Boyle County Board of Education is taking a look at going into the insurance business.
Rick Dear, the district's financial officer, presented a proposal to the board Thursday night through which the district, in conjunction with seven other districts in the state, would study the formation of a consortium to self-insure themselves for fleet, property and professional liability policies.
"Insurance rates keep going up and up and up, and there's no end in sight," said Dear. "Every school in the state is looking hard at ways to be more efficient in budgeting, and one of the big X factors is insurance."
Dear merely solicited the board's permission to further investigate the premise, but said he would like to move fast on the fact-finding portion.