sae nationals outlaws pledging
by: AustinStarting Sunday no chapter of SAE will be allowed to pledge new members...wow
Comment#12by: Money Talks
From Bloomberg news
Insurance Risk
As deaths and injuries mounted, Lloyd’s of London became increasingly concerned about the risk of insuring SAE. It threatened to drop coverage because the fraternity poses too great a risk, according to Gregory Brandt, a state judge in Iowa, and Steven Churchill, executive director of the American Medical Association, both SAE council members. Loss of coverage could shut down SAE, they said.
The Lloyd’s warning was a turning point that “changed the way” SAE officials viewed the fraternity’s “future viability,” Churchill said.
Members already pay a base fee of $340 a year for liability coverage, among the highest rates of any fraternity. The SAE national’s deductible is $1.5 million a year, Cohen said.
by: Clarify
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by: Sam
It wont' matter. This will be the summer where incoming freshmen from certain high schools will jump ship. They are already talking about it.
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