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Council approves one‑year renewal of city insurance policy with Travelers
Summary
After an insurance agent presentation, council voted to renew the city's package policy with Travelers for another year, with council discussion focused on rising premiums and workers' compensation costs.
An insurance agent, identified in the meeting as Randy Baker, briefed the Kennett City Council on the city’s insurance renewal and recommended renewing the city’s package policy with Travelers for another year. Baker said he solicited quotes from three carriers, and despite industrywide premium increases Travelers remained the most favorable option for coverage and premium. He told the council the primary driver of recent increases has been the city’s workers’ compensation component.
Council member Meyer moved to continue coverage with Travelers; a second was recorded, and the motion passed by voice vote. Council members thanked Baker and the insurance committee for their work updating equipment, property and vehicle values and said they would continue to examine risk‑control options, including employee safety training, webinars and other measures to reduce claims.
Ending: The council approved the annual renewal with Travelers and directed staff and the insurance committee to continue seeking ways to manage claims and premium trends.
