Search
 

Search & Rescue Ventures

In the spring of 2000 when your Iconoclast was still editor of the CPCU Claims Quarterly (CQ), a very typical situation for editors of such publications occurred.

By Ken Brownlee | Updated on March 05, 2007

In the spring of 2000 when your Iconoclast was still editor of the CPCU Claims Quarterly (CQ), a very typical situation for editors of such publications occurred: articles that had been promised for the July issue were not forthcoming. When the deadline is near and the material is not, editors tend to dig deep among the press releases for something useful, but if all else fails, they write a long editorial. Mine was entitled “Wilderness Search and Rescue – An Underwriting Opportunity?”

In it were statistics cited from the American Alpine Club that, in 1998, search-and-rescue costs represented 15 percent of the total budget of the National Park Service. When one added the cost of Coast Guard rescues of unqualified weekend sailors out there on the oceans, American taxpayers are paying for the stupidity of a small minority of our citizens. Why not make such costs a factor of liability coverable under various insurance forms and charge those who want to risk their lives climbing mountains or hiking in the wilderness for special endorsements to cover the costs of rescue?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.