The St. Landry Parish School Board has voted to begin receiving quotes for the Louisiana district’s property, casualty and liability insurance coverage.
The Advocate reports board attorney Gerard Caswell recommended Wednesday that school system officials request paying the insurance premiums incrementally rather than in one annual payment during negotiations with prospective companies.
At last month’s meeting, the board implemented short-term and long-term cost reductions plans to help offset a projected $4 million general fund deficit by July. At Wednesday’s meeting, acting Superintendent Joseph Cassimere said the district’s insurance policies expire June 30.
The district has its property, casualty, workman’s compensation and liability coverage with the Dupre, Carriere and Godchaux Insurance Agency from Opelousas.
Caswell said under Louisiana public bid laws, the district is not obligated to obtain bids.
Was this article valuable?
Here are more articles you may enjoy.
Meta Settles School Suit Over Social Media, Averting First Trial 
Wall Street Watchdogs Pause Some Cyber Exams After Mythos Shock 
‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco 
New York Homes Most Exposed to Hurricane Risk, Beating Miami 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.