After the two girls in panama city, governor scott had some regulations put into law about the safety elements of parasailing companies.
Up until 2013 parasail companies could do as they wished as there were no laws or regulations pertaining to them.
I would say it is 80% safer now....
As with anything that flies, you have risks, this pertains to anything that moves.....hint...hint... but of course if you are 40 feet in the air and fall, its going to hurt really bad....if you fall off your bike going 40mph, its going to hurt really bad.... LOL.. six of one, half a dozen of the other!...
But of course you won't be 40 feet in the air on your bike, well, lets hope not anyway!