Love2Fish, I am a co-director and you don't have to have any special insurance. Although it is a fish at your own risk tournament and you can use baskets instead of livewells. All of this stuff is specified in our rules which can be found at http://ohiocatfish.comthere are several links down the left of the page that offer payout schedules, rules, etc... So far mother nature hasn't helped us out much, but we are getting good feed back numbers are looking to increase as more people are getting boats out, etc... Shoot me an email if you have any questions. I would be more than happy to help out.
To answer your question about what is working, shad is good bait and we were catching them in current last night. We finished the channel in aabout 15' of water. last weekend, we couldn't get a bite though. This weather really has them screwed up.