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Murphysboro CUSD 186 approves FY25–26 insurance package after claim-driven premium increases
Summary
The Murphysboro CUSD 186 board approved a set of insurance quotes for fiscal year 2025–26, choosing different vendors for workers' compensation and property/liability coverage after administrators cited a high number of claims and rising replacement-value estimates.
Murphysboro CUSD 186 board members voted to approve the district's FY25–26 insurance package, selecting West Bend for workers' compensation and binding property/liability and student-accident coverage through ISDA, administrators said.
Administrators told the board that the district experienced a year of elevated insurance claims and that insurers raised premiums accordingly. The administration recommended a mix of providers so the district would have workers' compensation through West Bend and property/liability/student accident coverage through ISDA, a district staff member said.
Why it matters: Board members said the quotes reflect both recent claims history and updated replacement values for district property. Administrators noted higher coverage limits for flood damage after recent flooding events and said cyber liability limits were increased to address exposure not fully covered by the district's internal server arrangements.
Details: Administrators told the board that a premium increase of roughly $15,005.73 was driven by claim history and that property-liability figures rose as insured values were updated. Administration also recommended increasing flood coverage from $100,000 to $500,000 following analyses of likely replacement costs, and adding cyber liability limits beyond what the district's on-premises server provided.
Board discussion centered on why some vendors' quotes were higher than others, whether the district must select the lowest bidder, and whether Liberty Mutual and other carriers are limiting new school business in the region. Board members noted that brokers and carriers price offers differently based on claims and market availability. Don Yule, identified in the packet as a broker associated with ISDA/ICA, was referenced during the discussion about broker roles and quotes.
The motion to approve the recommended insurance mix passed on a roll call vote with board members recorded in favor.
