Former LSU Lineman Suing Lloyd’s over $2M Insurance Policy

November 1, 2010

  • November 1, 2010 at 1:18 am
    footballsis says:
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    How does a college football player afford a $14k insurance policy?!?!

  • November 1, 2010 at 1:21 am
    ralphie says:
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    maybe it would have been better to invest the $14k in tutors to actually help him get a degree, you know, JUST IN CASE the NFL career didn’t work out???

  • November 1, 2010 at 1:27 am
    No Tolerance says:
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    Let’s see here. Paid 14K for a policy. The declarations would indicate specifically what’s covered, for how much, and for how long.
    Think maybe there ain’t no policy and some scum bag preyed on this lineman who wasn’t interested in reading the “policy”.
    Yea, where did the 14k come from?

  • November 1, 2010 at 1:47 am
    Dugan says:
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    The source of the $14,000 premium is a great question. It doesn’t seem rational that anyone would write a $2,000,000 policy on a college lineman for a knee injury before he turned pro. He had no guarantee and it’s presumptuous to think he’d have lasted even if drafted. Now he might have to work for a living. But I’m sure he has an excellent academic record with a major in physical education or some othere mundane subject.

  • November 1, 2010 at 1:59 am
    Dipper says:
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    He probably got the money from his agent. The agent made him purchase the policy to protect his investment. I know it’s a fairly common practice for college basketball players with pro potential to purchase insurance policies for catastrophic injury. However, I am not familiar if the same policies are available for football players due to the nature of the game.

  • November 1, 2010 at 2:54 am
    TAR says:
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    Let’s hope it was not an agent who paid the policy. It would be no different than Reggie Bush accepting a brand new vehicle from an agent or booster, while at USC. If an agent paid his policy then the NCAA should investigate any improprieties by the agent, LSU and any other student athlete playing football at LSU using that agent.

  • November 1, 2010 at 2:57 am
    Plaxi'doh Burress says:
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    The article says the kid was a projected 1st round draft pick before his last season started, and he was All-American the last season even though he got hurt. 1st round picks get a lot of money, so an insurance policy makes sense. His family could have gave him the money or raised it or borrowed it. Either way, it is a wise investment; if he didn’t get hurt he would pay back whoever from his contract and if he did get hurt he would get $2 million to pay it back. I think Lloyds is saying that he is suing the wrong people and he should suing a specific syndicate that provided the policy, and not Lloyds in general. Hope he gets to collect.

  • November 1, 2010 at 3:13 am
    Stephen Tallinghasternathy says:
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    This type of insurance policy is the norm for players projected as first round talent.

    There’s even an NCAA Exceptional Student-Athlete Disability Insurance program. It also offers low-interest loans to help those athletes afford the insurance premiums.

    Google the NCAA Exceptional Student-Athlete Disability Insurance program. I think it would be of interest to you insurance professionals.

  • November 1, 2010 at 3:20 am
    Juan says:
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    This has nothing to do with being a fan. This kind of risk should uninsurable. It’s less a question of “if” a lineman is going to blow out a knee than it is “when”. It’s a “probability” not a “possibility”. Great way for some dope who can’t cut it in college and doesn’t want to work to hit the lottery. If he makes it to the draft….he wins; if not, he wins. And to make it more beautiful he won’t pay tax on an award or policy payment. Ain’t America great?

  • November 1, 2010 at 3:26 am
    SWFL Agent says:
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    Should be uninsurable? It’s very common in atheletics and other forms of entertainment. Don’t know if he was a “dope” or not but I do think if he’s projected to be drafted it’s a good investment. Lloyds or any other market wouldn’t provide coverage if it wasn’t profitable for them either.



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