A Descriptive Analysis of Risk Management Revenue and Expenditure Trends for Historically White Men’s College Social Fraternities
Tull, Ashley Shi, Zhan Myers, Dani Flynn, Carson
Tull, Ashley
Shi, Zhan
Myers, Dani
Flynn, Carson
Abstract
Historically White men’s social fraternities are at the center of college and university life on many campuses. They have also been a place for high-risk activities such as alcohol consumption, hazing, sexual misconduct, and other health, safety, and wellness issues. Current risk management mitigation activities are addressed in the literature review that follows. This descriptive study examined the rising costs associated with insuring against high-risk issues for 32 historically White inter/ national fraternities. Results indicated a 7.2% year-over-year average annual percentage increase for each organization in the study and a 72% average annual percentage increase for the period studied (2010-2018). In some fraternities’ members were found to pay more annually is risk management fees than general membership dues. Recommendations for future research are also included.
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Date
2023-12-14
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Keywords
fraternity, fraternity liability, hazing, insurance, risk management, risk reduction