Frazier board decides not to purchase terrorism insurance
PERRYOPOLIS – The Frazier School Board agreed Thursday not to purchase a $992 insurance premium for the rest of the school year for terrorism risk insurance. The coverage falls under the Terrorism Risk Insurance Act of 2002, which would automatically be reinstated on the school district’s insurance coverage for the 2003-2004 school year.
According to Indemnity Insurance Co., the district’s insurance carrier, the terrorism insurance would cover any act of terrorism, defined as any act certified by the secretary of the treasury, in conjunction with the secretary of state and the attorney general, to be violent or dangerous to human life, property or infrastructure.
Indemnity Insurance further stated that the in-force terrorism policy was effective from Nov. 26, 2002, until June 30; however, it was excluded in the policy for this year.
John H. Lowery, board president, said that since the terrorism insurance coverage would be included in next year’s policy, he didn’t feel it was necessary to add it now.
In an unrelated matter, the board also agreed to participate in the Utilities Cost Cutters program, in conjunction with Intermediate Unit I, at no cost to the district. Lowery said that in the program, a corporation that specializes in the review of utility bills would study the bills of both entities over the last 10 years and determine if they are consistent.
The savings would result in a 60-40 split between the district and intermediate unit. “Most school districts are doing it or have done it already,” said Tom Shetterly, Frazier business manager.
The school board also conducted the following business:
Agreed to donate 25 obsolete computers from the lab at Central Elementary School to the North Fayette Area Vocational-Technical School.
The computers will be used as a diagnostic tool for students.
Agreed for the Frazier Action Committee and the Best Friends Inc. to hold a talent show March 27 from 6 to 9 p.m. in the high school/middle school auditorium.