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Troup ISD approves property and casualty insurance renewal with lower premium
Summary
The board approved Hibbs-Hallmark and Company's property and casualty insurance proposal for 2025'26; staff said the proposal is about $7,000 lower than last year while maintaining coverage.
Support Services staff told the board that market conditions produced lower premiums this year. The insurance proposal presented to the board was roughly $7,000 lower than the prior year for equivalent coverage, and Ty Lindsey moved to approve the Hibbs-Hallmark and Company proposal for property and casualty insurance for 2025'26. Todd Kelly seconded the motion and the board approved it 7'to'00.
Board members did not request changes to coverage during the action; the public minutes record the motion, second and unanimous vote. The approval allows the district to finalize the insurer for the coming fiscal year.
