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Committee approves property‑casualty renewals; Homeland Insurance retained for cyber coverage
Summary
Rutherford County’s Insurance Committee approved property and casualty renewals on May 1, accepting mostly flat renewals and modest exposure and rate increases across coverages and retaining Homeland Insurance as the county's cyber insurer.
Rutherford County’s Insurance Committee voted May 1 to approve the county’s property‑casualty insurance renewals for the 2026 policy year, with a mix of flat renewals and modest increases across several coverages and carriers.
Janet Cook, the meeting presenter on the property‑casualty package, told the committee that the building and personal liability premium with Travelers was $3,635,712 and that overall exposure had increased roughly 11 percent; rates rose about 3.3 percent. Auto liability, public officials liability and educators legal liability remain with Princeton (premium figures presented as $9,83/$9,85 in the packet). Auto physical damage coverage was quoted with Hanover at $132,008.61, with vehicle exposures up about 5.5 percent. Property values used in underwriting rose from $58,000,000 to $60,000,000, the presenter said.
Other carriers and premiums presented included Greenwich for law‑enforcement liability (premium $470,009.97, essentially a flat renewal); excess liability with Kinsale ($225,328, flat); Admiral for dental professional liability ($7,004.30, flat); Homeland Insurance for cyber liability at $50,004.50 for $1,000,000 coverage with a $100,000 retention; an additional $2,000,000 limit was quoted at $68,004.50. AIG provided a following‑form excess quote at $49,700. Travelers remained the carrier for crime coverage (premium $5,003.52), and Provident offered volunteer firefighters accident and health at approximately $4,002.
When asked for a recommendation on cyber limits, the presenter recommended staying with the incumbent cyber carrier and current limits; the committee approved the property‑casualty renewals and the recommendation on cyber by roll call vote.
The vote was recorded by roll call and the chair announced that the motion passed.
The presentation noted that the property/casualty packet had been quoted across 15–20 markets and that most renewals were expiring coverages with limited market changes. Committee members asked whether school board vehicles were included; staff clarified that the county policy covers county‑owned vehicles and school items owned by the county, but not third‑party contractor buses unless purchased by the school board and added to the county policy.
The motion to accept the renewals was approved by the committee and will be administered by Risk Management and the county insurance broker.
