Robert McDermott, the business manager for the Rochester School District Community School District Number 3A and chairman of the Prairie State Insurance Cooperative, recently announced an equity return to members of $709,360.
The return includes monies for property/casualty policy years 2006-07, 2011-12, 2012-13, and 2013-14. PSIC is a full-service insurance and risk management program offered to public schools in Illinois.
Now at 192 members, PSIC expects to exceed 200 members in 2018. Local districts that are receiving an equity return are Ashley CCSD, Career Center of Southern Illinois, Century CUSD, Chester CUSD, Coulterville SD, Dongola SD, Dupo CUSD, Elverado CUSD, Five County Regional Vocational System, Freeburg CCSD, Freeburg CHSD, Irvington CCSD, JAMP Special Education District, Joppa-Maple Grove CUSD, Lick Creek CSD, Millstadt CCSD, Mt. Vernon THSD, Oakdale CCSD, Perandoe Special Education District, Pinckneyville CCSD 204, Pinckneyville HSD, Pope County CUSD, Prairie DuRocher SD, Red Bud CUSD, Sparta CUSD, Steeleville CUSD, Tamaroa GSD, Thompsonville CUSD, Trico CUSD, Valmeyer CUSD, and Vienna HSD.
-- The Southern