06-14-2011 Regular School Board Meeting
Agenda Item #15


Title
Renew the School Board's Casualty Insurance Policies

Discussion
The actual rate for the district's casualty insurance policies will be presented as soon as negotiations with the insurance carriers are completed. The total premium charge for policies commencing on July 1, 2010 was $600,436. We anticipate renewal for these policies will range between $600,436 to $640,542. We anticipate that the casualty related policies will require the district to carry similar deductible terms as last year.

Recommendation
To grant the Superintendent authority to bind the School Board's Casualty insurance policies in an amount not to exceed $640,542 on or before July 1, 2011.

Meeting Date(s)
Consent w/o Information - 6/14/2011

Authority for Action
Board Policy 8710

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Operating - Other

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
11/12UndeterminedYes10098550011647900323000
11/12UndeterminedYes10098550011647900324000
11/12UndeterminedYes71398550010027760779000

Contact

Mark D. Langdorf, Director, Office Of Risk Management, Ext. 620
Judy Preston, Associate Superintendent of Financial Services, Ext. 600




Attachment:  Casualty Insurance Renewal Projection.pdf