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Bossier Parish School Board restores $500 million property limit, insurer offers extra $100M for $63,000
Summary
After a market-improvement presentation, the board approved returning the districtto a $500 million total property-insurance limit and accepted additional coverages including a doubled ordinance/law limit and active-assailant/terrorism protections.
Bossier Parish School Board members voted Feb. 5 to accept an expanded excess property-insurance option, restoring the districtto a $500 million total limit and adding coverages the administration said will help if rebuilding must meet newer code requirements.
Doug Rogers of Risk Pros told the board market conditions have improved and the districthas secured a 12.5% rate decrease while increasing insured values about 7.5%.…
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