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Council hears detailed briefing on shift to self‑insured retention program, escrow account and third‑party administrator
Summary
County staff briefed the council on transitioning to a self‑insured retention insurance model with a $250,000 per‑claim deductible, a $500,000 stop‑loss and the need to pre‑fund an escrow account administered by a TPA; council directed staff to coordinate with the commissioners and set a follow‑up.
Staff briefed the Scott County Council on changes to the county’s property and liability insurance, describing a move to a self‑insured retention model that imposes larger deductibles and requires a bank/escrow account to cover the county’s portion of claims before primary insurance attaches.
The county’s new program would put a $250,000 deductible on liability and auto physical damage claims and a $150,000 deductible on property claims, with a contract stop‑loss of $500,000 that limits total county exposure beyond the deductible. County staff described recent years’ claims experience — including a $428,000 claims year — and said those historical swings…
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