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Board asks insurance broker to provide regular reporting after Buffalo News article raised questions about past settlement
Summary
Following public questions raised by a Buffalo News item about a past settlement, trustees said the town's insurance broker will provide regular (monthly or quarterly) reports to the supervisor and board summarizing open and closed claims to avoid future surprises.
The board discussed publicity around a past settlement reported by the Buffalo News and directed the town's insurance broker to start providing monthly or quarterly reports on open and closed claims to the supervisor and the board.
Members said having a regular report would help the board and staff track claims and avoid being surprised by media inquiries. During the discussion members clarified the settlement referenced in the news coverage was handled by private insurance carriers and did not require a taxpayer payout, though there was some confusion among members about the settlement's timing and when the board was notified.
Trustees asked the supervisor to meet with the broker next week and requested the broker provide a standard report on open and closed claims going forward so the board is apprised of both active cases and recent settlements.
