Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commissioners briefed on insurers, premiums and deductible tradeoffs for county property and casualty coverage
Summary
An insurance broker briefed the Board on renewal options from incumbent Liberty Mutual and a newer carrier, Obsidian, including premium differences, deductible structures, third‑party administrator costs and collateral requirements; the chair left Liberty Mutual in the draft budget to allow discussion at the upcoming meeting.
Newton Jennings, presenting insurance renewal options, told the Carroll County Board of Commissioners that the county’s loss history has improved since 2022 and described two primary options for property and casualty insurance: the incumbent carrier (Liberty Mutual) and a newer market entrant (Obsidian).
Jennings said Liberty Mutual offered continuity and lower deductible tiers (current liability/auto/property deductible structure includes $50,000 on liability and lower physical‑damage deductibles on many vehicles) and that Liberty’s renewal proposal had been negotiated down to an overall premium increase of roughly 7.9% (about $127,000) over last year in the…
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
