Inflation Isn’t Making MLB Contracts Larger. It’s Making Them Riskier
This winter’s cavalcade of mega baseball contracts has triggered discussion of a well-worn economic theory: Inflation is behind the game’s huge contracts. The idea…
insurance
NCAA Revenue Dips to $1.14 Billion as Self-Insurance Costs Kick In
The NCAA posted revenue of $1.14 billion in fiscal 2022, a slight dip from the previous year, as the college sports governing body continues to deal with the economic…
NBA’s Kings Win in Court Over Lost Games, Bon Jovi Concert
The Sacramento Kings are off to a 2-5 start on the court this season but are faring better in court. A federal judge recently denied a motion to dismiss filed by an…
Critical Injury Insurance Gains Value Amid NIL, NCAA Changes
If NIL is the dominant college athlete acronym of the moment, CI is the coinage riding close behind. With more money in players’ pockets, and fewer restrictions on…
Lakers Score With Judge in COVID-19 Insurance Damages Lawsuit
This week saw the Los Angeles Lakers tumble to 11th place in the Western Conference, putting themselves at real risk of missing the playoffs. Amid those struggles on the…
Opinion
NCAA NIL Offers New Challenges, Opportunities for Disability Insurance
Today’s guest columnist is risk-management consultant David Brookbank. I’ve been advising college athletic departments for many years in the areas of risk management…
Big East’s Big Insurance Payday Offsets Pandemic Losses
Two years into the pandemic, the Big East received its second insurance payout—this time collecting $4.5 million for the nearly fan-less 2021 men’s basketball tournament…
NCAA Hits Record Revenue as Pandemic-Related Insurance Dries Up
The NCAA posted record revenue in fiscal 2021, as college sports’ governing body bounced back from a year gutted by the COVID-19 pandemic. The NCAA reported $1.16…
Ticketing Insurance Offers Safeguard for Fans, May Be Coming to City Near You
The sports calendar has been in flux since the omicron variant was discovered in late November. Hundreds of college sporting events (including five bowl games) were…
Minor League Clubs Strike Out Again in COVID Insurance Appeal
Last Friday, a three-judge panel on the U.S. Court of Appeals for the Ninth Circuit affirmed the dismissal of a lawsuit brought by the Chattanooga Lookouts and 18 other…
Prime
Olympics Insurance Costs to Skyrocket After Tokyo Near-Miss
Insurers dodged a multi-billion-dollar loss on the Tokyo Olympics. But the hundreds of millions of dollars they still expect to lose, along with the fact that COVID-19…
NCAA v. Alston Ruling Refuels Athlete Insurance Market
While the practical consequences of the Supreme Court’s decision in NCAA v. Alston will likely remain unsettled for months, those involved in the business of insuring…
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