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MCIT briefs board on insurance risks, cyber claims and dividends

5774720 · August 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Minnesota Counties Intergovernmental Trust presented its annual update to Stearns County commissioners, summarizing reinsurance costs, cyber-claim variability, recent dividend history and resources available to members for risk management and training.

The Minnesota Counties Intergovernmental Trust (MCIT) presented its annual risk and financial update to the Stearns County Board of Commissioners on Oct. 5, outlining reinsurance cost trends, cyber-claim spikes and member resources for risk management.

MCIT Executive Director Garrett Claybaugh described the pool’s role as a joint powers risk pool created in 1979 and said MCIT insures…

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