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Board awards property/casualty and workers'9 compensation contracts
Summary
Trustees approved a property and casualty insurance proposal for $860,913 to Texas Political Subdivisions and a workers' compensation bid to Deep East Texas for about $97,125.
The board approved a property and casualty insurance package with Texas Political Subdivisions at a premium of $860,913 after staff reported bids from multiple markets, including surplus lines. The presenter said "the low, price on that was, Texas political subdivisions at $860,913" and asked trustees to approve that amount with the possibility of future amendment depending on buy-down options. A motion to accept the Texas Political Subdivisions proposal for 2025–26 passed by voice vote.
Trustees also awarded workers' compensation coverage to Deep East Texas self-insurance fund after staff reported bids from multiple carriers; staff recommended acceptance of the low bid at $97,125 (transcript contains a minor discrepancy listing $97,125 and $97,145). The board approved the workers' comp award by voice vote.
Staff noted these are annual procurements and that the board may see future amendments if the district decides on a premium buy-down or percent-of-premium adjustments.
