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District insurance broker outlines renewal options, says Liberty Mutual claims drive proposed increase
Summary
An insurance broker presented renewal options, cited increased claims paid by the incumbent carrier and sought time to finalize quotes from alternative carriers including MSBA and Berkeley.
An insurance broker briefing to the Hancock County School District Board of Trustees reviewed the district’s upcoming policy renewals, recent claims history and competitive market options.
The broker summarized the incumbent Liberty Mutual renewal and said Liberty has paid $275,906 in claims over the last three years with reserves of about $64,003 currently open. The broker showed a premium comparison across coverage lines (general…
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