Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City staff recommend insurance changes: higher deductibles to lower premiums, larger liability cap
Summary
City staff presented the annual Public Entity Partners insurance renewal at the May 29 workshop, proposing a $25,000 property deductible (up from $1,000) to reduce premiums by about 18.6%, a $2 million per‑claim liability cap and mixed changes across coverages. The renewal was on the consent agenda for approval.
City staff briefed the Board of Mayor and Aldermen on an annual insurance renewal proposal with Public Entity Partners during the May 29 workshop that would change deductibles and coverage limits to manage premium costs.
Andrew, a staff member who led the review, said the property premium in the proposal would drop about 18.6% compared with the city’s current policy as a result of raising the property deductible from $1,000 to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
