Struggling Marysville schools dropped from insurance pool
MARYSVILLE — Next school year, the Marysville School District will lose membership in its risk management pool, a form of financial protection similar to insurance for losses like legal costs and property damage.
The board of the Washington Schools Risk Management Pool voted to drop the district in March. The termination of coverage takes effect at the end of August.
Leading up to the decision, the risk pool cited concerns including the district not keeping up its end of the bargain on a legal settlement, a recent steep rise in claims and poorly maintained buildings.
Now, the district expects to pay 30% more for insurance, according to the district’s financial plan.
https://www.heraldnet.com/news/struggling-marysville-schools-dropped-from-state-insurance-pool/