NI races off and it's not looking any better in the Republic.
https://www.irishnews.com/news/nort...ireland_over_soaring_insurance_costs-3051083/
https://www.irishnews.com/news/nort...ireland_over_soaring_insurance_costs-3051083/
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SOARING insurance costs have been blamed for a decision to cancel all motorcycle road racing in Northern Ireland this year.
The drastic decision was taken following an emergency meetings of the main clubs who faced paying three times as much for public liability insurance in 2023,
I would be interested to know what urged a 300% insurance fee.
Is there 3 times as much damage in comparison to other years ?
I would be interested to know what urged a 300% insurance fee.
Is there 3 times as much damage in comparison to other years ?
Not sure I follow - do you mean if the Queen croaked it just before an event was due to take place?I did hear Keith Huewen talk about how promoters had to keep event insurance in case the queen died.
Seems like it - a lot of places went into suspended animation for a fortnight and it certainly wasn't met with universal approval.Did the whole country shut down for 10 days?
Use to be, even when I'd paid into a venue, there would be a sign...
"Motor Sport is Dangerous.
You pass this point and view this activity at your own risk."
Now, in all probability these signs carried no legal weight, but they certainly re-inforced the point.
Whenever HRH might croak, all events would be cancelled or effected. Promoters bought insurance to cover the loss of investment and profit.Not sure I follow - do you mean if the Queen croaked it just before an event was due to take place?
Seems like it - a lot of places went into suspended animation for a fortnight and it certainly wasn't met with universal approval.
Otoh, several UK riders found the roads were fairly empty on many of those days, much to their enjoyment.
Same thing happened with the Diana funeral.
Yeah, I was wondering what happened.
It would appear this insurance is for "everybody else", not the riders, if I'm understanding the terms correctly.
Perhaps there were a couple of large lawsuits filed by spectators, or a new kind of lawsuit risk. Or perhaps one insurer went under, or is trying to keep from going under. Or an insurer left, etc.
There's something at the bottom of this, but the article doesn't mention it.