Success Stories

Case Studies

New Plan Addresses Unique Insurance Needs of Technology Centers

The Situation

Adverse weather and onerous litigation had led to a steady increase in insurance rates for state educational institutions. Many insurers implemented significant rate increases or withdrew from the market completely. School districts were forced to reduce or eliminate valuable insurance extensions they could no longer afford.

The INSURICA Solution

INSURICA approached representatives of the career technology centers and suggested they sponsor and endorse a specially designed insurance program available only to their members. The plan would address the very unique insurance needs of technology centers and the poor experience of other school districts would be used as a rating factor.

The INSURICA Experience

INSURICA contracted with various carriers to underwrite the program, which, upon implementation, immediately reduced the insurance cost of member schools by 25%.