The National Football League (NFL) faces a threat from Chronic Traumatic Encephalopathy (CTE) — i.e., head concussions.  We live in a hyperlegalistic society.  It's prudent for corporations to take potential liabilities into account when making major decisions.  Here, insurance is needed to transfer the risk to a larger pool.  It gives the insured peace of mind and a financial cushion if the risks turn bad.  Lack of insurance is a dagger aimed at football programs.  According to ESPN, the insurance market for liability coverage for all football programs is evaporating. The NFL no longer has general liability insurance covering head trauma, according to multiple sources; just one carrier is willing to provide workers' compensation coverage for NFL teams.  Before concussion litigation roiled the NFL beginning in 2011, at least a dozen carriers occupied the insurance market...(Read Full Post)