Head Injuries Reportedly a “Top Emerging” Insurance Claim Following Latest WWE Lawsuit

July 30, 2016

According to a new CNBC.com report, S&P Global Ratings warned on Thursday, shortly after the World Wresting Entertainment (WWE) was sued by more than 50 former wrestlers, that Sports-related brain injuries are among the biggest new area for insurance claims.

The origin of the lawsuit claim, however, appears to be the landmark settlement reached by the NFL and thousands of former players, and it paved the way for the newly emerging claims, reports S&P.

The report compares the brain related injury claims to that of asbestos claims in the U.S. and the U.K. throughout the years, and notes insurance companies still pay out around £200 million ($263 million) a year in the U.K. to people who were exposed to asbestos.

“We don’t believe that sports-related brain-injury claims will match the scale of asbestos-related claims for mesothelioma and asbestosis in either the U.S. or the U.K. However, there are noteworthy similarities between the two types of claim,” S&P analysts based in London and New York said in a report.

U.S. insurers have learned from their experience of asbestos-related claims and are increasingly drafting exclusion clauses for concussion claims and capping concussion lawsuit payouts,” S&P added.

Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.

Nick attended New York University and graduated in 2001 with a degree in Drama.

Nick first entered the internet wrestling community back in 2004 when he became the co-host of The Voice of Wrestling Radio Show. From there, Nick made the transition from radio personality to editor when he began working with WrestleZone in 2008.

Nick is a member of two Off-Broadway theatre companies, Another Urban Riff, and the Drama Desk Award winning Godlight Theatre Company. Nick has appeared in over a dozen Off-Broadway plays since he moved to New York City, and has shot several short and feature length films. In 2010, he completed principle photography on a film titled "How to Score Your Life," which also features TNA Knockout ODB.

Inspiration in his life has come from many people including his family, Woody Allen, Steven Spielberg, Jack Nicholson, The Beatles, and of course, Lassie.