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City auditors, insurers brief council on claims, risk policy and investment performance
Summary
WHA presented a six‑year claims review showing 143 claims totaling about $2.97 million; staff proposed a renewed risk‑management policy and Government Portfolio Advisors reported the city’s fiscal‑year portfolio rose from $164M to $181M with a book yield around 3.97%.
City staff and outside advisors presented annual reviews of the city’s risk, insurance and investments and recommended routine renewals and procedural next steps.
WHA agents said the city reported 143 claims over six years with total incurred costs of about $2,970,000 and an average cost per claim of roughly $20,008. "Your claims counts have remained steady, averaging about 24 claims per year," Lauren Williams said, and agents noted 19 open claims trending…
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