May 2019
Upcoming Events
Every Saturday morning “Insights into Insurance” radio show KATE 1450AM 8:45am
May 27 Happy Memorial Day -Office Closed
June 6 Wells Summer in the City
July 4 & 5 Happy 4th of July – Office Closed
July 15 Crop Insurance Acreage Report Deadline
Insurance Highlights
TACKLING THE LOSS OF INSURANCE We all know that insurance is important business - not too many wheels turn without it! Insurance makes dreams possible, whether it is building a home, starting a business, traveling across the country and even becoming a football star? Yes, you read that right, from the NFL to youth leagues, insurance makes football and other sports possible. But, the insurance market for football is evaporating. According to a recent Outside the Lines article on ESPN.com, "Insurers worry that concern over traumatic brain injury, like in the case of asbestos, will play out for decades, with carriers potentially on the hook for billions of dollars in legal and medical costs...Since 2005, when the first case of brain disease was reported in a former NFL player, thousands of concussion-related lawsuits have been filed in the United States, including class-action suits against the NFL, the NHL and the NCAA. Since the NFL settlement, concussion-related lawsuits involving at least 18 sports and activities have been filed in at least 29 states. They target not only professional sports but also youth leagues, school districts, athletic associations, equipment manufacturers, medical providers, coaches and athletic trainers." Insurers have responded by raising premiums and deductibles, adding exclusions or avoiding the long-tail liability all together, leaving the future of football in jeopardy.
Loss Prevention
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Insights to Insurance
