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Liability Insurance
I have seen random posts related to Liability Insurance, but
thought a new thread might help. It seems to be a MAJOR
topic at most chapters today.
I thought I might stimulate discussion on:
- WHY liability insurance is so high, and going higher? (lawyers!)
- Do most colleges require frat/soror's to have it? (about 50% do?)
- How do local groups get it, if at all?
- What can be done to lower rates, or at least stop the rise
AND THE BIGGIE:
Could sky-rocketing insurance costs and sometimes "outrageous"
lawsuits, combined with sometimes "outrageous" behaviour
by members, PUT THE NATIONAL GREEK SYSTEM (at least
fraternities) OUT OF BUSINESS?
I know when our chapter alumni "complained" to HQ about
the recent spike in rates, making our chapter by far the
most expensive on campus, the reply, in so many words,
was: "We (HQ) can't do anything about it. Our choice is
to pay whatever the insurance company demands (having
shopped around for the best deal), OR DISBAND OUR
INTERNATIONAL FRATERNITY).
K. Joiner
Lambda Chi Alpha, Georgetown College
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