Beginning with the 2025-26 school year, superintendents and school boards will learn to adjust to a new system of property and casualty insurance.

It's called SCIP for short. That stands for the State Captive Insurance Program that was created by legislation enacted earlier this year in Act 779 to create a new Office of Property Risk, which will manage insurance for schools, institutions of higher education and state-owned property.

Legislative sponsors, school administrators and officials at the state Insurance Department spent a long time writing the bill, and since its passage they have worked long days transitioning to the new system.

Severe weather events and damage they cause were the driving force behind Act 779, and its companion measure, Act 560. Dramatic increases in the cost........

© El Dorado News Times