The Texarkana paper carried an AP article on Sunday, talking about how there's no federal oversight and a lot of inconsistency from state to state about inspecting amusement parks. I'd give a link, but this paper is subscription only for online content. Search Yahoo or Google news; you should be able to find it.
There's the usual fear-mongering, but in the end the Texas insurance agency spokesman sums it up best: parks are extremely safe.
My comment to the local paper:
Large fixed parks like the Six Flags and Disney chains, and Herschend Family Entertainment (Silver Dollar City, Dollywood, and others) enjoy a far better safety record than the government highways that lead to the parks.
These are not fly-by-night county fair carnivals who can just change their name as they move on to the next state. They have a far greater stake in safety than any state or federal bureaucratic regulator even possibly could.
Insurance will pay for this tragic death, as it should. But, this is not like Ford Motor Company calculating that the cost of deaths from fiery Pinto rear-end collisions being cheaper than the cost of upgrading the fuel tanks. No amount of low-ball upgrades or insurance can offset the cost to an amusement park that has a reputation of being dangerous. That reputation would be the death knell of a park, and likely the entire chain associated with it.
Being in business to make money, and owing it to their shareholders, they will do everything possible to make sure such accidents don't happen.