A Tennessee state university has apologized to an insurance company after representing that the insurer improperly denied a $20,000 prize claim to fund a promotional contest held during a basketball game.
East Tennessee State University Athletic Director David Mullins issued the apology to American Hole ‘n One Inc., after university officials found that the school had not renewed a policy to cover promotions.
A university student won the contest after completing a layup, a free throw, a three-point shot, and a half-court shot during an ETSU vs. Belmont University basketball game.
The university said an employee failed to convey to officials that the policy had indeed lapsed.
The university and the promotion sponsors paid the student the $20,000.
Topics Education Universities
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance Tops Property Taxes in Squeeze for US Households 
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks From This Issue
