Madison boat race takes insurance hit from crash

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The group that organizes an Ohio River boat race and festival is seeing its insurance costs more than double after three rescue divers were hurt in a crash during last summer's race.

Madison Regatta organizers say it is taking a $15,000 financial hit in its insurance bill, contributing to an anticipated $25,000 loss for the July 6-8 event.

Regatta President Herb Parker tells The Madison Courier that is a "worst-case scenario" and that the group has enough cash reserves to cover the loss.

A speed boat hit a rescue boat and severely injured three divers during last year's race.

Parker says the Regatta's previous insurer dropped it because two of the injured divers hadn't signed insurance waivers.

Information from: The Madison Courier

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