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School board approves 2025–26 casualty, property and cyber insurance renewals; casualty costs rise, property premiums fall
Summary
The Katy Perry School Board approved renewals for casualty, property and cyber insurance for 2025—6 during its June 3 meeting, with a gross casualty premium increase offset in part by a dividend.
The Katy Perry School Board approved renewals for casualty, property and cyber insurance covering the 2025–26 policy year at its June 3, 2025, meeting.
On the casualty policy, an insurance representative reported a gross premium increase of $45,040 from the prior year to a total of $653,697 and said the district is entitled to a dividend of about $31,000 on July 1, reducing the net increase to roughly $11,000 for the coming fiscal year. The representative described the casualty coverage as including the district's bus fleet, the 'white fleet' and liability coverage for educators and staff and explained that dividends vary by year depending on pool results.
On property coverage, the board approved a new property insurance placement for 2024/25 and 2025/26 with the agency read into the record. The transcript records that property premiums represented roughly a $400,000 decrease from the prior year and that total insured values were stated in the record as approximately $279,000,000. Carriers identified in the discussion included Westchester as the primary carrier and a Lloyd's layer above that.
The board also approved renewal of cyber insurance with Gallagher Insurance. No premium figures for the cyber policy were presented in the recorded motion.
Each insurance item was put forward as a motion by board members and carried on voice vote. The casualty renewal motion was made by James Higginbotham and seconded by Mr. Tow; the property renewal motion was made by Higginbotham and seconded by Seymour; the cyber renewal motion was made by Glenn Quibbeau and seconded by Higginbotham. The transcript shows each motion's passage with the clerk noting 'Ayes have it. Motion carried.
What was not decided: the board approved renewals and placements; no additional policy endorsements, specific premium breakdowns by location, or contract language beyond carrier names and high-level premium totals were included in the recorded remarks.
Attribution note: cost and dividend figures were provided on the record by a district insurance representative whose name was not stated in the transcript.
