The Insurance Trust provides various insurance programs designed specifically for schools. Since its founding in 1971, the Trust has produced millions of dollars in direct cost savings to participating school entities, leading the way in school insurance.
During the late 1960s and early ’70s school directors across the commonwealth expressed concern that it was difficult to obtain responsibly priced insurance products with coverage specifically designed for schools. In addition, availability was a problem because of the unfavorable view insurance carriers took toward public entities that resulted from social unrest throughout the country.
In 1971, PSBA formed a common law trust known as the Pennsylvania School Boards Association Insurance Trust (“Insurance Trust”). Over the years, the Insurance Trust provided risk management and other services to PSBA members, and endorsed insurance products provided by various insurers.
In 2016 the Insurance Trust partnered with CM Regent Insurance Company to oversee coverage of Property and Liability, Workers’ Compensation, Privacy Protection, Owner-Controlled Insurance (PA only), Excess Liability, School Leaders Legal Liability. CM Regent Insurance Company and CM Regent Solutions, formerly School Boards Insurance Company and School Claims Services, are wholly owned subsidiaries of Church Mutual Insurance Company and are PSBA endorsed. By leveraging their parent company’s strengths and expertise, CM Regent Insurance Company and CM Regent Solutions will continue to provide protection choices to meet the unique needs of your school entity.
Today, the Insurance Trust offers PSBA members a select group of products to meet their unique needs. Find the complete list of PSBA Insurance Trust offered products here.
Board of Trustees
- Ms. Kathy Swope, Chair
- Mr. Nathan G. Mains, Managing Director and CEO
- Mr. Michael Faccinetto
- Dr. Richard Frerichs
- Mr. William LaCoff
- Mr. Mark B. Miller
- Ms. Marianne Neel
- Ms. Christina Griffiths, Board Secretary (nonvoting)