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Insurance trust projects up to 14% rise in county insurance costs; liability and nursing‑home claims drive increases
Summary
The LaSalle County Insurance Trust received a renewal budget projecting a 14% increase in insurance costs for the Dec. 1 renewal, driven primarily by liability and nursing‑home claims; committee approved consultant fee and discussed seeking alternative quotes.
LaSalle County Insurance Trust officials reviewed a proposed budget on Aug. 18 that projects roughly a 14% increase in insurance costs for the Dec. 1 renewal, with liability and nursing‑home liability lines cited as the principal drivers. Trust staff said the liability package is expected to increase about 10% and non‑ICRMT lines (including nursing‑home liability) could rise as much as 26%.
Mike Nugent, the trust’s contracted consultant, summarized a budget memo and historical background on broker and carrier selection. He said Horton Group was hired after an RFP and serves as the county’s exclusive broker; Horton receives a flat fee and does not take commissions on placements.…
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