Race rules specify that each boat needs to carry at least 3 million dollars of liability insurance in order to compete, and it seems that six of the competitors are under-insured. An insurance premium of $17,000 for the coverage has these competitors scrambling to raise last-minute funds before the start of the race on Sept. 15. Raising money to outfit the boats is a tough task under the best of circumstances. The burden of paying a hefty insurance premium this late in the game makes matters even worse when some of the boats could be using the money for outfitting and spare equipment. In the 20 years that the race has been sailed there has never been a liability claim.