Gun control via actuaries

The experiment begins: here’s what’s happened in Kansas with a new law allowing school staff and faculty to carry concealed weapons–

The EMC Insurance Cos. insures 85 percent to 90 percent of all Kansas school districts and has refused to renew coverage for schools that permit teachers and custodians to carry concealed firearms on their campuses under the new law, which took effect July 1. It’s not a political decision, but a financial one based on the riskier climate it estimates would be created, the insurer said.

“We’ve been writing school business for almost 40 years, and one of the underwriting guidelines we follow for schools is that any on-site armed security should be provided by uniformed, qualified law enforcement officers,” said Mick Lovell, EMC’s vice president for business development. “Our guidelines have not recently changed.”

A smaller Des Moines-area insurer — Continental Western Group, based in Urbandale — has followed EMC’s lead with a similar position in response to the new law, according to the Kansas Association of School Boards’ insurance program.

So has Wright Specialty Insurance, based in New York.

H/T to the ever-vigilant TPM…

ALSO: Perhaps it’s necessary to clarify, though I wouldn’t have thought so–what’s most intriguing about this is that it’s a call made by actuaries, members of perhaps the most emotionless and empirically based business profession there is. Though I hope somewhere there exists a thriller about rogue actuaries.

James Heflin

Author: James Heflin

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