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County insurance broker outlines small premium increase, advises joining property pool for larger savings

2172127 · January 1, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Cadence Insurance representative told supervisors Harrison County faces a modest $5,000 increase this year across lines but could realize larger savings and better coverage by joining a multi-entity property pool planned to launch in April.

Harrison County's insurance broker summarized the county's 2025 renewals and recommended moving toward a multi-entity property pool that brokers say would produce larger savings and expanded coverage.

Frank (last name given as Bordeaux) of Cadence Insurance told the board the county faces a modest overall premium increase — "about $5,000 for all lines of coverage" — while property exposure had decreased, and several exposures (employee count, vehicles,…

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