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Urbandale staff recommend insurance renewals, propose raising property deductible to lower premiums
Summary
City staff and broker presented FY25‑26 insurance renewals: recommendation to raise the city’s property deductible from $25,000 to $50,000 to reduce premiums, explanation of wind/hail deductible as 2% of scheduled value, and discussion of rising workers' compensation costs tied to indemnity claims.
Urbandale — City staff and brokers presented the city’s annual insurance renewals June 17, recommending changes to reduce premium pressure and explaining how weather and indemnity claims are driving market increases.
Tim Brunkhorst of World Insurance explained national trends: large catastrophe payouts, more frequent severe weather and reduced reinsurance capacity are increasing premiums for property and liability insurers nationwide. “More claims, more premium is asked for,” he said.
Staff recommendation and rationale: City staff recommended raising the city’s non‑wind property deductible from $25,000 to $50,000 to reduce the…
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