Madison Regatta insurance costs double - WDRB 41 Louisville News

Madison Regatta insurance costs double

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LOUISVILLE, KY. (WDRB) -- Insurance costs have more than doubled for the group that organizes the Madison Regatta.  That's after three rescue divers were hurt when a speedboat struck a rescue vessel during last summer's race.

Organizers say the event is taking a $15,000 hit in its insurance bill, and that could lead to a possible $25,000 loss.

The group's president calls the projection a worst-case scenario, but says there's enough money in the reserves to cover the loss.

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