Comments on: NFLPA Mandatory Insurance http://www.sportsagentblog.com/2008/10/06/nflpa-mandatory-insurance/ A blog for sports agents: Discussing sports business news, Sports Law, and other interesting sports related material Sun, 08 Nov 2009 03:46:37 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Jim Padilla http://www.sportsagentblog.com/2008/10/06/nflpa-mandatory-insurance/comment-page-1/#comment-100462 Jim Padilla Fri, 31 Oct 2008 17:49:51 +0000 http://www.sportsagentblog.com/?p=2462#comment-100462 The program will eventualy meet a minimum premium requirement (most likely $1,000.00) up until a claim is filed. Whichever company (through HUB or Capital) has a claim filed and paid first, will most likely be the first to drop out of this type of insurance program due to loss ratio. I would imagine that any claim would be sizable in comparison to the number of premiums paid. The true test is when a claim is filed and how it will be handled. The program will eventualy meet a minimum premium requirement (most likely $1,000.00) up until a claim is filed. Whichever company (through HUB or Capital) has a claim filed and paid first, will most likely be the first to drop out of this type of insurance program due to loss ratio. I would imagine that any claim would be sizable in comparison to the number of premiums paid. The true test is when a claim is filed and how it will be handled.

]]> By: mwatkins http://www.sportsagentblog.com/2008/10/06/nflpa-mandatory-insurance/comment-page-1/#comment-97664 mwatkins Wed, 08 Oct 2008 20:04:01 +0000 http://www.sportsagentblog.com/?p=2462#comment-97664 The NFLPA mandatory insurance is currently offered through Capital Professional Insurance Managers, Inc. The NFLPA told me that we are supposed to use this provider and that this is the lowest premium on the market that you could find. Do other providers offer lower premiums? The NFLPA mandatory insurance is currently offered through Capital Professional Insurance Managers, Inc. The NFLPA told me that we are supposed to use this provider and that this is the lowest premium on the market that you could find. Do other providers offer lower premiums?

]]> By: D. Deloatche http://www.sportsagentblog.com/2008/10/06/nflpa-mandatory-insurance/comment-page-1/#comment-97612 D. Deloatche Wed, 08 Oct 2008 13:26:51 +0000 http://www.sportsagentblog.com/?p=2462#comment-97612 Good morning. A fellow rep and myself were just discussing the $1,750.00 annual premium. Initally, it was a $1,000.00 more when it first became mandatory (ironically through AIG), but the majority of the NFLPA certified reps sought better rates. As you can see, one was obtained and through a different provider. The lower premium was obtained because of our collective efforts as one. This collective effort needs to come into play again for next year to obtain an even lower premium. How many reps have had claims filed against them? Even those that have, they are definitely not the majority. So, let's begin this campaign now, by contacting HUB Int'l or whomever your provider may be and demand that our premiums be reduced. Every little bit helps. D. Deloatche Good morning. A fellow rep and myself were just discussing the $1,750.00 annual premium. Initally, it was a $1,000.00 more when it first became mandatory (ironically through AIG), but the majority of the NFLPA certified reps sought better rates. As you can see, one was obtained and through a different provider.

The lower premium was obtained because of our collective efforts as one. This collective effort needs to come into play again for next year to obtain an even lower premium. How many reps have had claims filed against them? Even those that have, they are definitely not the majority.

So, let’s begin this campaign now, by contacting HUB Int’l or whomever your provider may be and demand that our premiums be reduced.

Every little bit helps.

D. Deloatche

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