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Highlands board approves Conveyors stop-loss recommendation after steep renewal quotes from incumbent carriers
Summary
At a special meeting the Highlands School Board approved a one-year stop-loss insurance contract recommended by Fleet with Conveyors, citing lower renewal cost than other bidders; approval is conditioned on attorney review of the final contract.
The Highlands School Board voted to accept Fleet’s recommendation to contract with Conveyors for one year of stop-loss insurance, approving the selection with the condition that the district attorney review the final contract.
Deputy Superintendent Andrew Leftbridge briefed the board on the renewal bids and framed the decision as time-sensitive, saying, "we do need stop loss in place by 1 1." He described stop loss as "almost a type of insurance on insurance," explaining the proposals include a $500,000 specific deductible plus a one-time $250,000 aggregate specific claim liability.
Leftbridge present…
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