Could This Accident Put the Future of MLF In Jeopardy?

[PT180]

Waivers don’t mean crap when you have 3 deaths. I doubt MLF has more than $5 to $10 mil limits max. This will go way way beyond that. Unfortunately all the deep pockets will be at risk (Boyd, other sponsors, etc). Just wait, this one will be brutal and most likely the end of MLF unfortunately.

I can’t believe they don’t have more umbrella than that, I have personally 5 mil. plus 1 mil. They would be way underinsured based on their liability exposure.

[geodebasser]

I can’t believe they don’t have more umbrella than that, I have personally 5 mil. plus 1 mil. They would be way underinsured based on their liability exposure.

There is a school of thought by some that if you have too high a limits on an Umbrella that you are giving plaintiff attorneys even more incentive to go after you. A reasonable limit is enough to protect most of your assets but you generally don’t need to go above that.