Hedging The Bet Of Racehorse Ownership Leads Some Owners To Purchase $100 Million Insurance Policies On Their Horses

Hedging The Bet Of Racehorse Ownership Leads Some Owners To Purchase $100 Million Insurance Policies On Their Horses

It is no secret that horse racing is an elite business, attracting some of the wealthiest families in the world into its circle of owners. Each has a significant amount of money and livelihood invested in their respective horses. It is for this reason that a handful of insurance companies have stepped in to insure the risk to owners of losing a horse.