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Saratoga County approves insurance renewal amid projected premium increase
Summary
County officials authorized the county's insurance program through May 8, 2026, and approved a related budget amendment after hearing that premiums are rising roughly 10.8%; an outside agent summarized market pressures and exposure changes.
Saratoga County supervisors authorized renewal of the county's insurance program through May 8, 2026, and approved a budget amendment after staff and an outside insurance agent described a marketwide premium increase and exposure growth.
Staff introduced the item as the county's annual insurance renewal and said the county's premium cost is increasing. Staff reported an approximate 10.8% increase in the county's overall premium and described several drivers: higher exposures (vehicles, property values and equipment), a higher average wage base following collective bargaining, and claim activity. An outside agent, identified in the transcript as Dominic, told the board he has observed similar increases for small villages and towns in the marketplace and estimated a net rate increase of about 6.48% after adjusting for exposure changes. Dominic also discussed carrier activity in the market, naming Travelers, Nimer and Trident among firms competing for municipal business.
Staff said the renewal process was run with agents and that the county will reflect the increase in budgetary numbers; one presenter described the bottom‑line premium in budget documents as a "1.5 figure," and staff indicated they would go out to bid again when appropriate.
Supervisors moved and seconded the motion to authorize the coverage and amend the 2025 county budget; the motion passed on a voice vote. The transcript did not include a roll‑call breakdown. The board closed the item after brief remarks and thanks to the agent and staff.
