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Nyssa SD 26 reviews PACE insurance renewal as premiums rise about 18.5%
Summary
District staff presented the annual PACE renewal at a June 2 work session, saying the overall premium rose about 18.5% and highlighting new policy language that allows upfront ACV payments, a separate misconduct/abuse coverage line, and shared cyber limits across PACE participants.
Nyssa School District 26 board members examined their annual PACE insurance renewal at a June 2 work session, during which the district's presenter, Dallas, said the overall renewal reflected an 18.5% increase and walked trustees through specific coverage changes and limits.
Why it matters: The PACE pool provides the district's property, liability, auto and cyber coverage. Changes to coverage structure and limits affect the district's fiscal exposure and the premiums the board will be asked to approve at the regular meeting on Monday.
Dallas told the board PACE applied a 3.5% trend to structural and personal-property values this year and noted the district's properties were appraised…
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