The Unexpected Threat To Super Bowl XLIX -- Bloomberg Businessweek
If you’ve already bought tickets for Super Bowl XLIX or are looking forward to watching it with your friends and family, you may be surprised to learn that there is a chance it might not be played. Congress first needs to make a decision on renewing a piece of legislation that you possibly never have heard of: TRIA—the Terrorism Risk Insurance Act.
TRIA was signed into law in 2002 in the aftermath of the 9/11 terrorist attacks, establishing a risk-sharing partnership between the federal government and the insurance industry that made terrorism insurance widely available to U.S. businesses—among them, organizers of sporting events. Without federal support, most insurers had been unwilling to offer coverage. TRIA was renewed in 2005 and in 2007. It is set to expire on Dec. 31 unless Congress renews it. With two weeks until the deadline, the clock is ticking.
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My Comment: Basically .... no insurance, no game. And because of the liability .... insurers need the federal government to protect their risk. Here is an easy prediction .... this will be solved long before game-time.
2 comments:
I reckon it will be solved, too big to cancel...
On the unlikely issue that it isn't, well, this is when you know Terrorism has won.
Terrorists better not even try to mess with my fool ball
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