The key element for FIPG is the FIPG Risk Management policy which was periodically reviewed and modified based upon legal experience of the members. This was included in the FIPG (Fraternity Insurance Purchasing Group, later changed to Fraternity Information Providing Group.įIPG was a non-profit corporation in which individual National Fraternities joined and paid nominal annual dues. The result is that millions are collected with little or nothing allocated to pay for the murders and injuries suffered by the increasing number of victims of fraternity-caused death and destruction! This is while undergraduate chapters, who pay 100% of the premium, are marginally covered or not covered at all by policies negotiated by the Nationals. The “National” Fraternities are in the unique situation that they, as unlikely defendants, maintain millions of dollars of most likely unneeded insurance coverage entirely paid for by someone else.
