Hegarty: More info on equine insurance

[chucklestheclown]

Originally Posted by Kasept

"Thorn Song's condition met criteria in the policy that authorized NAS to make a claim payment," the company said. After making the payment, the company took possession of the horse.

At that point Dr. Herthel asked to try to treat him with his stem cell program and what did the North American Specialty have to lose?

I know insurance companies are not in the business of advocating experimental procedures, but you would think they would be if it prevented a huge payout. What do they do with the horse now?

[Kasept]

Originally Posted by chucklestheclown

I know insurance companies are not in the business of advocating experimental procedures, but you would think they would be if it prevented a huge payout. What do they do with the horse now?

They're hoping he can move forward ultimately as a regional stallion prospect.

[blackthroatedwind]

Originally Posted by Kasept

They're hoping he can move forward ultimately as a regional stallion prospect.

I'm glad he's alive....but even in a good stallion market I find it hard to believe he has any value.

[ELA]

I didn't see any problem with the claim being paid, and I am glad the horse is alive.

I do think the issue with regard to Zayat, was that the bank was claiming the insurance proceeds should have been paid to them. Apparently, that's what the agreement called for.

[chucklestheclown]

Sure.