06-28-2012 Special School Board Meeting
Agenda Item #7


Title
Renew the 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, 2011 was $595,186. We anticipate renewal for these policies will range between $584,000 to $635,500. We anticipate that the casualty realted 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 $635,500. on or before July 1, 2012.



Meeting Date(s)
Information - 6/12/2012
Consent after Information6/28/2012

Authority for Action
Board Policy 8710, DOE Rule 6A-1.012(15)

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Operating - Other

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
12/13UndeterminedYes10098550011647900323000
12/13UndeterminedYes10098550011647900324000
12/13UndeterminedYes10098550010027760779000

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


Attachment:  2012-13 Casualty Insurance Cost Projection.pdf