1. District Wide Insurance Update June 25, 2007

2. General Liability, Automobile, and Legal Liability Insurance July 1, 2007 – June 30, 2008 Current Insurance Rates General Liability $ 65,895 Automobile $ 82,046 Legal Liability$ 23,545 Total$171,486

3. General Liability No deductible No deductible $500,000 each occurrence $500,000 each occurrence $1,000,000 aggregate per location $1,000,000 aggregate per location

4. Automobile Liability $500 deductible per accident, except buses $500 deductible per accident, except buses $1,000 deductible per accident for buses $1,000 deductible per accident for buses $500,000 limit per occurrence $500,000 limit per occurrence

5. Legal Liability Also known as E&O for employees, staff members, member of the board of trustees for a wide variety of non- bodily/non-property damage claims against the school district. Also known as E&O for employees, staff members, member of the board of trustees for a wide variety of non- bodily/non-property damage claims against the school district.

6. Quotes Renewal from Stewart Sneed Hewes for Zurick and RSUI: $164,449 Second quote from SSH from United Standard: $177,235 MSBA P&C Trust: $184,868

7. Recommendation Recommend accepting renewal quote from Stewart Sneed Hewes with Zurick and RSUI for $164,449. This is a $7,037 decrease from last year’s premium. Recommend accepting renewal quote from Stewart Sneed Hewes with Zurick and RSUI for $164,449. This is a $7,037 decrease from last year’s premium.

8. Other Lines of Insurance Renewal Dates and Bid Schedule

9. Property Insurance Currently, our property insurance is with Stewart Sneed Hewes and underwritten by MWUA, Rockhill Wind, and North America Specialty. The District’s property is valued at approximately $181,512,915. Currently, our property insurance is with Stewart Sneed Hewes and underwritten by MWUA, Rockhill Wind, and North America Specialty. The District’s property is valued at approximately $181,512,915. Current premium: $1,428,375 Current premium: $1,428,375 Renews: 9/29/07 and 10/01/07 Renews: 9/29/07 and 10/01/07 Bids will be released: 7/16/07 Bids will be released: 7/16/07 Bids will be received: 8/13/07 Bids will be received: 8/13/07 Bids will be given to the Board: 8/27/07 Bids will be given to the Board: 8/27/07 Recommendation and action taken: 9/17/07 Recommendation and action taken: 9/17/07

10. Workers Compensation Currently, our Workers Compensation insurance is with the Mississippi School Boards Association Workers Compensation Trust. Currently, our Workers Compensation insurance is with the Mississippi School Boards Association Workers Compensation Trust. Current premium: $249,867 Current premium: $249,867 Renews: 10/01/07 Renews: 10/01/07 Bids will be released: 7/16/07 Bids will be released: 7/16/07 Bids will be received: 8/13/07 Bids will be received: 8/13/07 Bids will be given to the Board: 8/27/07 Bids will be given to the Board: 8/27/07 Recommendation and action taken: 9/17/07 Recommendation and action taken: 9/17/07

11. Crime Policy Currently, our Crime Policy is with Stewart Sneed Hewes and underwritten by Fidelity & Deposit. Currently, our Crime Policy is with Stewart Sneed Hewes and underwritten by Fidelity & Deposit. Current premium: $2,773 Current premium: $2,773 Renews: 10/01/07 Renews: 10/01/07 Bids will be released: 7/16/07 Bids will be released: 7/16/07 Bids will be received: 8/13/07 Bids will be received: 8/13/07 Bids will be given to the Board: 8/27/07 Bids will be given to the Board: 8/27/07 Recommendation and action taken: 9/17/07 Recommendation and action taken: 9/17/07

12. Public Official Policy Currently, our Public Official Bonds are with Stewart Sneed Hewes and underwritten by Hartford and Fidelity & Deposit. Currently, our Public Official Bonds are with Stewart Sneed Hewes and underwritten by Hartford and Fidelity & Deposit. Current premium: $3,825 Current premium: $3,825 Renews: 1/9/08 Renews: 1/9/08 Quotes will be received: 11/19/07 Quotes will be received: 11/19/07 Recommendation and action taken: 12/10/07 Recommendation and action taken: 12/10/07

13. Property Insurance for Modular Units Currently, our Property Policy is with Stewart Sneed Hewes and underwritten by MWUA. The District’s modular property is valued at approximately $9,441,703. Currently, our Property Policy is with Stewart Sneed Hewes and underwritten by MWUA. The District’s modular property is valued at approximately $9,441,703. Current premium: $47,027 Current premium: $47,027 Renews: 03/15/08 Renews: 03/15/08 Bids will be released: 1/08 Bids will be released: 1/08 Bids will be received: 2/08 Bids will be received: 2/08

14. Flood Insurance We have 53 locations covered with Flood insurance through NFIP. We have 53 locations covered with Flood insurance through NFIP. Current premium: $64,712 Current premium: $64,712 Renews: 06/08 Renews: 06/08 Bids will be released: 04/08 Bids will be released: 04/08 Bids will be received: 05/08 Bids will be received: 05/08 Recommendation and Board action: 06/08 Recommendation and Board action: 06/08