MCIT Consultant Richard Meehee Updates Stevens County on Risk Management Strategies

During the Stevens County Board of Commissioners regular meeting on September 2, 2025, significant discussions centered around risk management and insurance coverage for the county, led by Richard Meehee from the Minnesota Counties Intergovernmental Trust (MCIT). The meeting highlighted the importance of proactive engagement in risk management to better serve the community.

Meehee provided an overview of MCIT, emphasizing that it is not a traditional insurance company but rather a cooperative that pools resources from its members to manage risks and claims. With 81 of Minnesota's 87 counties as members, MCIT aims to provide robust risk management services while maintaining financial prudence. He noted that Stevens County has been a member for 40 years, showcasing a long-standing partnership.

A key point of discussion was the rising costs of reinsurance, which have prompted MCIT to adjust its coverage strategies. By increasing the retention levels for claims, the organization aims to keep premium costs manageable for its members. Meehee explained that while the overall rates will remain stable for 2026, individual contributions may vary based on the county's specific needs, such as increased staffing or assets.

The meeting also addressed the growing concern of cyber and data claims. Although the frequency of these claims has risen, Meehee reported a decrease in their severity, indicating some success in managing these risks. This topic is particularly relevant as local governments increasingly rely on technology and face potential vulnerabilities.

In conclusion, the discussions at the meeting underscored the importance of risk management in safeguarding Stevens County's resources and ensuring the community's needs are met. The board's commitment to proactive engagement with MCIT reflects a strategic approach to managing risks and maintaining financial stability for the benefit of all residents.