Jim Carroll, risk management consultant from MCIT, told the Wabasha County Board that the Minnesota Counties Intergovernmental Trust (MCIT) is a county risk pool that faces rising costs driven by inflation in reinsurance, property‑replacement costs and automobile repair. Carroll said MCIT increased its self‑retention threshold from $850,000 to $1 million for 2025 to offset higher reinsurance premiums.

Carroll reviewed pool‑wide property‑value growth (from about $6.6 billion in 2021 to $9.2 billion in 2025), described cyber claim trends that peaked in 2023 and fell in 2024 after increased employee training, and stated that ransomware forensic/response coverage carries a per‑claim limit of about $500,000. He said counties reduced cyber losses through employee training to recognize phishing and similar attacks.

On workers’ compensation, Carroll said Wabasha County’s experience modifier (mod) for 2025 is 0.724, meaning the county’s work‑injury record is about 27% better than the pool average, which yields cost advantages. He noted that the mod is calculated on a five‑year average, so recent outcomes affect future rates.

Carroll also summarized pool techniques (dividends in profitable years) and encouraged commissioners to stay informed of MCIT initiatives. Board members asked clarifying questions about cyber limits and 2025 cyber claim totals; Carroll said 2025 totals were not yet final because claims remain open and reserves are being calculated.

No board action was taken.