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Hoover Public Schools warns of nearly $6.9 million property-liability premium; board told to consider renewing with SIAW cooperative
Summary
Superintendent Brett Richmond told the Committee of the Whole the district’s property and liability insurance premium will total $6,896,261 with an additional separate amount described as “250” for excess earthquake coverage; the premium is a reported 22% increase year over year and staff plan to seek board authorization at the September meeting.
Superintendent Brett Richmond told the Hoover Public Schools Committee of the Whole on Aug. 26, 2025, that the district must plan to renew its property and liability coverage with the SIAW cooperative and that the proposed premium is $6,896,261, plus an additional ‘‘250’’ for a separate excess earthquake policy. Richmond said the premium represents a roughly 22% increase from the prior year and that the district has limited discretion over the market.
Why it matters: the premium increase materially affects the district’s…
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