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Board hears insurance renewal briefing; staff to secure firm quotes
Summary
An insurance broker told the St. Martin Parish Schools board that overall premiums are roughly $10,000 lower than last year but that auto liability remains the main cost driver; the board agreed to let staff obtain firm quotes and return final figures next month.
St. Martin Parish Schools board members on March 7 heard a detailed presentation on the district's insurance renewals and instructed staff to secure firm quotes before finalizing coverage.
The speaker identified in the record as the presenter reviewed drivers of the district's insurance costs, saying the auto-liability loss ratio had been about 190% in a prior year and had fallen to about 123% as older years…
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