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LaSalle County reviews insurance reserves, reinsurance estimate amid budget timing concerns
Summary
County staff and consultants reviewed September financials showing modest reserve changes and discussed timing for final reinsurance premium figures needed for the county’s November budget approval.
LaSalle County staff and outside consultants reported small net changes to insurance reserves and pressed for earlier delivery of final reinsurance premium figures needed for the county’s November budget process.
County staff presented a financial report showing a net negative variance of $652 for the month, inclusive of the IPMG amount, and flagged two requisitions to be handled at month-end. Property-casualty incurred amounts showed a roughly $58,000 reduction across policy years; work-compensation incurred totals rose in parts of the schedule, producing a net increase of about $45,700 for the work-compensation lines. Overall all-coverages reported an approximate…
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