News Column

Alabama Risk Management for Schools is Now Alabama Trust for Boards of Education

August 18, 2014



MONTGOMERY, Ala., Aug. 18 -- The Alabama Association of School Boards issued the following news release:

The AASB Board of Directors recently approved changing the name of its self-insured risk management trust from Alabama Risk Management for Schools to Alabama Trust for Boards of Education (https://eboard.eboardsolutions.com/News/DetailNews.aspx?S=70061&NID=813&NTID=1). ATBE was chosen to emphasize that AASB risk management Funds are focused on AASB member boards of education and to help distinguish ATBE Funds from the Educators Liability Trust Fund mandated and established by the state Legislature to provide liability coverage to board of education employees, which is administered by the state Department of Education and the state Department of Finance, Division of Risk Management.

Please remember that ATBE is the new ARMS and both ATBE Funds (GL/EO Liability Fund and Automobile Fund) continue to provide the cost efficient, specialized coverages for Alabama boards of education that you have come to expect as an AASB membership benefit.

For more than 30 years ATBE, a member-owned, member-governed, tax-exempt, not-for-profit trust has offered AASB members risk management alternatives based upon the principles of savings, security, and simplicity. The ATBE General Liability/Errors and Omissions Liability Fund allows participating boards to self-insure selected risk exposures of the board, members of the board, and when sued only in their official capacity the board's superintendent. The ATBE Automobile Fund allows boards to self-insure selected Automobile Liability and Automobile Physical Damage exposures.

[Category: Education]

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