Insurance muddle leaves promoters scrambling
An alleged nationwide insurance scam may have left hundreds of bike races, sanctioning organizations and clubs without coverage for much of the 2002 season, and could make it difficult for mountain-bike clubs and promoters to insure events independent of USA Cycling or other large groups. On July 17, Iowa-based McKay Insurance Agency Inc. began informing its clients - among them USA Cycling Inc. and the International Mountain Bicycling Association (IMBA) - that policies McKay issued through insurance companies Harbour Entertainment and Sports and American International Group, Inc. (AIG) may