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Council reviews Gallagher presentation; approves property‑casualty insurance renewal for FY 2025–26
Summary
Broker Gallagher presented a renewal package for the city’s property, casualty and liability insurance, noting improved loss experience and a modest fixed-cost increase; the council approved the renewal and directed staff to continue risk management efforts.
The city’s insurance broker, Gallagher, presented the property, casualty and liability insurance renewal for fiscal year 2025–26 to the Forest Park council on June 16, reporting improved city loss experience and proposing a renewal structure that keeps retained-loss budgeting steady.
Matt Simmons of Gallagher told the council the city moved in the prior year from a guaranteed-cost deductible program to a protected self-insured program because of…
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