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Article: Protecting an Olympic stake: welcomed on the world's most important athletic stage, at long last, Beijing cannot afford a misstep in hosting the biggest international event ever held on Chinese soil.(INDUSTRY RISK REPORT: OLYMPICS)
- Article from:
- Risk & Insurance
- Article date:
- July 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Summary
* The Olympic Games in Beijing next month are vulnerable to cancellation due to political unrest, natural disasters and terrorism.
* The International Olympic Committee has bought insurance coverage for the Summer Olympics, but it's not known how much of it is tied up with event-cancellation contracts, if any.
* More than 600,000 "security volunteers" including retirees, guards and students have been enlisted to help protect the games when they start.
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For the first time, the Olympic Games will be held in China, providing the country with an important opportunity to showcase ...