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Eugene

(61,595 posts)
Wed Mar 21, 2018, 05:53 AM Mar 2018

Insurers' new business: "active shooter" policies for U.S. schools

Source: Reuters

U.S. MARCH 21, 2018 / 1:15 AM / UPDATED 3 HOURS AGO

Insurers' new business: "active shooter" policies for U.S. schools

Suzanne Barlyn, Noor Zainab Hussain
6 MIN READ

(Reuters) - Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting.

Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a dozen injured, seven South Florida school districts have bought $3 million worth of “active shooter” coverage that Marshall’s Ohio-based employer, the McGowan Companies, began selling in 2016.

“Every day we get a phone call from another school district,” Marshall said.

The insurance, which is backed by XL Catlin, covers expenses tied to shootings in places such as office buildings and concert halls, and is increasingly gaining traction with schools. It pays up to $250,000 per shooting victim, for death and serious injuries, such as blindness or total disability, with additional medical coverage depending on how much insurance a district buys.

There is no detailed survey of insurance coverage at U.S. schools, but insurers say it is only within about the past year that more schools have been seeking “active shooter” and “active assailant” policies.

-snip-


Read more: https://www.reuters.com/article/us-usa-guns-insurance-schools/insurers-new-business-active-shooter-policies-for-u-s-schools-idUSKBN1GX0EA
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