Horsemen's representatives who have been working on national insurance issues for the horse racing industry said purchasing an insurance company doesn't appear feasible, but forming a captive might be a viable option.
Financially strapped California Thoroughbred trainers will be able to borrow money to help them make their initial workers' compensation insurance payments due on July 1 under a plan approved by state racing
Backed into a corner by workers' compensation insurance rates expected to soar to 70% of trainer payroll, Quarter Horse officials at Los Alamitos Race Course in Southern California are fighting back with a plan that will cut costs by more than half in most cases.
California racing has "definitely turned a corner" on the workers' compensation insurance crisis, the leader of the state's trainer association said, but a reduction in premiums is at least a year away.
California Thoroughbred trainers who have not switched their workers' compensation insurance coverage to private carrier American International Group can do so March 1, but the broker who helped negotiate the industry's deal with the insurance giant doesn't think there'll be much, if any, response.
The idea of an industry-owned insurance company was floated during a major meeting on issues such as workers' compensation. Meanwhile, the chairman of the Jockeys' Guild called on the industry for financial support to alleviate a "crisis."
California horsemen remain on the verge of finalizing a deal for lower workers' compensation insurance rates, but the program is unlikely to launch by the projected Nov. 15 starting date, the head of the state's trainer organization said Nov. 11.
A new workers' compensation insurance program for California racing might be implemented by Nov. 15, according to the head of the state trainers' association.
Industry representatives will gather Dec. 10 in Tucson, Ariz., to discuss a plan for a broad national health insurance program.
California racing officials were unable to come to an agreement Monday on a formal proposal for a statewide workers' compensation insurance plan, but a representative for horse owners said progress was made following an afternoon-long session at Santa Anita.
California racing officials are examining the latest workers' compensation insurance proposal submitted by a major company, one that would significantly reduce rates paid by trainers.
California racing officials are hoping for a breakthrough on their longstanding workers' compensation insurance roadblock.
A new deal for workers' compensation insurance in California may go into effect as soon as Sept. 1, but many trainers in the state remain unconvinced is the ultimate answer.
Eureka Stud in the northern Australian state of Queensland is facing a Supreme Court action seeking $23 million (Australian funds) in lost earnings by deceased stallion Brave Warrior.
California horsemen and racetracks could create a workers' compensation insurance fund with purse money diverted from marketing programs as well as their vanning and stabling program under legislation headed for the state Senate.
California racing officials have shelved plans to seek an increase in the percentage of money taken out of their betting pools to help defray increasing worker' compensation costs.
Gaines-Gentry Thoroughbreds is suing a prominent Central Kentucky insurance company for negligence, fraud, and breach of contract associated with the coverage of a Storm Cat--Beautiful Bid foal and the stallion Indian Charlie.
California racing officials pondering what to do about a building workers' compensation insurance crisis are closer to submitting legislation that would increase pari-mutuel takeout in the state.
The general manager of California's only Standardbred racing association said it's unfair for harness horsemen to be lumped into the same workers' compensation insurance category as those who race Thoroughbreds and Quarter Horses. He called the premiums "outrageous" and said the state needs to take action.
Despite a workers' compensation crisis, California trainers continued to enter horses for weekend programs in the state. But officials are concerned about the ramifications if the situation isn't resolved soon.
Given the state's mandate that trainers at racetracks must carry current workmens' compensation policies, horsemen whose policies expire March 1 were scrambling to find alternatives this week. The crisis threatens to force some trainers out of the business.
The Jockeys' Guild has entered into a contract that will restore health insurance, including major medical coverage, for its members and their families, effective Jan. 1, 2002.
Prospective foal insurance used to be about the new owner of a pregnant broodmare protecting his investment after the purchase. At this year's Keeneland November breeding stock sale, insurance coverage became an incentive to buy the mare in the first place.
A jockey was sentenced to three years' probation and ordered to pay $30,000 in restitution after California investigators found he purposely fell off his mounts to collect disability benefits.
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