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Board approves new property and casualty agent with guaranteed dividend baseline
Summary
The board approved switching property and casualty insurance to Vyzeance; presenter Nick Baloney explained a revised workers' compensation dividend structure that guarantees a baseline budgetable return and incentives to reduce claims.
The Wilmot UHS School District board voted to change its property and casualty insurance agent to Vyzeance for the 2025–26 school year after a presentation from local risk manager Nick Baloney.
Baloney outlined the proposed workers’ compensation structure, which replaces the district’s previous variable dividend slider with a mix of a flat guaranteed dividend and a variable component. He said the change was designed to provide the district with a…
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