Menu

NYC Marathon Now An Insurance Battle

  • By Duncan Larkin
  • Published Dec. 5, 2012
  • Updated Dec. 5, 2012 at 8:26 AM UTC
New York Road Runners CEO Mary Wittenberg is leading efforts to settle on insurance claims following the cancelled marathon. Photo: PhotoRun.net

The New York Road Runners are trying to work out a settlement with their insurer.

The  repercussions from the cancellation of this year’s New York City Marathon are far from over.

According to a report in the Wall Street Journal, the New York Road Runners are fighting an ongoing battle with insurers over just how much money it can get back due to the cancellation.

The race was not held due to the effects of Hurricane Sandy.

The Road Runner’s insurer is Lloyd’s.

New York superintendant for financial services, Benjamin Lawsky, is stepping in to try and mediate a settlement. Thus far, the New York Road Runners have kept quiet about the talks, but Lloyd’s spokesman Peter Fitch did issue this statement: “The Lloyd’s market always seeks to settle valid claims as quickly as possible.”

“There could have been no worse time to cancel the race,” Road Runners CEO Mary Wittenberg said in an interview last week. “The people were all here and all the money was spent, except for some police fees and the prize money.”

For More: Wall Street Journal

FILED UNDER: News TAGS: / /

Duncan Larkin

Duncan Larkin

Duncan Larkin is the news editor at Competitor.com and a freelance journalist who’s been covering the sport of running for over five years. He’s run 2:32 in the marathon and won the Himalayan 100-Mile Stage Race in 2007. His first running book, RUN SIMPLE, was released last July.

Get our best running content delivered to your inbox

Subscribe to the FREE Competitor Running weekly newsletter