Cape Town Invests in Extra Insurance Policy

Cape Town is expecting to take out an additional insurance policy of 300-500 million Rand ($42-67 million USD) to protect itself from any liability and damages during the 2010 World Cup.

The 2010 local organising committee and Fifa already have coverage for the event. It is reported that Fifa has taken out cover worth $640m (about R4.672bn) against the possible abandonment of the 2010 and 2014 World Cup finals, in South Africa and Brazil respectively.

Cape Town to get extra insurance for 2010
Independent Online
September 30, 2009