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Stewart County board accepts Tennessee Risk Management insurance contract over lower-bid insurer
Summary
The Stewart County School Board voted to approve a contract with Tennessee Risk Management after members said the company offered substantially lower deductibles and faster claims service, despite a higher annual premium than a competing bidder.
The Stewart County School Board voted to accept an insurance contract with Tennessee Risk Management after members said the company’s lower deductibles and rapid claims handling outweighed a lower-priced competing bid.
Board members approved the contract on a roll-call vote after a motion by Miss Fitzhugh and a second by Mister Salk. During the discussion, officials contrasted an apparent low-cost bid of about $414,000 with Tennessee Risk Management’s higher premium, around $480,000, and focused on differences in deductible structures.
Board members and staff said the…
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