MADISON, Ind. (AP) -- The group that organizes an Ohio River boat race and festival is seeing its insurance costs more than double after three rescue divers were hurt in a crash during last summer's race.
Madison Regatta organizers say it is taking a $15,000 financial hit in its insurance bill, contributing to an anticipated $25,000 loss for the July 6-8 event.
Regatta President Herb Parker tells The Madison Courier (http://bit.ly/MhFyE1 ) that is a "worst-case scenario" and that the group has enough cash reserves to cover the loss.
A speed boat hit a rescue boat and severely injured three divers during last year's race.
Parker says the Regatta's previous insurer dropped it because two of the injured divers hadn't signed insurance waivers.
