Motor Racing
Prize indemnity is also used in motor sport to help offset the high costs of running a team. The highest recorded payout for such a policy was $250,000 during the 1992 Interserie.
Read more about this topic: Prize Indemnity Insurance
Famous quotes containing the words motor and/or racing:
“We disparage reason.
But all the time it’s what we’re most concerned with.
There’s will as motor and there’s will as brakes.
Reason is, I suppose, the steering gear.”
—Robert Frost (1874–1963)
“Upscale people are fixated with food simply because they are now able to eat so much of it without getting fat, and the reason they don’t get fat is that they maintain a profligate level of calorie expenditure. The very same people whose evenings begin with melted goat’s cheese ... get up at dawn to run, break for a mid-morning aerobics class, and watch the evening news while racing on a stationary bicycle.”
—Barbara Ehrenreich (b. 1941)