Pandemic Insurance

This is the second such instance I have seen of a sports event having the foresight to carry Pandemic insurance. Wimbledon Tennis tournament is the other one.

Wonder if carrying Pandemic insurance will become commonplace soon.

Probably was relatively cheep before this came down, probably a lot more expensive today!

You are probably right.

I know Wimbledon paid $1m per year for 17 years and this year got paid $141m for cancelling the tournament.

Those kind of numbers will raise the price. But if every major sporting event worldwide buys it, may make the price reasonable,

After what has happened on a global scale, event cancellation coverage caused by a pandemic won’t be available in the future unless the given country of the insured has a government backstop, much like terrorism coverage today in the US.

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Pandemic insurance rates just went up.

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