Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
MCIT warns Beltrami County about rising insurance costs, urges prevention work
Summary
A Minnesota Counties Intergovernmental Trust representative told Beltrami County commissioners the county's insurance costs are rising driven by higher rebuild costs, reinsurance, and workers'comp experience, and urged front-end risk management and training.
Richard Meehee, a risk management consultant with Minnesota Counties Intergovernmental Trust, told the Beltrami County Board of Commissioners on a county work session that the county faces rising insurance costs driven by higher rebuild values and reinsurance expenses.
Meehee said the pool raised its liability retention and workers'comp retention to limit premium increases and preserve membership dividends. "We are a risk pool. We are your insurance entity, but we are not your insurance company," he…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
