AAPS Renews Insurance
The Ann Arbor Public School board voted to approve the district’s liability insurance renewal at its March 13, 2013 meeting. For the past couple of months, the district’s insurance agent, The Hyland Group, has been bidding out the district’s liability insurance in anticipation of a Feb. 1, 2013 renewal. Several insurance carriers for property and casualty were contacted and responded, but the district’s best option for renewal was to stay with its current carriers, according to a district memo. Those carriers include: Affiliated FM for buildings and property; Zurich for general liability, crime, auto; Ace for lawyers liability; and Selective for flood insurance.
The district’s final liability insurance premium will be $716,476. The renewal premium reflects an overall increase of 5.9%, … [Full Story]