UPDATE: The BBC understands organisers of the northwest200 are continuing to pursue every avenue to make this year's event happen
Former road racing champion Phillip McCallen says the sport must be modernised if it is to survive
However, the BBC understands the organisers of the flagship North West 200 are hoping it can still go ahead. The BBC understands the organisers of the North West 200, Northern Ireland's biggest outdoor sporting event, will continue to pursue every avenue to make this year's event happen.Public liability insurance covers injury to people and damage to property.
Talks involving insurance companies in London and international companies were ongoing, he said, and there was also the possibility of extending councils' public liability insurance.Motorcycle racing is a unique part of our sporting culture, they've been racing in this country for over 100 years. The BBC understands the company who insured bike racing in Ireland last year also insured the Isle of Man TT, where six riders died.The cost for public liability insurance is now upwards of £400,000
"The MCUI will, however, continue to pursue all options for the provision of public liability insurance, should they arise in the near future.
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