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I’m surprised Force Majeure didn’t provide a way for the insurance company to not have to pay this out.
by alberth 5y ago
I’m surprised Force Majeure didn’t provide a way for the insurance company to not have to pay this out.
- roywiggins 5y agoWimbledon 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 5y agoIf 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).