Brevard School District special meeting, date not confirmed yet
15 min · 0 public speakers
This board doesn’t post agenda times. Click a board member to jump to where they first speak; we list only members whose voice our check named. Video length 15 min.
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What happened
What happened at this meeting
Board weighs renewal of property, boiler machinery and terrorism sabotage insurance policies 1:27
- The board took up an action item on renewal of the district's property, boiler machinery and terrorism sabotage insurance policies. 1:08
- One board member said renewals were reaching the board at the last minute and said a preference for receiving them 60 days before they renew. 1:59
- A speaker described how the district's coverage was placed through wholesale brokers in the non-standard market, and another speaker said the district saved roughly $1.3 million. 4:57
- A roll call was requested on the motion, and no result was stated before the meeting was concluded. 14:29
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Item by item (5)
- Opening and agenda adoption 0:00
- Public comment 1:08
- The board was told no public comment speakers had been received, and no one came forward. 1:08
- Insurance renewal timing 1:08
- One board member said the board was about 2 days from the policy expiring and said a preference for getting renewals 60 days before they renew, adding that saving $1.3 million made the timing acceptable. 1:59
- A speaker said the board had wanted such contracts at least 45 days ahead of time under its procurement policies. 2:54
- A staff member said process improvements were possible and that staff would work on them. 4:21
- Broker structure and commissions 4:30
- A speaker said the non-standard insurance market is reached only through wholesalers and that there were 24 market participants on the program last year and 27 this year. 6:28
- The speaker said the retailer makes 3% and nets about 1.5%, while the wholesale brokers are capped at 4%. 9:45
- A speaker said the minimum earned premium was 35%, with a hurricane minimum earned applying after June 1st. 10:40
- Cost reductions and motion 11:53
- A speaker asked how the savings of roughly $1.3 million came about, and the response cited quotes of 8.96 on March 5th, 7.6 on March 26th and a current 6.7, or 23 cents per square foot. 11:53
- A speaker said prices could be obtained 45 days in advance but the same result could not be guaranteed. 14:02
- A roll call on the motion was requested before the meeting was concluded. 14:29
Written by software from the meeting's transcript and checked sentence by sentence against it.
Other meetings
Other meetings of this board
Video: posted by the district as “Special Board Meeting 4-23-26”