Saving You Money For Life

An unusual mix of last century’s British Empire and this century’s practice of terrorism-as-politics has arisen in a lawsuit filed against an event liability insurance company. Sri Lanka’s cricket governing body is suing a private insurance company in a bid to recover nearly 12 million dollars lost when an important match to be played in the country was abruptly cancelled.

The triangular one-day series involving the hosts, South Africa and India between August 14 and 29 was scrapped after one team raised security concerns on the conflict-torn island. Actually one team – the South Africans – fled the country after a mine blew up the Pakistani Ambassador’s car and killed four of his guards. The blast was blamed on the Tamil rebels. The blast went off close to the South African team hotel and damaged 10 vehicles.

Sri Lanka Cricket had obtained a Sports Cancellation and Abandonment Policy from the local Ceylinco Insurance Company. “We have filed action as the company refused to pay the claim giving various excuses,” a Sri Lanka Cricket official said.

“The claim remains unsettled despite our action to cover terrorism in the insurance policy.” The complaint seeks to recover losses of 11.9 million dollars due to the cancellation of the tournament.

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