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Tensions pushed cancellation insurance up 70% for 2018 Olympics

Posted On: Jul. 8, 2019 6:26 AM CST

The International Olympic Committee said that it paid nearly $13 million for games cancellation insurance for the Winter Olympics in Pyeongchang, South Korea in 2018, up from $5 million for the previous games in Sochi, Russia, Inside The Games reported. The run-up to the Olympics in South Korea involved increasing international tension after North Korea conducted several missile tests.

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