Churchill Downs Inc. has finalized agreements with AIG Insurance to provide $1 million in on-track insurance coverage for jockeys who compete at CDI racetracks located in states where jockeys are not currently covered by workers' compensation programs.The CDI-operated tracks now offering $1 million in on-track major medical coverage include Arlington Park, Calder Race Course, Churchill Downs, Ellis Park, Fair Grounds Race Course, and Hoosier Park. Jockeys competing at Hollywood Park, CDI's racetrack in the Los Angeles area, are already covered by California's workers' compensation program.The increased major medical coverage, with $1 million in lifetime benefits, replaces the $100,000 in coverage CDI racetracks 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 working with horsemen's groups in Florida, Indiana, Illinois, Kentucky, and Louisiana to set up funding mechanisms through which racehorse owners will contribute to the cost of the increased coverage. The funding mechanisms implemented may vary by state or racetrack. CDI's ability to offer $1 million in on-track coverage is contingent upon horsemen's participation."While racetracks do not employ jockeys, they are important contributors to our live racing product, and Churchill Downs Incorporated is committed to funding the lion's share of the cost for the $1 million in on-track coverage," said Andrew G. Skehan, executive vice president and chief operating officer. "This is an industry-wide issue that requires an industry-wide response, and we look to our horsemen to assist us in paying for the added cost of this increased coverage."