Outcast Athlete Insurer Addresses Industry Exit, Pans Critics
Chris Larcheveque says he is happy to no longer be selling disability insurance to athletes, describing the business as “dirty.” In a series of stories published last…
insurance
Lost LOV (Part 3): A Search for Honest Brokers in the Conflicted Biz of College Athlete Insurance
The massive contraction in the loss-of-value insurance market for college athletes has created a thriving economy for assigning blame. As Sportico has reported this…
Lost LOV (Part 2): An Insurer Takes Flak Over the College Athlete Coverage Bubble
On Dec. 31, Exceptional Risk Advisers, a New Jersey-based wholesale insurance broker, announced it had acquired the assets of a former competitor, International…
Best Of 2021
Lost LOV: A Once-Bustling Market for College-Athlete Insurance Falls on Hard Times
At a watershed moment for college athlete earning potential, the insurance industry is reducing access to a once-popular product designed to protect the future…
Sports Insurance Rates Poised to Jump in 2021 After Pandemic Losses
As teams and leagues manage the impact of lost ticket sales and reduced media payouts from COVID-19 as well as uncertainty in the year ahead, there’s another problem to…
MLB Sues for Billions as Pandemic Lawsuits Parse the Meaning of ‘Or’
Major League Baseball and its 30 franchises recently joined the list of sports organizations to sue their insurance companies over refusals to pay out policies for…
Atlanta Falcons Sue Insurers as City Loses Sports Revenue
In the latest sports industry example of a dispute over which business ought to absorb pandemic-related financial losses, the Atlanta Falcons and Atlanta United FC have…
Minor League Clubs Lose Insurance Case Claiming Government Cancelled Season
The coronavirus pandemic caused the cancellation of the 2020 minor league baseball season. But what role did the government play in “causing” the pandemic? This question…
Yankees’ Minor League Insurance Fight Sheds Light on Pandemic Claims
The cancellation of the 2020 Minor League Baseball season has sparked a legal battle over who should absorb the financial loss. A litigation in Pennsylvania illustrates…
Answering Three Key Legal Questions on College Sports in the Pandemic
The Fall 2020 semester will be unlike any other. According to data compiled by The Chronicle for Higher Education, approximately 34% of colleges have gone fully or…
COVID-19 Waivers Face Off Against Catastrophic Insurance for College Athletes
As fans, attorneys and health care professionals debate the wisdom of requiring college athletes to sign COVID-19 liability waivers, Sportico has learned that the NCAA’s…
Could Student Athlete Health Insurance Delay Return of College Sports?
As the Big Ten and Pac-12 become the latest conferences to cancel sports this fall, Sportico has learned that some schools are worried that potential insurance costs…
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