Daytona International Speedway parent company International Speedway Corporation has paid a $1.1 million deductible in insurance costs related to the treatment of injuries for more than 30 fans hurt by debris Feb 23.
On the final lap of the Nationwide Series race, the car driven by Kyle Larson got airborne and hit the catch fence in the area that can be unattached to allow fans and officials to go to and from the stands before and after a race. Fourteen people were admitted to the hospital following the accident.
All have been released, ISC President John Saunders told financial analysts Thursday. In discussing its financial results for the first quarter of 2013 (December-February), ISC chief financial officer Dan Houser said the company had paid $1.1 million for the insurance deductible because of the Larson accident.
The actual amounts expected to be paid out by insurance were not disclosed. According to the standard NASCAR sanctioning agreement filed by Dover International Speedway with the U.S. Securities and Exchange Commission, tracks are required to carry $50 million in insurance to cover costs of injuries and lawsuits arising from NASCAR races. (Sporting News)
