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Harris County Schools hear insurance-market briefing; broker aims to return in May with renewal numbers
Summary
Gallagher senior director Matt Simmons told the Harris County Board of Education the property-insurance market is stabilizing while casualty coverage remains under pressure; he said he aims to present final renewal figures in May to align with the district fiscal year.
Matt Simmons, senior director of Gallagher’s public-sector K–12 education practice, told the Harris County Board of Education on Feb. 13 that the property insurance market is starting to stabilize but that casualty lines — including educators’ legal and general liability — remain under pressure.
Simmons said the district has experienced a “hardening of the market” in recent years and attributed much of the pressure to large weather events and rising jury awards. “There has been some, there's been, what we call a hardening of the market where we're seeing, increased rates for various reasons,” he said. He pointed to 2024 billion-dollar weather and climate disasters as a factor driving insurer pricing.
The presentation…
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