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Town told to expect roughly 25% insurance renewal increase as carriers point to dam and liability trends
Summary
An insurance agent from Hyland presented an industry briefing and told the council market pressures and recent large claims mean the town's overall renewal could increase by about 25%; carriers flagged dam failure claims nationally and recommended drafting an emergency action plan.
Jeff Sullivan, an insurance broker with Hyland, briefed the Avon Town Council on Nov. 6 about the town's upcoming 2026 insurance renewal and industry conditions affecting pricing.
Sullivan said the public-entity insurance market remains challenging and that, while the town has a long-standing relationship with its workers' compensation carrier (IPEP) and positive builder's-risk feedback from Hanover for the Newtown Center site, some carriers were unwilling to provide competitive liability offers. He reported that Travelers' loss-control feedback highlighted several nationwide losses from so-called high-hazard dams; though the…
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