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Paul1968UK
QUOTE
Scotland's NIG Insures Triathlon Competitors Against Monster Attack
July 5, 2005

While most of Scotland braces for the upcoming G8 summit in Edinburgh, some 100 or so triathletes have a different concern. They're scheduled to compete in a triathlon around and in Scotland's legendary Loch Ness on July 23, and they're worried about the monster, affectionately known as "Nessie," who's said to inhabit the dark waters of the Loch.

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The competitors, who come from France, South Africa, Italy and Germany, as well as the U.K., will swim two laps in Loch Ness' Urquhart Bay. They've apparently found a solution to their concerns, however. According to a report in The Scotsman, The National Insurance and Guarantee Corporation Ltd. (NIG), the insurance arm of the Royal Bank of Scotland Group, has come to the rescue by providing insurance cover of up to 1 million pounds ($1.76 million) for any athlete, who's actually bitten by the monster.

If this catches on, it could open a whole new field of "monster coverage." Cross country skiers in the U.S. and Canada could be insured against attacks by roving Sasquatch, while Himalayan mountain climbers will need similar coverage when they invade the domain of the Yeti


http://www.insurancejournal.com/news/inter...07/05/56854.htm
Paul1968UK
QUOTE
Athletes insured for Nessie swim
Triathlon competitors are to be insured for £1m in case they are injured by the Loch Ness monster.
Insurance company NIG is providing cover for more than 100 athletes taking part in the VisitScotland Adventure Triathlon on 23 July.

Competitors will have to swim two laps of Urquhart Bay, the scene of many "sightings" of Nessie.

The insurer conceded it was an "unusual risk" which many insurance companies would not consider.

Teams from the UK, France, South Africa, Italy and Germany are due to take part in the event, which is being organised by sports marketing agency Nova International and will be televised on Channel Five.

'Monster appetite'

Competitors face a 1,500m swim in Loch Ness, a 19km mountain bike race and an evening 10km run.

NIG's David Parker said: "From an insurance perspective, this is a very unusual risk and a lot of insurers wouldn't want to deal with it.

"We're providing up to £1m of cover in case any competitor sustains injuries that can be proven to be the result of an attack by the Loch Ness monster."

Nova director David Hart said: "These competitors will all be very psyched up and very driven so there's going to be a lot of noise and a lot of splashing going on - just the sort of thing that might annoy a prehistoric lake monster.

"Or even worse, it might give it an appetite."


Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/scotland/4651679.stm

Published: 2005/07/05 10:07:10 GMT

© BBC MMV



http://news.bbc.co.uk/go/pr/fr/-/1/hi/scotland/4651679.stm
walkingcarpet
Man, these guys are geniuses!

"We're providing up to £1m of cover in case any competitor sustains injuries that can be proven to be the result of an attack by the Loch Ness monster."

"Very unusual risk" my bright red rosy. Talk about your low-risk/high-yield projects--this is why I love capiltalism.

Wonder what the deductible is?
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