Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Wake County Schools outlines $9.5 million in insurance premiums for 2025–26 and flags rising property and liability costs
Summary
At the Aug. 19 work session, the district’s risk management team reviewed the scope of the school system’s insurance portfolio, said the 2025–26 premiums total about $9.5 million, and told the board the largest share of premium costs is property coverage tied to the district’s $6.6 billion in insured assets.
Wake County Public School System risk management staff told the Wake County Board of Education at its Aug. 19 work session that the district’s total premiums for its insurance portfolio for 2025–26 are about $9.5 million and that property insurance is the largest single premium driver due to the district’s large asset base.
David Nieder and risk management staff introduced Nathan Barnett (senior director, risk management) and Trish (Philbrook) during the presentation and said the insurance program covers roughly 180,000 individuals including students, staff, drivers and volunteers.
What the district reported
- Total premiums and allocation: Staff said total premiums for 2025–26 are roughly $9,500,000. The largest share of those premiums is property insurance, reflecting the district’s insured property value of about $6.6 billion.
- Student accident and catastrophic coverage: The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
