Should Penn State get the Death Penalty?

[King James]

Originally Posted by shilala

(Insurance will cover victim lawsuits, but I want to see what they actually DO to make right.)

It is quite likely that insurance won't cover Penn State in this case. It will come down to policy language, but it is quite likely that what they pay will be out of pocket. That is not to say that costs won't be passed on to others in the form of increased tuition, fees, etc., but I'd be surprised if the insurance companies give any $$

[shilala]

Originally Posted by King James

It is quite likely that insurance won't cover Penn State in this case. It will come down to policy language, but it is quite likely that what they pay will be out of pocket. That is not to say that costs won't be passed on to others in the form of increased tuition, fees, etc., but I'd be surprised if the insurance companies give any $$

They have multiple stacked policies. That wasn't a guess, that was words from Rodney Erickson.
You're right, though. The policy cost will be passed down, and they'll pay a lot more for insurance, but they're insulated from the lawsuits completely.

[King James]

Originally Posted by shilala

They have multiple stacked policies. That wasn't a guess, that was words from Rodney Erickson.

Those policies don't have any language absolving the insurance companies from paying for intentional acts or when there was knowledge? Can you point me to where you saw that insurance will cover?

[shilala]

Originally Posted by King James

Those policies don't have any language absolving the insurance companies from paying for intentional acts or when there was knowledge? Can you point me to where you saw that insurance will cover?

I just read the article a few minutes ago, Jim. I went back to look for it and I can't find it, Sorry. (I actually found it as I was looking for what year PS asked Joe to step down as coach, if you want to Google it. It was dumb luck you mentioned it shortly thereafter. )
Erickson also said the board called for an inquiry to make sure that they'll be covered in the future with adequate insurance now that all this has happened. That might prove a bit tougher.

[Blueface]

Originally Posted by King James

It is quite likely that insurance won't cover Penn State in this case. It will come down to policy language

Jim,
You are likely right.
Most, if not all liability policies exclude intentional acts.