Quote:
Originally posted by DeltAlum
Do you understand that a large number of fraternities are, for all intents and purposes, self insured because no other underwriter would touch us? The number was pushing 20 the last I looked.
So if we're getting gouged, we're doing it to ourselves.
To me, the real point is that we've brought this on ourselves.
Again, read the other threads in this forum.
Stupidity costs money, I guess.
|
The point that this poster is trying to make is that HIS fraternity has not had any lawsuits and their insurance went up anyway. That's not how it's supposed to work.
Of course there are high risk industries - let's say nuclear plants. Everyone pays to some point for the mistakes they've made in the past and the inherent danger involved. But if Joe's Nukes has 16 spills in a year and Bob's Nukes has zero, they damned sure shouldn't be paying the same insurance rates - nor should they be dealing with an insurance agent or carrier or broker that tells them they have to.
If his fraternity hasn't had any hazing claims or lawsuits or complaints, how have they "brought it on themselves"? Are they supposed to patrol every other fraternity to make sure nothing happens? I mean, that's absurd, and you certainly wouldn't say that McDonald's needs to suck it up if Wendy's keeps hiring idiots who stick their hands in the deep fryer.