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Board accepts consultant recommendation on property and casualty insurance amid flood-coverage trade-offs

5864877 · August 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Trustees accepted the insurance committee's recommendation to award the district's property and casualty RFP to a package including Lloyd's of London and Liberty Mutual. The discussion focused on deductible choices, flood coverage limits and premium savings.

The Mercedes ISD Board of Trustees accepted the insurance committee's recommendation to award RFP No. 07-14-25-411 for property and casualty insurance to Lloyd's of London (property) and Liberty Mutual (casualty), as submitted through district brokers.

Insurance consultant and broker Mr. Garza told the board two competitive proposals were received and that the recommended option offered a notable premium…

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