Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Clay County schools see modest property-casualty renewal increases as property values rise
Summary
An insurance broker told the Clay County School Board workshop that the district’s 2025 property-casualty renewal shows small overall rate increases driven mainly by a 24% rise in the district—s reported property values; the program retained a competitive marketplace response with 15 quotes from 42 carriers approached.
At a Clay County District Schools workshop, an insurance broker for the district said the 2025 property-casualty insurance renewal would produce only modest overall increases, with most upward pressure traced to a change in the district—s reported property values.
Juri Vanderhoort, an insurance consultant with Allender, told the board the program saw more market capacity and competition this renewal cycle and that district work to update property values offset some marketplace increases. "The property values themselves increased 24%," Vanderhoort said, noting that the change in valuations was the main driver of the retention and premium differences.
The nut of the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
