The National Football League has settled with six insurance companies that had sued it over expenses stemming from the league’s $1 billion concussion settlement.
That’s six down, but SportsBusiness Daily’s Daniel Kaplan noted that dozens of insurers are still pursuing legal action against the NFL.
While further settlements could be costly, the NFL has a “strong incentive” to settle with insurance companies, according to The Bleacher Report. Should the NFL go to trial, it would have to divulge information about what it knew – and how long it knew it – about players’ concussion risks.
“The last thing the league wants is for media, fans, and potentially meddling politicians to see memos, documents and transcripts demonstrating (possible) the lengths to which the league went to fend off a potential existential threat before 2009, when the league had no choice but to deal with the problem,” Mike Florio wrote for Pro Football Talk.
About 30 insurance companies were looking into legal action against the NFL over payment of the concussion settlement, according to The Bleacher Report. Insurers aid that the league didn’t properly inform players on the long-term consequences of concussions – or even helped to cover them up.
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