The National Thoroughbred Racing Association (NTRA), Lockton Insurance Brokers and Burns & Wilcox Brokerage have combined their efforts to launch a new jockey accident program for racetracks.
According to Terry Meyocks, national manager of the Jockeys' Guild, Inc., there are several thousand thoroughbred and quarter horse jockeys in the U.S. He says the new program provides important coverage for injuries and the Guild "is very supportive of it."
"Having worked on racing risks for nearly two decades, I have seen first-hand the volatility surrounding jockey accident insurance coverage due to the risks inherent in the sport," said Jared Mitilier, leader of Lockton's Gaming, Entertainment, and Sports Practice. "We have been able to introduce new insurance capacity, along with creative terms and conditions, and favorable pricing, to a very complex area of insurance. This will make an immediate positive impact on the industry."
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