Anchorage School District earthquake damage could approach $50 million - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 12, 2018 Newswires
Share
Share
Post
Email

Anchorage School District earthquake damage could approach $50 million

Alaska Dispatch News

Dec. 12--It could cost between $25 million and $50 million to return the Anchorage School District to the condition it was in before the Nov. 30 earthquake, according to the district's initial estimates.

The preliminary cost estimates include everything from repairing major damage such as crumbling walls to cleaning up flooding to buying trash bags to replacing classroom materials such as computers, said Jim Anderson, district chief financial officer.

Anderson underscored that the estimates were the district's best guess as of Tuesday and based on projections. While preliminary, the estimates provide a sense of the extent of quake-related repairs, clean up and replacements at the state's largest school district.

"It's really just an estimate right now because there's so much information we don't have," Anderson said.

Costs will become more clear throughout the month as the school district receives itemized bills from the 11 contractors it hired in the wake of the earthquake and as crews continue to assess damage at the district's 92 buildings from Chugiak to Girdwood. The buildings have a combined floor space of 7.8 million square feet.

"We know there's going to be more damage we just don't know what it is yet," Anderson said. "Hopefully we'll have a better, more accurate list by the end of this semester."

A big question that remains: How much will it cost to repair Gruening Middle School in Eagle River and Eagle River Elementary School? The district decided to close both of the schools for the rest of the school year because of extensive quake damage. Detailed structural assessments of the two schools aren't yet complete, Anderson said.

"We're very confident Gruening can be recovered," he said. "We're not positive about Eagle River Elementary at this stage."

It can cost anywhere from $28 million to $35 million to build a new elementary school, he said.

The school district expects the Federal Emergency Management Agency and the State of Alaska to cover a majority of the district's earthquake recovery costs, Anderson said. The district submitted an initial, projected cost estimate to the state on Tuesday: $25 million to $50 million, he said.

Aside from Gruening and Eagle River Elementary, the next three Anchorage-area schools with the most expensive earthquake-related repairs, replacements and clean ups are projected to be: Chugiak High School, Eagle River High School and Fire Lake Elementary School in Eagle River.

It's projected to cost at least $1 million to return each of the three schools to their pre-earthquake condition, Anderson said.

The school district doesn't have earthquake insurance, Anderson said. It does, however, have insurance that covers fire and water damage, including from sprinklers. The policy has a $100,000 deductible.

"Within our buildings we had lots of sprinkler systems collapse or break or go off," Anderson said. "So all of that damage is covered by our insurance."

The cost of that damage was also still being calculated by Tuesday.

"It will certainly be more than $2 million worth of water damage," Anderson said.

The magnitude 7.0 earthquake that jolted the region at 8:29 a.m. on Nov. 30 damaged every single Anchorage public school to some degree, the district has said. The district closed schools the following week. Anderson said crews worked "crazy, crazy hours" to repair and clean the buildings. The thousands of aftershocks haven't helped.

"Every time there's a decent-sized aftershock, another pipe starts leaking or something happens," Anderson said.

Anderson praised the work of teachers, staff, contractors and volunteers to ready the schools for students. Tens of thousands of Anchorage students returned to school on Monday. As classes resume, Anderson said, teachers, staff and students will likely find additional quake-related damage. Contractors and district employees may not have tried to flush every toilet or turn on every computer before schools reopened.

"You have to get through 92 buildings in seven days," he said.

During the upcoming winter break, crews are expected to do a "deep dive" into the district's buildings, including looking behind walls in schools with water damage, Anderson said.

"Christmas break really is that behind-the-scenes look at the next level of work," he said.

___

(c)2018 the Alaska Dispatch News (Anchorage, Alaska)

Visit the Alaska Dispatch News (Anchorage, Alaska) at www.adn.com

Distributed by Tribune Content Agency, LLC.

Older

Limo-inspection bills aim to close loopholes after fatal wreck

Newer

Wildfire Recovery Attorneys Announce 250 New Plaintiffs File Suit Against PG&E for Its Role in Causing Deadly Camp Fire

Advisor News

  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
More Advisor News

Annuity News

  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
  • A client remarried: Does their annuity still fit?
More Annuity News

Health/Employee Benefits News

  • UnitedHealth posts $4B profit in comeback from financial spiral
  • UnitedHealth beats Q3 expectations, hikes 2026 guidance
  • What 70% doesn’t tell you
  • Blue Cross faces Michigan lawsuit over alleged monopoly and pricing practices
  • SMH, UnitedHealthcare wrangle over coverage
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • How life insurance can solve problems unique to HNW clients
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • BILTIR conference draws more than 750 insurance leaders to Bermuda
  • Death and taxes: How the right analysis for life insurance changes the picture
  • Life insurance applications rise 15.2% in September, MIB reports
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.