If they had to carry “malpractice” insurance (even if through their union) it would become self-correcting. Any payouts would come from that, and not tax money. Can’t get insured? Can’t get hired. Driving up union dues? Can’t get hired.
If officers or the union were paying the insurance premiums then taxpayers wouldn’t be paying $700m as the headline claims. So its not how its working now if the city is paying.
except the city’s are usually the one with the policy.
And that’s TWO problems. The city shouldn’t be paying the insurance, and each officer should have their own policy. One bad officer’s claims should not affect the premiums paid by good officers.
settlement money doesn’t come directly from the city’s budget.
You’re suggesting only the insurance company pays all of this?
Insurance companies don’t operate at losses by design. If Chicago isn’t paying more than this in premiums already, they will soon. Its still the city/taxpayers that pay eventually instead of the officers or union.
If they had to carry “malpractice” insurance (even if through their union) it would become self-correcting. Any payouts would come from that, and not tax money. Can’t get insured? Can’t get hired. Driving up union dues? Can’t get hired.
That’s kinda how it works now, except the city’s are usually the one with the policy.
If officers or the union were paying the insurance premiums then taxpayers wouldn’t be paying $700m as the headline claims. So its not how its working now if the city is paying.
And that’s TWO problems. The city shouldn’t be paying the insurance, and each officer should have their own policy. One bad officer’s claims should not affect the premiums paid by good officers.
I don’t disagree with you at all. I’m just pointing out that the settlement money doesn’t come directly from the city’s budget.
You’re suggesting only the insurance company pays all of this?
Insurance companies don’t operate at losses by design. If Chicago isn’t paying more than this in premiums already, they will soon. Its still the city/taxpayers that pay eventually instead of the officers or union.