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Seaside approves $307,312 payment to MiCSIG after insurer announces unexpected deficit
2150843 · January 16, 2025
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Summary
Council authorized a one-time, pro rata assessment payment of $307,312.10 to the Municipalities, Colleges & Schools Insurance Group (MiCSIG) after the pooled insurer reported a late-year claims deficit.
The City Council on Jan. 16 approved a one-time payment of $307,312.10 to the Municipalities, Colleges & Schools Insurance Group (MiCSIG) after the joint insurance pool reported an unforeseen end-of-year deficit caused by late-arriving claims.
Human Resources specialist Melissa Falanga said MiCSIG provides medical insurance coverage for city employees and other member agencies.…
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