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“Capacity is always a problem close to the event, and it becomes a challenge. You pay a premium for it. That said, insurance capacity is better now than it was post-9/11, especially on the issue of terrorism.”
“Potentially there could be a cancelation, but underwriters will be there with the funds and expertise and the contracts to make sure everything goes ahead.”
What’s so special about the Olympics? It’s THE special event. But for an insurance broker, it’s just a special event like any other–just on a grander scale, say some experts.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.
Honda said a Takata air bag inflator ruptured in a Civic compact car on Sept. 30 and killed a driver in California, at least the 17th Takata-related fatality in the U.S., Malaysia and India.