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The University of Illinois at Urbana-Champaign made headlines for taking out insurance in 2017 to protect against losses in Chinese student tuition due to changing political circumstances or a pandemic. But Reuters reported that while the university is exploring a possible claim for the current year, it was unable to renew the insurance coverage for tuition losses attributable to a pandemic, visa restrictions or sanctions after a bureaucratic misstep delayed the renewal. The virus began spreading just as the university was negotiating the renewal, and the university found its options for insurance coverage quickly narrowed as costs increased. Editor's note: This article has been clarified to note the university may receive a payout for tuition losses this year, according to Reuters.
