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In a statement, the NCAA said, "This decision is based on the evolving COVID-19 public health threat, our ability to ensure the events do not contribute to spread of the pandemic, and the impracticality of hosting such events at any time during this academic year given ongoing decisions by other entities.” (Photo: AP Photo) On March 12, the NCAA announced it is canceling March Madness, the men’s Division I basketball tournament, and other men’s and women’s basketball tournaments in divisions I, II and III, due to the novel coronavirus. In a statement, the NCAA said, “This decision is based on the evolving COVID-19 public health threat, our ability to ensure the events do not contribute to spread of the pandemic, and the impracticality of hosting such events at any time during this academic year given ongoing decisions by other entities.” (Photo: AP Photo)

A year ago, some of us were skipping work to watch our alma maters compete in the March Madness tournament. This year, we were watching stone-skipping championships, sign spinning, marble racing and virtual NASCAR races to fill that void. In light of the cancellation of the annual March Madness tournament, along with almost all other competitive sports across the nation, and the suspension of the Summer Olympics, it’s the right time to take another look at the potential insurance implications. 

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Hannah Smith

PropertyCasualty360

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