Williamstown to Old Friends

[GenuineRisk]

http://breeding.bloodhorse.com/viewstory.asp?id=42370

Can someone explain to me how he came close to being euthanized? It said the insurance company had taken possession of him- I'm assuming he was insured against infertility, and when found infertile, in order to get the policy paid out the owners relinquished him to the insurance company, who then, having no use for a horse, were going to put him down? Is that likely what happened?

(Props to the employee at the insurance company who took the time to make the call about him to Old Friends)