RMF Costs to Rise Again

Just when you think our insurance providers have screwed us the best they can, they do it again. As you probably remember, we were notified of an estimated increase last year of somewhere around 25% that turned out to be 70% year over year. We just got word that this will probably be another devastating year for fraternity insurance costs (according to our own Risk Management Foundation) as we have again been notified of another increase…this time in the neighborhood of 70%. Obviously this is devastating news for many chapters and is certainly far from good news for Eta Iota.

I honestly don’t know how many chapters will continue to stay afloat financially with these types of increases.
House Corp is awaiting the final figures to know exactly what our 2002-2003 premiums will come out to but we are already thinking of alternate payment plans for the actives to be able to afford such an increase without this becoming more of a crisis. We would gladly appreciate any assistance from our Insurance gurus in helping us identify ways to reduce costs. If you have any background in this matter, please contact either me at 214-979-0850 or Brian Lojko at 912-897-4659. Continue reading →