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Council approves three-year airport liability insurance renewal; premium rises to $9,774
Summary
The council authorized a three-year airport liability insurance policy with Ace Property & Casualty, increasing the premium from $5,312 (2021) to $9,774 and describing coverage for FAA-regulated operations.
The Tuscaloosa City Council authorized a three-year airport liability insurance policy with Ace Property & Casualty at a premium of $9,774, an increase staff described as roughly 45% over the premium set in 2021.
Mister Holmes told the council that the municipality’s standard city insurance (referred to in the meeting as the Amec policy) does not cover FAA-regulated airport operations such as tarmac and hangar incidents, and that the airport policy fills that gap. He said the policy covers events related to FAA-regulated areas and explained the renewal timeline requires immediate action because the policy renews on the 29th and the next meeting was canceled.
Council members confirmed the term is three years, which will lock the rate for that period. After limited discussion and a brief exchange clarifying scope — including the policy covering runways, hangars and tarmac operations — the council approved the renewal on a voice vote.
