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Commissioners describe insurance market squeeze and rising risk‑pool costs after expanded long‑tail claims
Summary
County officials reported that the county’s risk pool is seeing higher self‑insured retention and difficulty finding domestic carriers after an increase in long‑tail tort claims and changes to assault/molestation limitations; commissioners said premiums could rise 20–25% and counties are exploring consolidation and lobbying options
Commissioners warned that an increase in long‑tail tort claims and changes to space‑of‑limitations rules have strained local government insurance markets, forcing the county’s risk pool to absorb larger layers of risk and likely raising premiums for counties across the state.
A commissioner summarized recent risk‑pool discussions: “Four years ago, the risk pool was responsible for the first $175,000 of any individual claim. … Our self‑insured retention now is up to $3,000,000,” and insurers that previously filled higher layers of coverage are no longer willing to do so. The commissioner said the pool…
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