[SchoolFinance] Insurance

[Krol, Gabrielle]

This is AMAZING information and quite helpful.

On Fri, Feb 6, 2026 at 11:23 AM Hollis Cobb <hollis.cobb at gorhamschools.org>
wrote:

> 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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