Osceola County heard its annual insurance renewal briefing from its agent and ICAP representatives, who urged the board to consider higher cyber limits and to review excess-liability and property-deductible options amid rising claim costs nationally.

Presenters explained the county's property and liability renewal, noted a requested uplift in cyber coverage from $250,000 to $1,000,000 (with optional quotes for higher limits), and described the market trend of rising liability awards (so-called "nuclear verdicts") and social inflation. The ICAP representative recommended evaluating excess-liability limits above the county's current $5 million total to reduce exposure in the event of very large awards.

Deductibles and savings: The renewal packet included deductible options on property lines. Staff said increasing the per-location deductible from $1,000 to $2,500 would reduce the premium modestly; a $5,000 deductible would yield larger savings (presenter cited approximate savings figures). The meeting also highlighted ICAP's new per-occurrence maximum for the 2% wind/hail deductible — a marketplace advantage for the county.

Loss ratios and membership context: The agent told the board Osceola County's five-year loss ratio remains elevated after a recent large fire and other claims; ICAP representatives emphasized the pool structure and loss-control services ICAP provides instead of cancellations common in private markets.

Board questions and operational matters: Supervisors asked about liquor/liability for fairgrounds events and whether the county's ownership of the land affects exposure; presenters advised the fair or event sponsor should list the county as an additional insured and that special-event liquor liability typically is charged as a separate endorsement. No immediate coverage changes were approved during the session; board members asked staff to request formal quotes on higher cyber limits and a $10,000 property deductible for consideration.

Next steps: Insurance staff will obtain formal quotes for the alternate cyber limits and deductible scenarios and return them to the board for a decision in a subsequent meeting.