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Alliant Insurance Services proposes independent insurance program for Cowlitz County; projects short-term savings and warns of "claims-made" risks
Summary
Alliant representatives presented a feasibility study comparing Cowlitz County’s current pool membership with a vendor-run insurance program. They proposed a tower with a $250,000 or $500,000 self-insured retention, a $40,000 third-party-claims administrator cost, a two-year premium guarantee for the primary layer, and a public-entity purchasing-p
Representatives from Alliant Insurance Services presented a feasibility analysis at Monday’s workshop proposing an independent insurance program for Cowlitz County as an alternative to its existing pool membership. Brian White, Anne Shackleford and other Alliant staff said an independently placed insurance tower could offer dedicated limits, a two-year premium guarantee on the primary casualty layer and potential premium savings in the first three years when compared with projected pool increases.
Alliant proposed two self-insured-retention (SIR) options—$250,000 and $500,000—and included third-party claims-administrator (TPA) estimates in the cost model. White said the firm had secured a two-year premium guarantee on the county’s primary $5 million layer and that the program would add a public entity purchasing group for excess layers. He described the…
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