sbnation.com/tennis/2020/4/8/21214031/wimbledon-... > The All England Club reportedly updated its Wimbledon insurance policy years ago to include the infectious disease clause following the worldwide SARS outbreak in 2002.