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Board approves 2025–26 property and casualty insurance after sharp premium rise
Summary
The school board approved a $1.4 million property and casualty insurance package for FY2025–26 after hearing that reinsurance market shifts, expanded abuse coverage and a multiyear workers’ compensation trend drove higher premiums.
The school district board on July 17 approved property and casualty insurance coverage for fiscal year 2025–26 at roughly $1.4 million after hearing from the district’s insurance agent that market changes pushed premiums up about 20%.
The agent, identified in the meeting as Mr. Gilmore, told the board insurers and reinsurers are increasing building limits and demanding higher premiums. He said insurers have recently treated abuse-and-molestation coverage as a separate line item and required a…
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