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Lewisburg board authorizes renewal of district liability insurance as market hardens
Summary
The Lewisburg Area School District board authorized staff to sign a general liability renewal after hearing competitive quotes and a broker's assessment that the commercial insurance market is hardening; the recommended renewal would raise premiums modestly while preserving broader coverage terms, board members were told.
The Lewisburg Area School District Board of Directors voted to authorize district staff to sign a renewal for the district's general liability insurance after a presentation comparing multiple carrier quotes.
Board members were told that the commercial insurance market is “very hard,” with property and other commercial lines facing double‑digit increases in many places. An insurance broker who addressed the board said the district’s package with Centimeters Regent would increase by about 8.8 percent overall, and that the board’s long relationship with that carrier and the district’s favorable loss history helped moderate the renewal increase.
The broker said the expiring package premium was…
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