Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Insurance topic
No spam. Unsubscribe anytime.
Board discusses two flood-insurance options for high school and athletic fields; item fails to receive a motion
Summary
The board discussed two flood-insurance options for Tunkhannock Area High School and its athletic fields — an expensive $3 million policy from Landmark American and a much smaller NFIP/FEMA policy — but the item did not receive a motion and was not decided.
At a special meeting on Sept. 12, the Tunkhannock Area School District Board discussed flood-insurance coverage options for the high school building and adjacent athletic fields and did not take formal action after the item failed to receive a motion.
District staff described two options: a $3,000,000 flood-insurance policy with a $50,000 deductible from Landmark American, quoted at an annual premium of about $90,569; or a $500,000 policy through the National Flood Insurance Program (NFIP)/FEMA for the high school only with a $1,250 deductible and an annual premium of about $3,924. The district’s broker told the board the Landmark American quote was “way too expensive for the amount of coverage” and would not be recommended for purchase.
President Arnold and staff explained that some carriers have stopped offering flood coverage in local flood zones and that only the two options were available after outreach to multiple carriers. They noted the Landmark option would cover both the building and athletic fields; the NFIP option covered only the school building.
Outcome No motion was offered on the item; the chair stated, “Hearing none, the item fails to get a motion.” As a result, no purchase or policy selection was approved that night.
Context and next steps District staff described the coverage differences and the broker’s assessment. The transcript does not record a follow-up assignment or deadline for bringing the item back to the board.
