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Sarasota schools recommend boosting property insurance limit to $100 million as premiums fall
Summary
District staff told the school board on April 7 that a softened insurance market offers two renewal options: keep a $75 million layer (15% premium decrease) or expand to a $100 million fully insured layer (6% decrease). Superintendent Connor said he will present a recommendation to increase limits to $100 million.
Superintendent Mark Connor said the district will recommend increasing its property insurance program from a $75 million limit to a $100 million fully insured layer after staff reported a softer 2026 market.
The district’s risk management team, led by Lynn Peterson, and benefits consultant Ashley Remodca told the board that market capacity improvements and a calm hurricane outlook are producing composite rate reductions estimated between 12% and 20 percent for 2026. Two renewal options were presented: retain the expiring $75 million program with a projected 15%…
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