Lake Local Schools to receive $19.1M from insurance company - News, Weather, Sports, Toledo, OH

Lake Local Schools to receive $19.1M from insurance company

Posted by Nick Dutton - email

MILLBURY, OH (WTOL) - Lake Local Schools and their insurance company have come to an partial agreement after the district's high school was severely damaged by a tornado in June.

Travelers Insurance announced Thursday it will pay $19.1 million to the district.

The sticking point was that the insurance company maintained a portion of this school could be salvaged, but now the entire school will be torn down within the next two months.

However, both parties are still negotiating for the rest of the $10 million, which is part of the claim that would cover school furniture and other supplies.

Leaders say the new high school is expected to open in time for the fall 2012 school year.

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