Edina Public Schools participates in the Minnesota Insurance Scholastic Trust (MIST), a self-insurance cooperative for property, casualty, liability, and cyber coverage, initially joined in 2015. For the July 1, 2026–June 30, 2027 period, the district’s total program contribution on a maximum cost basis is projected at $1,099,030, a 13.75% decrease from the prior year and significantly better than the 12.5% increase that had been assumed during early budget work. The cost comparison shows detailed line items for package premiums, excess property, cyber, pollution liability, loss fund, claims administration, and administrative fees, all based on updated total insurable values of about $725 million and 9,000 students. While this confirms MIST’s strong incumbent position for the near term, it also reveals the district’s risk profile, coverage scope, and budget expectations for property and cyber risk, which can be used by brokers, carriers, and cyber/security vendors to time outreach and propose enhancements such as cyber risk assessments, resilience planning, or targeted coverage reviews.

MIST structure includes pooling of total insurable values, loss fund, and potential return of unused...