Best’s Review: Explains How Insurers Go to Bat for Major League Baseball

OLDWICK, N.J.--(BUSINESS WIRE)--Learn how insurers keep Major League Baseball’s owners, teams and star players “safe” in the October issue of Best’s Review, the award-winning monthly publication of A.M. Best Co.

In the cover story, “Covering the Bases,” Senior Editor Robert O’Connor writes from London that specialty insurers like Lloyd’s have found America’s national pastime to be a lucrative niche that generates millions of dollars in yearly premiums. Coverage ranges from the teams’ huge payrolls to the risks they incur traveling during the 162-game season. And, of course, more insurance is bought each year to indemnify owners whose star attractions—pitchers and fielders—land on the disabled list due to injuries.

Insuring baseball has its hazards for the companies as well, O’Connor writes. “Starting pitchers represent a large part of a team’s payroll. They must be medically managed if they are to avoid career-threatening damage from mechanical injuries,” he states.

October’s 152-page Best’s Review also includes:

• A six-part package of stories, and eight pages of exclusive A.M. Best data, dealing with the private and commercial auto insurance market;
• How insurers have new ways for women to attain a secure retirement;
• Ways for agents and brokers to connect with Generation Y;
• What a grocery list or a hobby says about an insured’s risk profile;
• Why next month’s election could be a watershed event for the industry.

There’s also an exclusive Issues and Answers Supplement highlighting insurers’ technology, and stories and commentary from insurance and finance experts.

Best’s Review is published by A.M. Best for insurance professionals, corporate executives, agents, brokers and affiliated bankers, lawyers and educators.

To read these articles and more, subscribe to Best’s Review by visiting our Web site at www.bestreview.com , calling the A.M. Best customer service department at (908) 439-2200, ext. 5742, or e-mailing your request to customer_service@ambest.com.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.