Hunton Insurance Recovery Blog

As conference and national tournaments approach for various sports, college athletics are entering a financially volatile stretch of the year. Individual investors and NIL collectives are preparing to make significant investments to build next year’s rosters and secure talent from transfer portals. With those investments, however, comes a substantial risk of loss. The risk of athlete injury looms larger than most. A season‑ending injury can derail not only a team’s performance, but also the financial expectations tied to an injured athlete. That uncertainty can, in turn, discourage future NIL investments. Booster insurance has emerged as a tailored solution to address this exact risk.

Hunton & Williams Insurance Recovery partner, Michael Levine, was quoted in an August 29, 2017 article appearing in Business Insurance, regarding the rapid increase in lawsuits, and insurance issues, surrounding concussions in high school and college sports.  Among other things, the article discusses a coverage lawsuit filed by Great American Assurance Company against Conference USA in federal court in Dallas, Texas.  In the lawsuit, the insurer alleges that its policy did not afford coverage for football concussion injuries because the policy included a “limited event ...