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District insurance premiums fall overall; board approves renewal with improved property and windstorm terms
Summary
Dickinson ISD staff and their insurance advisor reported a net decrease in premiums for 2025–26, driven by more capital in the property/windstorm market, and the board approved renewal; auto/bus premiums rose slightly due to added vehicles.
District staff and an insurance advisor told the Dickinson ISD board on July 14 that overall premiums for property and casualty coverage for 2025–26 will decrease, with improved coverage limits and lower tornado/hail deductibles, and the board approved renewal of the district’s property and casualty policies.
Miss Hal (district staff) reported that premiums for 2025–26 decreased overall after the district worked with an advisor to update insurance values. She noted automobile and bus insurance increased because the district added new buses. Joe Blossey, insurance advisor from McGriff, elaborated: the property and windstorm insurance market has improved over the past year as new capital entered the market, enabling a significant premium reduction, higher coverage limits and lower deductibles for tornado and hail. He said liability premiums rose slightly because of a legislative change that increased legal liability exposure for school districts.
Board action: the district recommended approval of the insurance policies as presented; a motion was made, seconded and the board approved the renewals by voice vote.
Discussion versus action: the presentation included Q&A about causes for premium changes (market capital inflows for property/windstorm; legislative change increasing liability). The board’s vote authorized renewal; the transcript did not specify premium dollar amounts, exact deductibles or effective policy dates.
Implementation notes: staff and the advisor will finalize policy renewals and coverage details; transcript indicates the district added 15 vehicles, contributing to an auto premium increase.
