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Corporations insure for all sorts of things and a company as big as Adidas must certainly have operational risk insurance [0] for things like this. I remember
by prepend 3y ago
Corporations insure for all sorts of things and a company as big as Adidas must certainly have operational risk insurance [0] for things like this.
I remember many years ago, the startup I worked for was required to have insurance as part of our funding round and it covered stuff like officers freaking out in public and all sorts of odd things I didn’t think was insurable.
Corporate insurance is pretty interesting in this regard.
And no matter who is insuring, in the US it’s probably reinsured by Marsh McClellan [1], a huge reinsurance firm.
[0] https://content.naic.org/cipr-topics/operational-risk https://content.naic.org/cipr-topics/operational-risk
[1] https://en.wikipedia.org/wiki/Marsh_McLennan https://en.wikipedia.org/wiki/Marsh_McLennan