Tensions pushed cancellation insurance up 70% for 2018 Olympics

Source: Business Insurance

July 08, 2019 The International Olympic Committee said that it paid nearly $13 million for games cancellation insurance for the Winter Olympics in Pyeongchang, South Korea in 2018, up from $5 million for the previous games in Sochi, Russia, Inside The Games reported. The run-up to the Olympics in South Korea involved increasing international tension after North Korea conducted several missile tests.