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Caswell County will remain in NCHIP after staff review of claims and cost projections
Summary
After a presentation on recent claims and reserve levels, the board voted to continue participating in the North Carolina Interlocal Risk Management Agency (NCHIP) pool for fiscal 2026, citing cost projections and a six-percent annual cap on pool increases.
The Caswell County Board of Commissioners voted to continue participation in the NCHIP insurance pool for fiscal year 2026 after staff and a pool representative outlined claims experience and projected costs.
A representative from the pool said claims for 2023 and 2024 exceeded the county's pooled payments and had depleted reserves. The presentation compared costs if the county had remained with a commercial carrier such as Blue Cross, projecting higher cumulative cost, and calculated that staying with NCHIP has saved the county about $6.1 million over the past seven years based on renewal and industry-average increases.
Staff warned the board that leaving the pool now would make the county responsible for incurred-but-not-paid claims as of June 30 (estimated at about $200,000) and could increase the next-year premium by an estimated $142,000; the pool also maintains a policy limiting annual cost increases to 6%.
Commissioner Ingram moved to remain with NCHIP; Commissioner Wynne seconded. The board voted in favor and the motion carried.
Staff said the county will monitor claims and reserves and that, once reserves are sufficient after a good claims year, the pool could consider lowering premiums or reducing future increases.
