Wimbledon, British Open Had Pandemic Insurance
For each of the past 17 years, the All-England Lawn Tennis Club has paid for an insurance policy to guard against losses if Wimbledon should have to be canceled in the event of a worldwide pandemic.
That preparation will pay off this year. The insurance will result in a payment of $141 million – or nearly half the amount that the club expects to lose as a result of the cancellation of this year’s tennis tournament. Wimbledon was scheduled to run from June 29 to July 12.
Also covered by pandemic insurance: the British Open.