Horse Racing Group Announces Increase in Comp Costs

The California Thoroughbred Business League is raising workers’ compensation fees for 2017. The league, which oversees the funds used to provide workers’ compensation coverage for various racing associations, said the cost of coverage for thoroughbreds is increasing 3.64% to $13.8 million in 2017. “Working with the Finish Line Self-Insurance Group, which has handled workers’ compensation for the thoroughbred horsemen for the past six years, the CTBL has been dealing with the issue of steadily increasing statewide workers’ compensation rates,” the league sa...