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City staff warned of steep municipal insurance increases, levy-certification risk for flood coverage
Summary
City risk manager and outside brokers told commissioners the city faces an insurer-driven renewal that could raise premiums roughly 25%, sharply boost deductibles — and temporarily exclude coverage for levee-related claims until levee inspections are recertified.
City risk management staff and outside brokers told the Salina City Commission at a study session that the city’s property and casualty insurance renewal this summer is likely to be markedly more expensive and carry much higher deductibles.
Nancy Schussler, the city’s risk manager, said Travelers — the city’s current insurer for many lines — has signaled an expected 25% price increase and changes to deductible structure for the renewal that takes effect at the end of June. Mark Skidmore, president of Iron Insurance Partners, and Bob Charlesworth of Charlesworth Consulting briefed the commission on the state of the marketplace and what the changes would mean for the city.
The report to the commission said a number of national trends are pushing increases: a rise in the frequency and cost of billion‑dollar weather events, higher construction costs from inflation, and…
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