An amendment to the EU Motor Insurance Directive (MID) appears to lift the threat hanging over motorsport in Europe. In May last year, the European Commission published proposals that would require all motor vehicles, including those on private land such as race tracks, to have third-party motor insurance. The move placed all European motorsport in jeopardy, including Formula One, the specialist insurance market for EU motorsport having advised that no insurance meeting the compulsory demands would ever be available so participating in motorsport would be illegal. 'The proposals are potentially catastrophic,'' warned Motor Sport Association (MSA) chairman David Richards at the time. 'If...
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