This speech concentrates on a discussion of the increasing difficulty that school districts are experiencing in obtaining insurance coverage. The speaker offers school administrators some suggestions to assist them in securing the necessary coverage and suggests that when an insurance market is open and competitive, purchasing through bidding is…

This booklet is intended to help students gain a broad understanding of the meaning, characteristics, organization, products, and functions of the insurance industry. The following topics are discussed: the concept of and need for insurance; basic principles of insurance (risk assessment, insurability and insurable interest, determination of…

The pros and cons of state laws mandating mental health insurance are discussed in this report. The history of a 1985 Supreme Court case which held that states could mandate mental health benefits introduces the report. In an overview of the issue, the long-standing argument between the insurance industry and the mental health establishment is…

Rising risks, and losses resulting from civil disorders and vandalism are producing a squeeze on profits thus precipitating higher property insurance rates and deductibles, according to the insurance industry; while schoolmen lay the blame on industry panic. The conclusion is that school and insurance representatives must work together toward the…

There are many ways a school district can reduce the cost of insuring employees, equipment, and buildings. (Author/MLF)

Discusses the selling of life insurance policies to students on campus. (PG)

A discussion is presented of the advantage of placing school district insurance on a single coverage bid basis (coverage by one company rather than several companies). Various procedures for submitting company bids are considered. (FS)

This report is concerned with criteria for purchasing school insurance on a bid basis. Evaluative factors are outlines for situations in which the bidding procedure may or may not be feasible, and some advantages to purchasing insurance on a bid basis are cited. Tables for bid tabulation and a list of books on insurance company ratings are…

A great deal of the current liability insurance crisis can be attributed to the industry itself. This article discusses insurance cyles, cash flow underwriting, reinsurance, company "capacity", rates determination, "claims-made" coverage of accidents, and regulation of the industry. (JD)

Insurance is necessary to protect school district assets and assure the ongoing educational program. It may be purchased economically and serve its designed purpose only if trustees and administrators understand its function and seek professional help in its application. This report discusses in lay terms the nature of insurance as one means,…

This report on the profitability of the property/casualty insurance industry and in particular of the medical malpractice insurance line was prepared at the request of Representatives Henry A. Waxman and James J. Florio and Senators Paul Simon, Daniel K. Inouye, Albert Gore, Jr., and Jay D. Rockefeller. Four different estimates of medical…

The most important development in the administration of school district insurance programs is the establishment of the risk management concept. (Author)

The text of a Senate Committee on Small Business hearing on the cost and availability of liability insurance for small business is presented in this document. The crisis faced by small business with skyrocketing insurance rates is described in statements by Senators Lowell Weicker, Jr., Robert Kasten, Jr., Dale Bumpers, Paul Trible, Jr., James…

Colleges and universities are facing difficult choices as insurance companies cancel coverage or demand premium increases of up to 800 percent. The current crisis is blamed on the way the industry has been managed. Financial managers, rather than underwriters, took over the industry. (MLW)

Describes the New York School Insurance Reciprocal (NYSIR) wherein 280 school districts in New York insure one another against property damage and injury. NYSIR member districts pay considerably less in premiums than they would pay through standard insurance companies. (PKP)