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Risk management to re-advertise stop‑loss RFP after insurers decline to bid
Summary
Risk management said insurers and brokers deferred giving firm stop‑loss bids because a number of high-dollar claims for 2026 are still immature; staff will re-advertise and seek updated pricing closer to 2026.
Rutherford County risk‑management staff told the committee they will re‑advertise the county’s stop‑loss (reinsurance) RFP after carriers and brokers declined to provide firm bids, citing the immaturity of several high‑dollar claims that could exceed the county’s $500,000 attachment point.
Ed (risk management) said Gallagher (the broker working with carriers) and other respondents told staff the carriers could not price the risk now because current claims may develop into very large claims in 2026 (for example: transplants). Staff therefore plans to extend and re‑advertise the RFP closer to the 2026 coverage start so carriers can assess mature claim trajectories.
"We asked for an extension...we will re‑advertise it," Ed said. Staff told commissioners they expect to re‑advertise in August and will return with updated bids and a recommended premium; county budget staff are working to model a worst‑case figure for the upcoming budget cycle while hoping for lower premiums if claims mature favorably.
No formal committee action was required; staff sought direction and said they would report back with bids and pricing details after re‑advertising.
