Churchill Obtains $1 Million in Insurance for Fair Grounds Jockeys
Updated: Friday, March 11, 2005 6:22 PM
Edited press release
Posted: Friday, March 11, 2005 12:25 PM
Churchill Downs Incorporated has signed an agreement with AIG Insurance to provide $1 million in on-track insurance coverage for jockeys who compete at Fair Grounds Race Course in New
Orleans, La., according CDI's executive vice president and chief operating officer Andrew G. Skehan, who made the announcement March 11.
The increased major medical coverage, with $1 million in lifetime benefits for jockeys who ride at Fair Grounds, takes effect immediately and replaces the $100,000 in coverage Fair Grounds previously provided jockeys through an agreement with the Thoroughbred Racing Associations, a professional organization representing more than 40 North American racetracks. CDI will cover the majority of the cost for the new insurance premium and is in discussions with horse owners and jockeys about ways to pay for the remaining cost of the increased coverage.
"Churchill Downs Incorporated is pleased to offer $1 million in coverage to jockeys at Fair Grounds as part of an industry-wide effort to provide jockeys with adequate on-track medical insurance," said Skehan. "We will move quickly to secure similar coverage for jockeys competing at CDI tracks in Kentucky, Florida, Illinois, and Indiana prior to the start of our 2005 Thoroughbred racing seasons in those jurisdictions. While racetracks do not employ jockeys, they are important contributors to our live racing product, and CDI is committed to looking out for the best interests of the human athletes who choose to compete at our tracks."
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