PCB decides to insure cricket events, series

Friday, December 5, 2008

David Borman, representative of a British insurance company, gave a briefing to the officials of the Pakistan Cricket Board (PCB) regarding insurance.

The PCB sources told that the board has decided to insure the cricket events and the series to avoid any monetary loss in case of cancellation or postponement of cricket events and series in the present circumstances.

In this regard, the PCB has contacted a British company a representative of which gave a detailed briefing to PCB chief operating officer Saleem Altaf and other officials at the National Cricket Academy here on Wednesday.

He told a procedure of insurance through which monetary loss of the board can be minimized.

Earlier, the previous management of the PCB had also insured an Australian series and had to bear a loss of about Rs 55 million on account of premium.

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