Quote:
Originally posted by Alpha Sig Scott
One multi-million dollar judgement against a fraternity is all it would take. It's not hard to imagine a risk management situation that could initiate such a lawsuit. Could a national fraternity survive such a disaster?
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Actually, it's even worse than that.
We've had this discussion before, but it's been a while, so it may be time to remember that there are a number of fraternities who basically are uninsurable. Many of those have banded together to fund their own insurance for those fraternities -- having the plan administered by a professional group.
If that plan were ever to become unsolvent because of large judgements against its members,
all of the groups in the consortium could be in serious trouble.
As for this particular case, even though the injured party was not on the guest list, the pool aparently was on chapter property and the group will almost certainly be liable. I may not invite people to walk on my sidewalk, but if someone slips on the ice, I get sued.