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Elgin council accepts insurance renewal proposals as premiums rise; excess layers shift among carriers
Summary
Council accepted a set of insurance renewal proposals that shift excess liability layers across multiple carriers and reflect higher premiums this year; staff said the city's total insurance renewal reflects a significant year-over-year increase.
The City of Elgin accepted proposals Sept. 24 for liability, excess liability, workers' compensation and related coverages for the 10/01/2025 to 09/30/2026 policy year after staff and risk consultants negotiated updated terms with carriers.
City staff said market conditions have made excess liability coverage harder to place, requiring multiple carriers for layered protection. Kelly Wasilewski, the city's risk manager, and city staff briefed council members during committee-of-the-whole and the final resolution enumerated premiums and layers.
Proposals accepted (as…
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