Boston Olympics Backers Say $2 Billion Insurance Plan Would Protect Taxpayers

Backers of Boston's controversial bid to host the 2024 Olympic Games on Wednesday said they would carry some $2.3 billion in insurance for event, an effort to assuage worries that city taxpayers could be left footing the bill. The Boston 2024 bid committee said it would line up a series of insurance policies that would cover the costs ranging from a terror attack, the injury of spectators or the outright cancellation of the Summer Games, if Boston's bid was approved by the International Olympic Committee. The projected cost of hosting, more than $8.6 billion including operating and construction costs, has been one of the concerns most cited in public opinion polls showing that many in and around the city oppose the bid.