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Board of Trustees Authorizes Property Insurance Purchase


Contact:Eric Jome

Illinois State University’s Board of Trustees today authorized the University to purchase property insurance for FY2014 from the Lexington Insurance Company, at a premium not to exceed $530,000.

Illinois State owns and maintains property valued at approximately $1.4 billion. Through its membership in the Midwestern Higher Education Compact the University is able to purchase coverage from Lexington Insurance Company, through the insurance broker Marsh USA, Inc.

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