Horse Racing Industry Faces Rising Comp Costs

Workers’ compensation rates for California’s horse racing industry increased 25%, effective July 1, but a 40% subsidy from the Thoroughbred Business League will result in owners only paying 16.67% more for coverage.The jockey mount insurance premium increased to $175 from $140 per mount. The thoroughbred owner association will subsidize $70 per mount, meaning owners will see a net rate increase of $105, up from $90. The California Thoroughbred Business League announced on Friday that it renewed its agreement for a statewide comp program with Finish Line Self Insurance Group. Finish...