U.S. Masters Swimming (USMS) was facing skyrocketing insurance costs for open water swimming events. Costs have risen so high that many members would no longer be able to compete. As a part of the changes, boats will now be required to have propeller guards.
Nadine Day, USMS President, says the increased insurance premium was mostly related to open water swims. Their insurance premium included a $135,000 charge for covering 75 sanctioned open water events at $1800 per event. Any additional open water events would be billed at $1800 per event.
In addition, several more restrictions were placed on open water events making them more costly and complicated to hold. USMS is now hiring new Open Water Compliance Coordinators to help meet those requirements.
USMS has decided to fund $800 of the per event surcharge themselves, pass $1000 on to the Local Masters Swimming Subcommittees who can then decide how much of that $1,000 to pass on to the event host.
They note that solo swims (like one person swimming across the Catalina Channel) were previously considered sanctioned events. Now they must pay the total $1800 insurance fee. Similarly, if a large event elects to host additional open water swims, that event must come up with the $1800 for each one of those swims. Read More→