I know an insurance executive who likes to inspect the schools that his company insures. He has children of his own, and says that one day he would like to teach.
While inspecting an elementary school he stopped at the emergency exit when he noticed that the panic bar was too high for small children to reach. Then he pushed on the bar. It took all of his strength to open the door.
“Fix it, or we won’t insure you!” he told the school superintendent.
In the aftermath of the terrible tragedy at Sandy Hook Elementary School in Newtown, Conn., where 26 children and school personnel died at the hands of a deranged young man, the time has come to stop feeling powerless and do something.
Insurance companies aren’t new to this
And insurance companies are equipped to do just that. Many are in the business of insuring schools, because every school has to have insurance coverage for the inevitable lawsuits from an accident or tragedy related to school activities. (continue reading…)
Donald Light is one of the smartest — and busiest — people I know. But even this longtime Celent Research Services insurance consultant makes mistakes. Light was so busy minding other people’s insurance needs this year that he didn’t keep track of his own.
About two years ago I was driving my new Honda Fit in the center lane across Florida’s Alligator Alley. In the right hand lane ahead of me was a pickup truck hauling a car engine strapped to the back of an old wooden trailer. A metal piece from that engine, which could have been a valve cover, bounced up and out, careened off the blacktop and smashed into my windshield as if an Olympic athlete had thrown a javelin.