Contingency will not cover Rio Olympics blunders

Contingency policies purchased by the organisers of the Olympic
Games in Rio de Janeiro will not cover losses that are found to
have been caused by internal errors.
Such policies generally provide coverage for events outside of
the control of organisers.
However, several contingency underwriters told this publication
the nature of the cancellations and delays suffered in Rio would
not be indemnified as they would likely be deemed to have been a
result of blunders within the control of organisers