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Council hears insurance proposal from Prevare; agrees to obtain competitive quotes before renewal
Summary
An insurance agent presented options to the council for the city's upcoming March renewal; council members asked staff to collect at least one other quote and to bring comparisons to the Feb. 20 meeting for decision.
Scott Federico of Prevare Insurance (Bismarck) presented a review of Lincoln’s current insurance structure and a proposal for how the city might adjust coverages and deductibles ahead of a March renewal.
Federico said he reviewed the city’s current policies with the North Dakota Insurance Reserve Fund and identified potential opportunities to tailor coverages and to lower premiums by raising selected deductibles (for…
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