The overview
District officials are recommending the board award the 2026-27 property insurance to Houston-based firm Arthur J. Gallagher Insurance, according to district documents.
If approved, the estimated premium would decrease by nearly $430,000, as the district’s premium cost for fiscal year 2025-26 was over $5.875 million, according to district documents.
Diving in deeper
The reduction is due to a $0.015 decrease in the property insurance rate, which will decrease from $0.267 to $0.25 per $100 of total insured value, or TIV.
AISD’s TIV is decreasing by over 0.8% due to Walt Disney Elementary no longer needing to be insured, district documents note.
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Stay tuned
AISD’s trustees will meet for a special meeting at 5:30 p.m. June 23 at the Tommy King Administration Building, located at 301 E. House St., Alvin.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.