Horseracers Want Their Own Insurance Co

Officials in the horse racing industry, apparently enamored with the success of the California Thoroughbred Racing industry, are now exploring the possibility of an industry-owned insurance company to deal with out of control workers' compensation premiums. One major obstacle they have identified, however, is unwillingness by industry participants to report accurate financial information. According to the publication Blood-Horse, an all-day meeting yesterday in Tucson, AZ between industry officials and insurance experts was held to devise a strategy to handle insurance issues, with an emphasis...