January 27, 2006

Fed Up With Rising Premiums, Colleges Go Into the Insurance Business

By AUDREY WILLIAMS JUNE

Colleges looking to buy insurance these days are finding a harsh market. The insurance industry, battered by recent natural disasters coupled with the attacks of September 11, 2001, is offering colleges tough terms, skyrocketing premiums, and higher deductibles. To make matters worse, colleges must navigate such terms at a time when some state appropriations are shrinking, budgets are tight, and endowments are just beginning to rebound. For some, finding a way to get all the major insurance

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