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Board reviews insurance renewal as Liberty Mutual seeks retroactive change; approves student-accident coverage
Summary
During agenda review the New Hanover County Board of Education heard a staff recommendation to renew district insurance despite carrier proposals that would limit retroactive abuse coverage; the board approved a separate student-accident policy and a legal-services contract and asked staff to continue negotiating with insurers.
The New Hanover County Board of Education reviewed its annual insurance renewal and related coverage options during its agenda-review meeting, hearing that the district's insurer is proposing a retroactive change that could narrow coverage for older misconduct claims.
Board members were told staff recommends renewing the district's package while continuing negotiations with the carrier. At the same meeting the board approved a student-accident policy to extend coverage to all students and approved the district's contract for legal services and the catastrophic athletic insurance renewal.
The recommendation to renew the district's package was presented by an insurance representative. The district's proposed renewal would increase the total premium for several lines (general liability, school leaders, crime, auto, workers'comp and cyber) to about $1,907,480,…
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