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Member, Beacon International Group, Ltd.
Des Moines, Iowa-based EMC Insurance Cos. is among underwriters declining to insure school districts that allow employees to carry concealed weapons on the job, according to a story reported by my colleague, Rodd Zolkos.
Following the mass shooting at Sandy Hook Elementary School in Newtown, Conn. lawmakers across many states have been weighing laws permitting school employees to carry weapons and so far a few have decided to allow it.
Insurers that haven’t already decided whether to insure such risks are also giving the issue careful consideration, according to Rodd’s story available here.
It’s a policy that is worthy of careful thought, and after doing so some insurers are deciding it’s not worth the risks. I trust their risk-weighing capabilities more than I trust a politician’s.
EMC covers workers compensation exposures along with other property/casualty risks.
As I have reported before, mass shootings in the workplace can drive large workers compensation expenses.
Fortunately, despite attention grabbing incidents like Sandy Hook, U.S. gun violence is strikingly lower than it was during a peak in the mid-1990s, according to Pew Research report available here. But the rate of decline in gun violence has flattened.