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Board awards McAllen ISD property and casualty insurance to Montalvo Insurance Group after two bids
Summary
Trustees approved a one-year award (with renewals possible) for property and casualty insurance to Montalvo Insurance Group; board also authorized HR to execute necessary application documents.
The McAllen Independent School District Board of Trustees on Tuesday approved a one-year award (with options to renew) for the district’s property and casualty insurance to Montalvo Insurance Group, after staff described two competitive proposals for property coverage and a single proposal for casualty lines.
Why it matters: insurance limits and deductibles determine the district’s financial exposure for property, wind and other major-loss events. Trustees asked whether the district is carrying adequate limits and heard that market conditions have…
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