Wimbledon reportedly paid $2 million a year for pandemic insurance for the last 17 years

(Total: $34 Million)

For this year's cancellation as a result of the Coronavirus, Wimbledon will reportedly receive $141 million from the policy.

— Darren Rovell (@darrenrovell) April 8, 2020

So? This is how insurance works. Anyway, if they’ve paid that much, it’s not unlikely that in the previously-good times the insurance company made nearly that much in the 17 years on the money paid in, with good investments and leverage.

It’s weird when people have these oddball criticisms for how things work and have for hundreds of years. I mean that’s literally what insurance is for.