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Washington council hears insurance renewal; staff recommends declining buy-down option
Summary
At a special meeting Monday, June 23, 2025, the Washington City Council heard a department head report on renewal of the city's property-casualty insurance and was advised not to purchase a proposed "buy-down" option.
At a special meeting Monday, June 23, 2025, the Washington City Council heard a department head report on renewal of the city's property-casualty insurance. The department head recommended the council not purchase a proposed "buy-down" option and to use the insurer rates the city received, which include a 13% increase, the department head said.
The recommendation followed options that staff had circulated, including a buy-down policy discussed at the June 16 meeting and summarized on page three of the handout the department head referenced. The department head said the…
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