chris98251
Well-known member
Sgt. Largent":1yy0ed0n said:chris98251":1yy0ed0n said:There will be some company somewhere that will insure High School athletics, WHY? because there is billions to be made by all the parents wanting their little Suzie and or Jimmy to be the next Russell Wilson or King Felix, Ronda Rousey or whomever..
That's not how insurance works.
There is no "future" monetary benefit for an insurance liability carrier for the less than 1% of the kids who are actually going to be professional athletes.
Insurance is cold hard actuarial math. Is there a formula based on the risk where we can make money?
The more health risks involved, the more being on the losing end of lawsuits for CTE and other long term football injuries over decades, and that profit margin evaporates, and that line of business is no longer viable.........and when that happens, that sport or business goes away.
Unless it's self insured, or like I posted above the NCAA and NFL assume all insurance protection under their liability umbrella for all high school youth sports........or they agree to pay the premiums for the selected school districts.
Which is what I think will happen if this story ever comes to fruition and insurance carriers bail on school districts and youth leagues.
Your not insuring for life, it's one season at a time for an injury that year. With the millions of kids that play at all levels you don't think they can make money? Call it the SR22 Filing for sports.