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Personal Watercraft Insurance, Italian Team Withdraws From America’s Cup

Monday, May. 4th 2015 6:00 AM

The Italian team Luna Rossa pulled out of the 2017 America’s Cup and criticized decisions by the organizers, calling them unprecedented and illegitimate. Luna Rossa and Team New Zealand voted against reducing the size of the catamarans for the second time in less than a year. Both teams were overruled by a majority of teams, led by the two-time defending champion Oracle Team USA. Under the old procedures, America’s Cup class rules could be changed only by unanimous consent, but Oracle Team USA led an amendment to change the class rule to a majority vote.

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