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Treasurer: large insurance losses driving higher school rates; vice president recommends accepting several donations
Summary
Treasurer Missus Reesenberger told the board two recent events caused more than $100 million in combined losses for insurers, pushing up rates for schools; the board’s vice president recommended accepting several donations to the district, including funds for special education and career academies.
At the June 10, 2025, meeting of the Three Rivers Local School District Board of Education, Treasurer Missus Reesenberger told the board that two large insurance losses — a roof collapse caused by snow and severe hail damage — together exceeded $100,000,000 and were contributing to higher insurance rates for schools.
Reesenberger said the district’s rates are affected by larger regional losses even when the district itself was not in the affected insurance consortium. She described the recent events as the reason for a modest increase in the district’s insurance premiums.
Later in the meeting, the board vice president recommended acceptance of several donations to the district: $6,000 from the Ollie Schmidt Foundation to the special education department, $4,000 from the Spirit of Construction to the Career Academies, and a $250 donation that the transcript records without a donor name. The recommendation was acknowledged by board members in the excerpt; the transcript does not record a formal roll-call vote on those specific donations in the provided text.
The board also noted a work session scheduled for June 24 to discuss additional items. No further budget actions or contract approvals tied to the insurance issues were recorded in the excerpt.
