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No Payout For Horse Breeders After CSU Fire
Posted by Labels: Biotech and Genetics, Breeding, Horses and Equines
Insurance Carrier Says It Will Not Pay Claims To Those Who Stored Genetic Material At Lab
Russell Haythorn, 7NEWS Reporter
(The Denver Chanel) There will be no payout for horse breeders who stored frozen genetic material at the Equine Reproduction Lab at Colorado State University.
A devastating fire tore through the ERL back in July. Then, in late December, CSU's insurance company decided it would not cover the precious frozen semen, eggs and embryos that were destroyed.
That news came as a shock in the gut to breeders like Charlie Cox who said the University's legal department has been dismissive about the situation from the beginning.
"It could have been handled much better. There was never one word about my potential loss or other people's losses of genetic material," said Charlie Cox who breeds Gypsy Cob horses. "This whole attitude of -- sue us. I'm not sure they ever intended to do the right thing."
Breeders like Cox must now file a claim with the state attorney general's office by Jan. 21 to reserve the right to sue CSU.
"If it is not received by that date, you may be forever barred under law from seeking restitution," said Cox who plans to file in the coming days.
CSU said its insurance carrier made the decision not to cover claims made by those with genetic material stored at the lab.
Cox lost anywhere from $15,000 to $25,000 in the fire.
The cause is still undetermined. No people or horses were injured.
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