Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Insurance topic
No spam. Unsubscribe anytime.
Board tables flood‑insurance renewal from Holmes Murphy and Associates after initial review
Summary
Supervisors discussed county property and contents coverage, noted small default coverage levels and broader insurance premium increases, then voted to table consideration of the Holmes Murphy and Associates flood‑insurance proposal pending further review.
The Benton County Board of Supervisors reviewed a flood‑insurance renewal proposal from Holmes Murphy and Associates. During discussion supervisors and staff noted that the county’s historical coverage option for structure replacement or contents had been set at $100,000 and that the board could choose to increase limits when renewing.
Bruce (staff) and Ron (staff/board) discussed reviewing multiple public coverage options and asked whether the board wanted to increase coverage limits or leave them at prior levels. Board members noted recent percentage increases for other county insurance lines, with staff saying personal property premiums rose about 63% year‑over‑year and automobile coverage about 23% in the most recent renewal cycle.
After brief discussion the board moved to table the item to allow further review of coverage levels and replacement‑cost schedules. A motion to table the Holmes Murphy and Associates flood‑insurance item passed with recorded aye votes from Tippett, Seaman and Boos.
No coverage change was approved at the meeting; staff said they would re‑examine replacement‑cost estimates and follow up with the board in a future meeting.
