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County insurance adviser outlines CTSI pool structure, rising premiums and outside coverages
Summary
Hub International explained Pueblo County’s placement in the County Technical Services Insurance (CTSI) pool, noted rising pool contributions driven by bond revenues and law‑enforcement liability, and summarized smaller coverages the broker places outside the pool and their annual costs.
Kevin Keilbach, client executive at Hub International Insurance Services, gave a 20‑minute overview of Pueblo County’s insurance program at the Board of County Commissioners’ April 17 work session.
Keilbach said the county’s main property, liability and auto coverages and workers’ compensation are placed through the County Technical Services Insurance (CTSI) pool and described how the pool’s self‑insurance retentions (deductibles) and reinsurance work. “Your property and casualty pool, your self insured retention … is a hundred and $25,000,” Keilbach said, and the county’s workers’ compensation retention is $225,000. He added that CTSI’s standard program provides reinsurance “up to a hundred million dollars.”
The presentation explained that because Pueblo County shares risk with roughly 51 other Colorado counties in CTSI, the county takes on higher retentions to lower pool contributions. Keilbach said that pool contributions for property and casualty have risen substantially in recent years; he pointed to near‑term rate effects triggered by large bond revenues, including bond receipts tied to the county jail project, which increased the county’s premium base. Keilbach noted the pool contribution line was “almost $2,500,000” on a chart shown to commissioners, and he said the county’s workers’ compensation contribution was shown at about $829,000 with a year‑over‑year percent change around 12%.
Keilbach also described coverages Hub places outside CTSI and the annual costs the county pays directly: cyber liability, approximately $44,000 per year; drone coverage, about $8 per year; a public officials bond of roughly $350 per year; and the Hub professional services fee of about $18,720 annually. He told commissioners Hub does not earn commission on CTSI placements but does earn commission on the smaller, outside policies—commission revenue the presentation estimated at about $5,000–$6,000 annually on top of the fee.
Commissioners asked about market alternatives to CTSI and whether outside carriers might become competitive. Keilbach said Hub continuously monitors the market and would seek quotes if carriers changed their appetite for Colorado property risk or if CTSI’s underwriting materially weakened. He also said it is unusual for carriers to prefer adding property exposure in Colorado at present. Commissioners discussed law‑enforcement liability as a major cost driver; one commissioner noted that recent Colorado legislative changes and an increase in law enforcement litigation raise pool costs.
The presentation closed with commissioners thanking Hub for the overview and confirming they want Hub to continue monitoring options and to bring market quotes if circumstances change.
Ending: The county did not take a formal vote on insurance procurement at the work session; Keilbach’s presentation was informational and the board asked staff and the broker to continue market monitoring and return with options if market conditions or CTSI terms change.
