Lumberton ISD authorizes three-year renewal with PCAT to lock in lower rates
August 28, 2026 | LUMBERTON ISD, School Districts, Texas
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The Lumberton ISD Board of Trustees authorized an early three-year renewal of its Interlocal Agreement with the Property Casualty Alliance of Texas (PCAT) covering 2026-2027 through 2028-2029. Trustee Margaret Cruse moved the renewal, citing decreased rates for 2026-2027 and saying early renewal would protect the district from potential rate increases if a severe loss occurred during the year. Trustee Kimberly Olexa seconded; the board approved the motion unanimously (A-6, N-0).
The board emphasized fiscal prudence in securing current rates and avoiding exposure to post-loss rate increases. The action authorizes district staff to complete the renewal process with PCAT under the terms discussed in the board materials.
The board emphasized fiscal prudence in securing current rates and avoiding exposure to post-loss rate increases. The action authorizes district staff to complete the renewal process with PCAT under the terms discussed in the board materials.
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