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The church-affiliated colleges served by the Chicago-based Educational and Institutional Insurance Administrators Inc. had a problem.
One of the colleges, Ferrum College in Ferrum, Va., had been approached by local authorities in 2006 to serve as quarantine site in the event of a pandemic, said Mary Ellen Moriarty, vp-property/casualty insurance for the nonprofit EIIA, which was incorporated in 1976 by the United Methodist Church to provide group purchasing and administration of insurance programs for the church's historically black colleges and universities.
The program expanded later to cover other Methodist, Baptist, Lutheran and Presbyterian schools.
Ferrum approached LIIA's advisory council of school business officers, who then realized they had no business interruption coverage if they...