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Bridgeport council approves city employee insurance renewal after steep claims history
Summary
The City of Bridgeport approved a package of health, dental, vision, life and disability insurance for fiscal year 2025–26 after staff and a benefits broker negotiated reduced renewal increases despite multi-year high claims.
The City of Bridgeport on Aug. 4 approved purchase of health, dental, vision, life, accidental death and disability insurance for fiscal year 2025–26 as negotiated by Stevens, Bastion and Cartwright, SBC, with coverage provided through Blue Cross Blue Shield as presented.
Benefits broker Bridal Stevens, of Stevens, Bastion and Cartwright, SBC, told the council the city’s plan has experienced unusually high claims in recent years, including a 12‑month loss ratio of 242% and a three‑year average loss ratio of 230%. Stevens said the plan had 16 claims over $20,000 in the last 12 months, nine over $50,000 and a single top claimant of $612,000. He said total annual premium was roughly $850,000 and that claims exceeded contributions by about $1.2 million in the most…
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