Insurance

Wednesday, December 19, 2012

Organizers of the New York marathon cancelled because of hurricane "Sendi", carry on negotiations with Lloyd's concerning insurance payments


The association of runners of New York – the noncommercial society which is engaged in the organization of an annual New York marathon – can receive from the insurance companies millions dollars because of action cancellation in 2012.


As transfers a portal insurancejournal.com, the Association carries on negotiations with insurers – Lloyd's and its syndicates – concerning reception of insurance payment as the marathon appointed for November, 4th, has been excellent because of hurricane "Sendi".



Discussion by times passes hardly. Recently Benjamin Louski was connected to it (Benjamin Lawsky), the head of financial service of the State of New York who tries to promote continuation of negotiations, informs The Wall Street Journal.

The portal source in Lloyd's also has told Insurance Journal that underwriters the companies recognized obligations under the claim and are engaged in its settlement. The source, wished to remain the unknown person, has informed that large insurance payment for association of runners recently has been authorized.

The annual gain of association from carrying out of the New York marathon makes more than $20 million Group annually receives about $250 of payments from each marathoner which quantity makes These payments about 47 thousand aren't subject to return in case of running cancellation. The association can offer the participants registered on a marathon in this year, participation in a marathon of next year or a semimarathon which should take place in March.

No comments:

Post a Comment