Risk Management Insurance

[boz130]

My work w/various Lambda Chi Alpha chapters has taken me to schools all around the country.

Many chapters that are teetering on the brink of collapse seem to have one thing in common: despite warnings from our traveling consultants or interested alumni, the members insist that they can do pretty much whatever they want.

The reason for this is simple, and I'm quoting: "It's okay, we've got insurance with Lloyd's of London." For the record, the school I heard this at has placed LCA on a 5-year suspension. The house has been sold, and it's difficult to say at this point if they'll ever return to campus. With that said, here are my queries...

Do other GLOs have this same attitude? How many groups is Lloyd's backing? Have you found that alumni/ae involvement has helped in situations like this?

RE: the last point, I'm not sure if it helps in some instances because many of the LCA alums @ this august institution were just as crazed as the undergrads. Their primary reason for coming back to school for Homecoming was to get geezed and par-tay.

I know it's the end of the school year, and people are thinking about their summer vacations ("Oh, boy, gas here is only $2.13/gallon!"). Any thoughts on this are greatly appreciated.

Thanks--