World Cup Insurers Face Many Claims
Monday, 06 22 2015, Category: Insurance and Reinsurance, Country: World
World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said.
Russia and Qatar could be stripped of their World Cup hosting rights if evidence emerges of bribery in the bidding process, the head of the audit and compliance committee of soccer’s governing body FIFA has said.
Source: Insurance Journal