Quote:
Originally Posted by Slava
Meh, I would guarantee them the $200m in 2026. Just the premium would be $158m paid today and I’ll guarantee it. I can’t see any insurer foolish enough to write that without ensuring that the premium makes sense and they can make some money. I would be incredibly interested in seeing the wording as well; surely any insurer is going to make that wording iron-clad. It’s not going to be “well we thought we’d stay on budget but didn’t, so you owe us $200m”. Although if they give that $158m today, I can even agree to that working for them!
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Cost over-run insurance is quite common. But its not easy to get. And its certainly not cheap.