Formula 1 prides itself on being an unstoppable global circus, capable of erecting temporary street circuits in a matter of weeks and moving thousands of tons of high-tech freight across continents overnight. But the sport is currently staring down an adversary it cannot out-engineer or out-pace: corporate insurance underwriters.
Behind the scenes of the paddock, a massive logistical headache is quietly unfolding. According to a report from Spanish media outlet MARCA, the sport’s highly lucrative Middle Eastern leg is facing a severe threat. The issue isn’t a lack of government funding or track readiness; rather, insurance companies are currently refusing to provide financial coverage for the teams and their personnel within that geographic area.
Read Article