I am going to try to shorthand this, simply because I suspect there is something I have wrong here. PMA, which has been for decades PSU's insurer, ALSO had a direct hand in selecting the B&I trustees who ran the University for decades. And these were the same decades, am I right about that?
Specifically, did we not find out a few weeks ago in the PMA vs. PSU case that from 92-99 there was an exclusion in place which meant that PSU was not covered for on campus child sex abuse during those years? Did the PMA-selected trustees during those years know about Sandusky? Did they exclude the coverage in order to limit PMA's exposure? Is it mere coincidence that the exclusion ended with the retirement of Jerry Sandusky?
Setting aside all other considerations, I cannot imagine why, during the 90s, a time when the President of the United States was accused of various forms of sexual harassment and abuse, a giant org like PSU willfully excludes from its liability coverage any claims for sex-related anything. I have never known of such an exclusion. Jerry Sandusky or no, you have no coverage if a grad assistant successfully hits on a 17 yo student? If a branch campus teacher hits on a 15 yo summer student? No coverage? That alone seems to be a negligent failure by the trustees to protect the assets of the University.
But if the PMA-selected trustees did not know about Jerry, then why did the exclusion end when he retired?
IF the PMA-selected trustees warned PMA about the risk of Jerry, and played along while PMA cut out the coverage, then they sold the University down the river, selecting the interests of their PMA backers over the interests of the University. I have always felt there were lots of people on the BoT who knew more about this than Joe did.
Kudos to Horst for fighting his lonely fight years ago. It did not work. Seems impossible to assume it could.
I could make lots of money in the insurance business if I had advance knowledge of where to find the risks and exclude them.
Why does PSU have the same risk insurer for all this time? How many times has this insurance business been sent out for bid since PMA became the insurer. Were there other times when oddball insurance exclusions popped up and PSU paid the claims itself? Another question: what was the premium paid to reinstate the coverage after Jerry retired?
Disclaimer--what I have written here is incendiary, I know. As I indicated, I may have the facts wrong. Happy to have that pointed out if it is true.