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Monroe Local to change carriers as property/liability and cyber coverage rises about 19.6%
Summary
Facing large market increases, the board approved a switch in carriers for property, liability and cyber coverage with an overall premium increase the treasurer said amounted to 19.6 percent; a prior quote from Liberty Mutual would have been substantially higher, Moore said.
The Monroe Local Schools Board on June 23 approved renewal of the district’s property, liability and cyber insurance for the 2025–26 policy year under an alternate carrier after brokers delivered multiple market quotes and one incumbent carrier proposed a very large increase.
Treasurer Amy Moore told the board the chosen package represents a 19.6 percent increase in premium from the district’s prior cost baseline. "It is 19.6," Moore said during the meeting. She said Liberty Mutual, the prior…
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