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Committee backs $1.72M property insurance renewal that raises named‑storm blanket limit
Summary
The committee recommended board approval of a USI Insurance Services renewal with $55 million per‑occurrence limits and a $20 million named‑storm blanket limit, effective April 27, 2026; one board member pressed staff for a detailed premium and fee breakdown before approval.
The committee recommended that the board accept USI Insurance Services' renewal offer that provides $55,000,000 limits per occurrence and a $20,000,000 blanket limit for named storms, effective April 27, 2026, with an annual premium of $1,723,314.
USI representatives and the district's broker presented three options and recommended the blanket form that increases named‑storm coverage while…
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