NHL players not buying insurance on personal injury claims
Players who want to buy insurance on their personal injury cases would have to pay the full cost of their claim, according to the National Association of Insurance Commissioners.
The NAAA says it’s an issue that needs to be resolved before players can purchase insurance on a policy.
The agency said it will continue to work with insurers to ensure players have a secure access to coverage and that they can access the resources they need to make informed decisions.
The NHL says it will work with players and insurance companies to improve their access to insurance.
A policy should be a financial decision that should not be made for you and should not impact the way you pay for medical care, the NAAA said.
NAAA officials also have been working with the NHL on the issue.
The league and NAAA met for a conference call Wednesday to discuss the issue and how to best address it.
They agreed that insurance companies need to be aware of the risks associated with players getting injured.
NAA President and CEO Jim Bowers said insurance companies have to be ready to take steps to protect players and they need more flexibility with the policy.
“They need to take some steps to provide for those players that have a high rate of injury,” he said.
“They need some flexibility to make sure that there are protections in place for those who have a low rate of injuries, and that there’s mechanisms to be able to get insurance in a timely manner.”
The NAA is working with insurance companies and insurance brokers to make this happen.
The association said it wants to ensure that players have access to information about the risk associated with the types of claims that they are filing.
The players association said players who want insurance coverage will have to go through a process that includes going through a professional medical provider, going to a doctor and receiving a referral to a policy broker.
Bowers and other members of the NHLPA were asked for comments on the insurance industry’s report.
The player’s association says it is working to provide a unified message with players about the need to obtain insurance and how the policy should look and function.
“It’s important that we make sure we are fully aware of our players’ needs, their medical needs, and our plans and processes in terms of policies,” Bowers told reporters.
“And we’re going to be doing that from the start.”