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Brecksville approves $356,473 insurance renewal; city increases deductibles to curb premium rise
Summary
The City approved a one-year renewal of its property and liability insurance with broker Wicker Insurance (May 25, 202505/25/2026) at a renewal cost of $356,473, a 15.48% increase attributed to higher statement-of-values and national trends for flood and earthquake coverages.
Brecksville City Council approved the city's insurance and risk-management renewal May 20 for a one-year policy period running May 25, 2025 through May 25, 2026. The renewal premium presented to council was $356,473, a 15.48% increase over the prior year.
Director Barkowitz told the finance committee the renewal covers all property and liability lines and that the increase primarily reflects a higher statement of values for city property and…
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