Which (if any) 3-yr-olds will run next year?

[Cannon Shell]

Originally Posted by GenuineRisk

And yes, I agree they risk a stallion's "value" dropping after a bad year, but I think that's part of the problem- the stallions are overvalued to begin with- the insurance companies price the top ones with the idea that they'll all turn out to be AP Indy at stud. Which is ridiculous, but insurance companies are in the business of making lots of money while paying out very little, so you can't expect them to do different. The "value" is connected to breeding value, and I think we're focusing on how to keep them racing. And frankly, a lower breeding value means lower insurance rates.

Insurance companies dont put the value on the horse. The market does that. They may chose not to insure a horse past a certain level but that is just business.