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Owasso council approves insurance renewals after staff flags rising premiums
Summary
Council approved renewals for specific excess workers' compensation, property casualty, and vehicle collision/liability insurance after staff explained premium increases driven by payroll changes, added property values and industry rate adjustments.
City staff presented three insurance renewals on Oct. 21 and the council approved all three contract renewals as recommended.
Jeff Acheson explained the city's specific excess workers' compensation coverage renews annually; the current carrier Midwest Employers Casualty Company (MECC) quoted $132,153 for the coming year. Acheson said the increase is attributable to a steady…
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