Prairie State Insurance Cooperative Tops 140 School Districts

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The Prairie State Insurance Cooperative (PSIC), a protected, self-insurance risk management program offering insurance coverage to Illinois school districts, is pleased to announce the PSIC has grown to include 141 Illinois school districts. Member contributions to the program are valued at more than $11.5 million.

We are still growing, but looking to add Illinois school districts that share our commitment to school safety, active risk management and have a successful, long-term track record

Established to respond to the needs of school districts, the PSIC program writes property and liability insurance, workers compensation coverage, school board liability, student accident coverage, pollution coverage, and treasurers bonds. Since 2006, ARM of Illinois has been offering the PSIC plan to Illinois public school districts. Now at 141 members, the program has become a model for self-administration of insurance and risk management for public schools. The program is administered by Arthur J. Gallagher & Co.

Bob McDermott, Chairperson of the PSIC states, "The PSIC has become a more mature program in the last few years. We are still growing, but looking to add Illinois school districts that share our commitment to school safety, active risk management and have a successful, long-term track record.”

Bob Pegg, PSIC Marketing Director adds, “We continue to market the PSIC as the most comprehensive package of insurance coverage and risk management solutions available to Illinois school districts. The PSIC has added 16 additional districts since this time last year while maintaining a watchful eye on our underwriting results. I think the current PSIC members appreciate our approach, and the new districts understand the long term value we bring to their district.”

About Prairie State Insurance Cooperative:
The Prairie State Insurance Cooperative (PSIC) is a protected, self-insurance risk management program that gives districts long-term stability in premiums, as well as broader coverages and increased limits. A specialized insurance & risk management program for public school districts in North, Northwest, Central and Southern Illinois, the PSIC offers several property, liability, and employee- and student-related coverage options. The program is administered by Arthur J. Gallagher Risk Management Services, Inc.

About ARM of Illinois:
ARM of Illinois is the regional membership association serving member agencies in the state of Illinois, and is part of the national association of ARM. ARM of Illinois is the sole distribution network for the Prairie State Insurance Cooperative.

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Robert Pegg
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