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Finance committee approves $368,912 insurance renewal, selects "mid max" option
Summary
The finance committee voted to renew the municipality's insurance at a premium of $368,912, a 2.56% increase from the prior year, selecting the "mid max" coverage option after a staff recommendation. The committee was told the program has saved about $289,000 over the life of coverage.
The finance committee approved renewing the city—s insurance policy with a renewal premium of $368,912 and chose the "mid max" coverage option, the finance director said.
The finance director told the committee, "our renewal came in at $368,000, 912. That's a 2.56 increase from the previous year," and recommended accepting the…
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