Cleveland buys convention insurance
Cleveland plans to spend $9.5 million to buy $50 million in insurance to cover it against claims for incidents during the upcoming Republican National Convention. Cleveland’s Board of Control on Wednesday approved buying various policies through a broker that recommended the city increase its planned coverage. The board in March approved spending $1.5 million for $10 million in coverage. City Finance Director Sharon Dumas said the threat of terrorism and volatility during the Republican primary campaign caused broker AON Risk Services to issue a higher risk assessment. She said AON polled 40 insurance companies before recommending the increased coverage.
From Herald news services