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City approves FY26 insurance renewals; total cost of risk rises 7.95%
5093423 · June 27, 2025
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Summary
Murfreesboro authorized renewal of multiple insurance policies, retaining existing carriers and self‑insured retentions; staff said market conditions and higher property portfolio values drove a 7.95% increase in the city's insurance program cost.
City staff recommended and the Murfreesboro City Council approved renewal of the city’s FY26 insurance program on June 26, and staff said the city’s overall cost of risk will rise 7.95 percent compared with the expiring year.
Staff described the city’s insurance program as a mix of coverage placed with the public‑entity risk pool and…
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