Olympics Insurance Coverage Has Over $2 Billion Hole

U.S. Olympics Insurance Has Multi-Billion Dollar Hole

Mayor Richard M. Daley and Patrick Ryan assure Chicago taxpayers that a safety net of insurance would insulate them from the financial risks of hosting the 2016 Olympics.

But the insurance policies Mr. Ryan says he'll secure would cover only about $1.1 billion of the $3.8-billion operating budget that the mayor's Olympic point man has drawn up for the games.

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