• Experiential Ratings - Year 1 results

    2016-2017 marks the 1st year of the experiential rating program for our membership subscription fees (chapter liability insurance premium). Rather than a flat per-man fee, the RMF added 8 additional factors to incentivize best risk management practices. We also expanded our already existing property experiential rating factors. Overall our chapters and House Corporations received savings (credits) that totaled to $360,000 , most of which should be recurring each year. For liability, 43 chapters saved between 1% and 10%, and 77 chapters saved over 10%! On the property side, 30% of our House Corporations 10% or more, and an additional 43% received a savings of some percentage. Below are tables that outline the credits and debits assigned for the various factors. As you can see, there is still room for improvement particularly for the chapters who did sign and submit a risk management plan and missed the 3% savings (and also received a 3% increase for not doing so). Another potential manner in which most of our chapter's and house corporations could save considerable dollars would be to consider taking the necessary steps to receive the Alcohol/Substance-Free/3rd Party venue credit which can save a total of 22%.

  • RMF Position on Firearms and Weapons

    The United States Constitution provides that all citizens may bear arms. For our Brotherhood, our Chapters and Brothers must also recognize the potential dangers that can arise—even from unintended consequences—due to the presence of firearms or other weapons at a chapter house or chapter activity. 

  • Fraternal Health and Safety Initiative (FHSI) Takes Immediate Action on College Campuses Nationwide

    Eight international and national fraternity member clients of James R. Favor & Company (JRFCo) today announced they are forming a consortium to implement the Fraternal Health & Safety Initiative (FHSI) to fight the most pressing social issues facing college campuses today: sexual and relationship misconduct, binge drinking and hazing. Through the FHSI, the consortium members will take immediate action beginning in the 2014-2015 school year to educate undergraduate members of their fraternities to prevent, identify and intervene against these behaviors.

Pages