Quote:
Originally Posted by King James
It is quite likely that insurance won't cover Penn State in this case. It will come down to policy language, but it is quite likely that what they pay will be out of pocket. That is not to say that costs won't be passed on to others in the form of increased tuition, fees, etc., but I'd be surprised if the insurance companies give any $$
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They have multiple stacked policies. That wasn't a guess, that was words from Rodney Erickson.
You're right, though. The policy cost will be passed down, and they'll pay a lot more for insurance, but they're insulated from the lawsuits completely.