Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kent approves 2025 liability, workers comp and cyber renewals as self‑insured retention rises
Summary
City staff reported a 16% liability premium increase and a rise in the city’s self‑insured retention to $2.5 million; workers’ compensation rose ~2.4% and cyber premiums fell about 4.8%. Council accepted the renewal details and will revisit property and other lines in August.
Elaine V., risk manager for the City of Kent, briefed the council on three insurance renewals that took effect Jan. 1: the city’s liability policy, excess workers’ compensation and cyber risk coverage.
She told the Committee that the city retained a $25,000,000 liability limit but saw “the premium this year increased about 16%.” Elaine said market conditions and insurer exits left the program with a higher self‑insured retention (SIR): general liability and law enforcement SIR rose to $2,500,000 (up…
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
