Insurance costs prove pricey for Madison Regatta - WDRB 41 Louisville - News, Weather, Sports Community

Insurance costs prove pricey for Madison Regatta

Posted: Updated:

LOUISVILLE, KY. (WDRB) -- The Madison Regatta kicked back into action Friday -- but problems in the past are proving to be very costly for organizers.

Insurance has more than doubled after three rescue divers were hurt when a speedboat slammed into a rescue vessel during last summer's race.  And in 2006, a car plowed into the crowd during the race, injuring eight spectators.

Organizers say insurance for the event now costs $15,000, and that could lead to a $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.

Copyright 2012 WDRB News.  All Rights Reserved.

  • Closed Captioning

  • Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.
    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.