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Personal Watercraft Insurance, U.S. Holds America’s Cup but Won’t Be Host

Friday, Jan. 2nd 2015 6:27 AM

Larry Ellison, an American software magnate and one of the world’s wealthiest men, spent hundreds of millions of dollars — only some of it on lawyers — hunting down the Cup, and then defending it in San Francisco Bay in 2013 with his syndicate Oracle Team USA. But after considering domestic options, above all San Diego, Ellison’s team announced Tuesday that it had chosen Bermuda as the site of the next Cup, in June 2017.

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