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Bargersville council approves Travelers property/casualty renewal with higher deductible; keeps Chubb cyber and National Union police reserve coverage
Summary
After a lengthy discussion about rising premiums and limited market options, Bargersville Town Council voted to accept Travelers’ renewal with a higher deductible (option 2), and separately approved Chubb for cyber liability and National Union Fire for police reserve benefits.
Bargersville Town Council voted to accept Travelers’ renewal proposal for the town’s property and casualty insurance under the Option 2 package for the 2025–26 policy year, and separately approved Chubb for cyber liability coverage and National Union Fire for police reserve benefits.
Council members debated the renewal after an extended presentation from the town’s insurance representative, who described market-wide rate increases and limits on which carriers will insure municipalities with utility and railroad exposures. The council approved Travelers’ option 2 — which carries a higher deductible but a lower premium — by voice vote. The council separately approved Chubb as the town’s cyber liability insurer and National Union Fire…
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