Prairie State Insurance Cooperative, an insurance and risk-management program for public schools in Illinois, recently announced an equity return to members of $1.2 million.
Created in 2006, PSIC has 211 member districts. The program offers stability, broader coverages and increased limits to members through a risk-sharing pool. Robert McDermott, chairman of PSIC, was able to announce the return due to the program's profitable management.
— The Southern