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Board approves insurance renewal; overall premiums rise 11.57% amid market pressures
Summary
The board unanimously approved an insurance renewal that increased overall premiums by 11.57 (about $54,000); student accident coverage declined roughly $10,500 because the district’s ADM fell.
Asheville City Schools accepted the administration’s recommendation to renew insurance coverage for the coming year, approving a package that Heidi said reflects market pressures, including aftereffects from Hurricane Helene.
Heidi told the board that the initial renewal proposal was higher than expected, but negotiations brought the increase to 11.57%, which she estimated as a little over $54,000. "Considering the market and other things I've heard from other people, I feel like this was very competitive," Heidi said. She also said the student accident insurance premium decreased by roughly $10,500 because the district’s average daily membership (ADM) declined, which lowers the student‑insured population.
Board members praised Heidi’s negotiation and asked whether the district had explored alternatives including the North Carolina School Board Trust. Heidi said the district has received competitive coverage through Surry and that, while the state insurance trust may offer price breaks, Surry provides an umbrella that consolidates coverage and advocacy across carriers.
A motion to approve the recommended insurance package was moved and seconded; the board approved the recommendation by voice vote with no recorded opposition.
Next steps: Finance staff will implement the renewal and monitor market options next year for potential cost savings.
