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Utah Local Governments Trust reports small net premium decline; Alta to schedule property appraisals
Summary
Josh McHale of the Utah Local Governments Trust told the council the town's combined insurance premium was down about 2% overall despite a property rate increase driven by higher reinsurance costs.
Josh McHale, risk finance consultant for the Utah Local Governments Trust, presented the town's insurance renewal covering workers' compensation, general liability, auto liability and physical damage, and property. McHale said the town's combined premium for the renewal was down roughly 2% compared with the prior year, a result of lower liability and some line decreases offsetting a property‑rate increase tied…
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