PCB decides to insure cricket events, series

December 5th, 2008 - 4:35 pm ICT by ANI  

Lahore, Dec 5 (ANI): The Pakistan Cricket Board (PCB) has decided to insure all of its cricket events and the series to avoid any monetary loss in case of cancellation or postponement of events and series under the present circumstances.
For this, the PCB has reportedly contacted a British insurance company, whose representative, David Borman, told PCB chief operating officer Saleem Altaf and other officials about insurance.
Borman briefed them about the method of insurance through which the monetary loss of the board could be minimized, reports The News.
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. (ANI)

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