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Celebs can blame Bill Cosby for blacklist by Insurance Companies

Realistically, many celebs and athletes choose to take out an umbrella insurance policy to protect themselves from lawsuits, normally around $20 to $30 million each. However, celebs and athletes alike can now thank Bill Cosby for making such policies damn near impossible to obtain simply due to his recent high-profile string of accusations and law suits.

We are told that in recent years, insurance companies have been reluctant to write umbrella policies for high-profile people, especially athletes. Sources close to the industry say this is primarily caused by the simple fact that high-profile people have become targets for people who just want to make a quick buck. What a sad time for the insurance industry.

Img courtesy of TMZ.

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Editor in Chief @CelebTrashTalk

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