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Daviess County approves switch to Berkshire Hathaway for stop‑loss insurance amid rising claim costs
Summary
County commissioners voted to move stop‑loss reinsurance to Berkshire Hathaway after brokers reported higher claim trends and competing carrier quotes; county staff and brokers said the change aims to limit short‑term cost exposure.
Daviess County commissioners voted to move the county’s stop‑loss reinsurance to Berkshire Hathaway after hearing that the county’s claims are running above expectations and several carriers declined to quote.
Paul, a benefits broker for the county, and Amy, a broker working on the account, told the board the county’s stop‑loss insurer had proposed a large renewal and that shopping the market produced a more competitive quote from Berkshire Hathaway. Paul said the county’s “current deductible” is $85,000 and that the plan’s year‑to‑date claims through May were about $2.9 million, up…
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