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Gatesville ISD renews PCAT property and casualty coverage amid 25% premium increase
Summary
The district renewed Property Casualty Alliance of Texas coverage for 2024–25; premiums rise by $113,114 (25.37%) to $559,017. The board approved renewing PCAT for year 3 of a three-year plan.
Chief Financial Officer Darrell Frazier reported that the district's Property & Casualty Insurance renewal from Property Casualty Alliance of Texas (PCAT) would increase costs by $113,114 (25.37%) to a total of $559,017 for 2024–25. He recommended renewing PCAT for year three of the district's existing three-year plan.
The board approved the recommendation on a motion by Loyd Hopson, seconded by Charles Alderson. The motion passed with six votes in favor and one absence; no votes opposed.
