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Board debates options for property-insurance procurement after agent reports lower premium this year
Summary
Board discussed whether to continue with the longstanding insurance agent after a staff presentation that current layered coverage and agent negotiations produced a premium drop to about $1.55 million; members raised transparency and market-access concerns and asked staff to return with options.
The Acadia Parish School Board spent an extended portion of its Dec. 9 meeting discussing options for property-insurance procurement and the district's relationship with its insurance agent.
An insurance-staff presenter described the district's current approach as "layered coverage," explained how the district's agent negotiates with multiple carriers, and said the board's agent produced a premium reduction last year of about $467,000 — lowering the annual premium from about $2,016,000 to about $1,549,000. The presenter also said…
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