Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Insurance Liability topic
No spam. Unsubscribe anytime.
Commissioners probe liability-pool premium increase; county staff to seek more detail from LGLP
Summary
Commissioners discussed a large increase in the county's liability-pool insurance premiums and the structure of the Local Government Liability Pool (LGLP). Staff said they are investigating the reasons for the premium jump and plan to invite pool representatives to present before budget adoption.
Fremont County commissioners discussed a substantial increase in their liability-pool insurance premium and asked staff to obtain clearer explanations from the Local Government Liability Pool (LGLP).
County staff said the pool had increased the county's premium sharply compared with recent years and that LGLP staff attributed the increase to changes in payroll, employee counts and historical claims across the pool’s class. "The answer was, 'You raised your salaries or you added payroll,' and so that's why you got an inquiry," a county staff member summarized after speaking with LGLP representatives. Staff also reported LGLP maintains a large pooled fund to pay claims and that pool administration and claims-handling capacity may affect pricing.
Commissioners raised questions about LGLP’s staffing and financial management and whether the pool could present to the county before the budget is finalized. One commissioner suggested inviting LGLP to explain underwriting and rate-setting; another commissioner recommended having both the liability (LGLP) and property (WARM) insurance representatives meet with the county to explain recent premium increases and training resources they may provide.
County staff said LGLP has previously provided training (hiring/firing documentation, defensive driving) and that such programs are available at no cost. Staff recommended scheduling LGLP for a budget briefing and to discuss whether premium volatility could be smoothed for the county.
No formal action or vote occurred; commissioners directed staff to request LGLP and related insurers to appear before the board for a detailed briefing.
