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City hears presentation on property/casualty and workers’ comp renewal; staff recommends switching to Travelers with a 3-year rate guarantee
Summary
IMA Financial presented a proposal to align municipal property and casualty renewals on Sept. 1 with Travelers, citing roughly $160,000 in annual premium savings and enhanced coverage terms; Travelers offered a three-year rate guarantee subject to loss-ratio conditions.
The council received a presentation from Kyle Zigler of IMA Financial on Aug. 18 outlining a proposed renewal and consolidation of the City of Sedalia’s property, casualty and workers’ compensation insurance program. Zigler said the proposal would move coverages to Travelers with a common Sept. 1 renewal date, enhanced coverage terms, and a three‑year rate guarantee so long as the city’s loss ratio…
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