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City hears insurance renewal briefing; staff urged to route liability claims to ICAP
Summary
Midwest Insurance summarized modest premium changes tied to the new wastewater treatment plant, work-comp performance and urged the council to route liability claims to ICAP rather than creating city-level moral‑obligation payments.
Midwest Insurance representative Melissa reviewed the city—s ICAP and IMWCA insurance renewals and said the overall package premium rose about 9.6% while property and workers— compensation line items moved in opposite directions.
The briefing matters because the city recently added a new wastewater treatment plant to its property schedule and that change, plus inflation, drove most of the property premium increase, Melissa told the Nevada City Council. “We did, net about 11,000,000 increase for that wastewater treatment plant by taking off the old 1 and adding the new 1 and then about 5,000,000 in inflation,” she said.
Melissa said the combined $16,000,000 increase in insured property produced…
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