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Christian County Commission approves insurance renewal amid rising deductibles and claims
Summary
Christian County commissioners voted June 24 to renew the county's property and casualty insurance despite a steep loss ratio and higher deductibles for law-enforcement and auto liability; staff were directed to survey other counties on body and dash cameras and pursuit policies.
Christian County commissioners voted June 24 to renew the county's property and casualty insurance, after a presentation from an insurance representative who warned the county is in a "hard insurance market" and faces higher deductibles and premium increases.
The renewal was approved during the Christian County Commission meeting after the insurance presentation and discussion of recent large claims, current five-year claim trends and potential steps that could lower future premiums.
The county heard that total claims paid by the carrier over the roughly five-year period ending June 30 totalled "a little over $2,500,000," while total premium intake over that period was "just over $2,100,000," producing a loss ratio the presenter said is currently about 120 percent. The presenter described several large items contributing to that figure, including a recently settled $1.4 million claim and a separate total…
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