The MSBA Insurance Trust (MSBAIT) was established by the Minnesota School Boards Association (MSBA) as a nonprofit vehicle. MSBAIT's purpose was — and continues to be — “to provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.”
In 1972, MSBAIT offered only an endorsed property/casualty insurance plan for its members (endorsing Cigna/INA as the carrier). However, over the years, MSBAIT’s various Boards of Trustees listened to MSBA members, wisely judged the insurance climate and marketplace, and modified MSBAIT’s offerings as follows.
While MSBAIT does not solicit, sell, or negotiate insurance products or services, it does provide resources to MSBA members to help them and their insurance agents assess members’ risk management needs and concerns.
MSBA Executive Director Kirk Schneidawind signs endorsement deal with Marsh & McLennan Agency in July 2016.