[SchoolFinance] Insurance

[Hollis Cobb]

Hello,

Gorham changed from MMA to Cross Insurance/Liberty Mutual in 2018 and have
seen pretty significant increases ever since.    I noted two years with
large increases due to additional square footage through a school expansion
project.

One of the things I miss the most is MMA always held the premium rate
during a year, even if we added insured value during the year.   They would
adjust for it in the next year, but never in the middle of the year.   That
is not the case now as I get adjustment invoices throughout the year when a
change is made.   Good luck, I hope this helps.


Fiscal Year Carrier  Premium   $ Increase  % Increase
2026 Cross/Liberty Mutual  $                        269,428.00  $
14,582.00 6%
2025 Cross/Liberty Mutual  $                        254,846.00  $
43,319.00 20% *Elementary school expansion
2024 Cross/Liberty Mutual  $                        211,527.00  $
58,116.00 38% *Elementary school expansion
2023 Cross/Liberty Mutual  $                        153,411.00  $
25,832.00 20%
2022 Cross/Liberty Mutual  $                        127,579.00  $
23,703.00 23%
2021 Cross/Liberty Mutual  $                        103,876.00  $
13,317.00 15%
2020 Cross/Liberty Mutual  $                          90,559.00  $
3,716.00 4%
2019 Cross/Liberty Mutual  $                          86,843.00  $
19,843.00 30%
2018 MMA  $                          67,000.00

    Cumulative 9 year increase  $202,428.00 302%

The numbers speak for themselves.  Good luck, I hope this helps!

Hollis Cobb, Business Manager
Gorham School Department
75 South Street, Suite #2
Gorham, ME 04038
207-222-1003


On Fri, Feb 6, 2026 at 10:04 AM Krol, Gabrielle <gabrielle.krol at msad52.org>
wrote:

> Good Morning,
>
> I am sending this out one more time in hopes of getting a few more
> responses for information to take back to my board.
>
> Our board is interested in understanding which districts have switched
> from or to MSMA for insurance over the last several years and what the
> increase or decrease in your premiums has been as a result.  They are
> interested in learning that if the change has resulted in lower costs
> regardless of the company you have switched to/from. Also, any pros/cons
> you are willing to share.
>
> I am hoping to get the name of your carrier and what that overall
> increase/decrease was.
>
> Hope everyone has a wonderful weekend!
>
> On Tue, Jan 27, 2026 at 7:41 AM Krol, Gabrielle <gabrielle.krol at msad52.org>
> wrote:
>
>> Good Afternoon,
>>
>> Our board is interested in understanding which districts have switched
>> from or to MSMA for insurance over the last several years and what the
>> increase or decrease in your premiums has been as a result.  They are
>> interested in learning that if the change has resulted in lower costs
>> regardless of the company you have switched to/from. Also, any pros/cons
>> you are willing to share.
>>
>> I am hoping to get the name of your carrier and what that overall
>> increase/decrease was.
>>
>> I appreciate your time with this- insurance is a heavy lift for our
>> districts and the time it takes to go to bid is quite a commitment.
>>
>> We have been extremely happy with our insurance with MSMA, however the
>> board does not work directly with them so they want to make sure the cost
>> is appropriate.
>>
>> Thanks so much!
>> Gabby
>>
>>
>> --
>> Gabrielle Krol
>> Business Manager
>> MSAD 52
>> 486 Turner Center Road
>> Turner, ME 04282
>> 207-225-1006
>>
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