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While you are raising some interesting questions, I'd refer you to the thread at the top of "Risk Management" for a list of some 30 recent deaths involving GLOs, members, and guests. I think Sigma Chi alone has had two or three $1 million settlements recently.
Your defense of closing and liquidating a chapter which gets sued fails, because the suer can also sue the natl., the chapter's officers and leaders individually, the chapter's advisors, and always, of course, the college. If there is guilt, they'll extract $$$ from someone.
Good to hear that your GLO had no claims last year. Sorry your rate has gone up. Keep in mind that the GLOs had to form their own insurance pool because no existing business would accept the risk.
If you can find a company that will insure your chapter cheaper, let us know.
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