Factors include inflation, the large number of claims filed, and increasing exposure to damaging storms.
The Trustees for the Mississippi Institutions of Higher Learning (IHL) were informed during May’s meeting that the cost to insure the state’s public university system is increasing, along with deductibles.
Several factors are at play in the hike, such as inflation, an increase in the number of claims filed by IHL, and the recent escalation in the region’s exposure to various kinds of weather-related damage.
