World Cup could carry $1.3 billion in cancellation cover

U.K.-based insurer Beazley P.L.C. said that insurance against cancellation of the football World Cup in Russia this year could be as high as £1 billion ($1.3 billion), Irish Examiner reported. The insurance for Federation Internationale de Football Association's World Cup covers loss of television rights and sponsorship opportunities, cyber attacks and kidnap. Top stars like Argentina's Lionel Messi and Portugal's Cristiano Ronaldo could be insured for over £150 million each when they step out for their respective opening games in Russia.

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