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Primax premium jump forces Rockingham County to plan budget transfers and contingency requests
Summary
County staff told commissioners that Rockingham County's PrimeX property and liability premium will rise sharply next year after a multi-year increase cap ended. The board discussed bringing a transfer request and engaging the county delegation for contingency funds.
Rockingham County staff told commissioners on Oct. 30 that the county's PrimeX property and liability insurance renewal will come with a substantial rate increase that the county will need to absorb.
"The takeaway is our rate is going up quite a bit," a staff presenter said, citing an increase the meeting transcript recorded as roughly 36 percent. Staff explained the prior 9 percent…
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