Quote:
Originally posted by Nhfulmer
You really can't blame the insurance companies.
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Glad you wrote that, because that probably would have been the next direction the thread went.
Few people like insurance companies. Few understand how they operate -- or how insurance works.
In the end, though, they are businesses, just like the businesses that college students hope to work for and make a decent living. They're not charities. If they lose money, they don't survive.
So, if they have a high risk group to insure, the premiums are going to be high.
If fraternities want premiums to come down, they have to stop breaking the law/rules so the number of claims will diminish. It's as simple as that.
The above is dependent, of course, on whether fraternities can get insurance at all. The fact that we have to go to firms like Lloyds -- or form consortiums to self-insure speaks volumes about how high our risk is.
But we've been through that before.