PB Week: The final slalom for the Olympic insurers
With the official opening of the Olympics next week, its insurer PICC Property Company (PICC) and its broker Marsh, still have many obstacles to negotiate if they are to avoid some potentially damaging claims, writes Katherine Brandon, reporter at Professional Broking.
This past week the national sports pages have been splashed with a deluge of problems cropping up as the countdown to the Olympics enters its final few days as the athletes arrive in China. All this coverage has made me wonder how PICC, the official insurance partner of the Beijing Games, is feeling right now.
So far PICC have had a comparatively easy ride. The stadiums are all completed, the police well trained and “undesirables” have been not quite so politely removed from the city. However, as
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