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Lawyers, insurance firms cash in on fantasy football – CNN.com

Titlecraft sells handmade fantasy football trophies, some with Swarovski crystal, left, for up to $799.

Titlecraft sells handmade fantasy football trophies, some with Swarovski crystal, left, for up to $799.

CNN takes a look at what’s new in the world of fantasy football. Now there are even lawyers available to settle the nastiest disputes. Who knew???

By Eliott C. McLaughlin
CNN

(CNN) — Henry Olszewski was stoked in 2008 when he, along with millions of Americans, drafted New England Patriots quarterback Tom Brady to his fantasy football team.

About eight minutes into the season, a 220-pound safety was blocked into Brady’s knee, tearing two of the quarterback’s ligaments. Brady’s season ended, as did Olszewski’s.

“That Monday, [Olszewski] came in the office, and he was bummed out,” said Anthony Giaccone, president of Intermarket Insurance. “He asked, ‘Why can’t we buy insurance for fantasy team players?’ ”

Thus spawned the brainchild for Fantasy Sports Insurance, which guarantees that NFL players won’t miss a certain number of games. FSI will reimburse a fantasy player’s entry fee if they do.

It’s one of a blitz of bizarre businesses cropping up in the $800 million industry of turning quarterback stats to greenbacks, said Paul Charchian, president of the Fantasy Sports Trade Association.

Lawyers, insurance firms cash in on fantasy football – CNN.com.

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