Staff flags large liability and risk-pool increases tied to lawsuits
Finance staff showed risk-pool renewals and said liability reinsurance has surged (presenter cited a 239% increase), driven in part by large awards in certain lawsuits; staff warned this has accelerated county insurance costs for 2027.
The full story
Presenter (Speaker 3) said the county's risk pool renewals through 2019 to 2027 show a large rise in liability reinsurance pricing and attributed much of the increase to outsized awards in litigation, including cases tied to corrections liabilities. "You can see a 239% increase," Speaker 3 said when walking through the stacked graph of liability costs.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in