[SchoolFinance] Insurance

[Barbara Grindle]

We had the same experience Hollis.  They under-bid MSMA so the first year
was cheaper but have gone up each year since.  We've had some minor
additions throughout those years but also took off a small school this
year.   I've asked for an estimate for my budget for next year and they
said it would be around 10%.   I will be going out to bid next year.

Good luck.

Barb


Fiscal Year Carrier  Premium   $ Increase  % Increase
2026 Cross/Liberty Mutual  $                        129,485.00  $  16,454.00
14%
2025 Cross/Liberty Mutual  $                        113,031.00  $  14,251.00
14%
2024 Cross/Liberty Mutual  $                          98,780.00  $
21,164.00 27%
2023 Cross/Liberty Mutual  $                          77,616.00  $
-16,706.00  -21%
2022 MSMA  $                          94,322.00







On Fri, Feb 6, 2026 at 11:25 AM Krol, Gabrielle <gabrielle.krol at msad52.org>
wrote:

> 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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>>
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-- 
Business Manager
RSU#34
Alton, Bradley and Old Town
207-827-7171 x 3
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