Board recommends renewal of liability and cyber insurance with modest premium changes

The board recommended renewing the district's general liability, auto-liability and educators'legal-liability insurance with the current carrier and endorsed renewal of cyber liability insurance with Travelers. Why it matters: insurance renewals set the district's risk management posture and premium obligations for the coming year. During the insurance committee presentation, the district's insurance representative summarized options and recommended staying with the current carrier, identified as LOMA (Louisiana Risk Management Agency), citing continuity and the carrier's willingness to give the district input on settlements. Staff recommended renewal at a premium of $367,205 and reported a change to the educators'legal-liability deductible, which "has increased from 15,000 to $25,000 per claim." The committee moved to recommend renewal with that provider; the motion passed 10-0. On cyber liability, staff recommended renewing with Travelers at a premium of $17,860, a slight decrease from the prior year; staff credited IT security improvements, including two-factor authentication, for the favorable renewal. A motion to accept administration recommendations for cyber renewal passed 10-0. The committee recorded no further changes to policy terms beyond the stated deductible increase for educators'legal-liability.