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Committee approves $71,000 workers' compensation premium adjustment after audit
5113165 · July 1, 2025
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Summary
Committee authorized payment of a premium adjustment of roughly $71,000 following an insurance audit that reclassified employee exposures for the 2024 policy period.
The Homewood City Finance Committee on June 30 approved payment of a workers' compensation premium adjustment arising from an insurer audit of the 2024 policy period.
Staff explained the insurer conducts periodic audits of payroll exposure and employee classifications after the policy period.…
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