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Kearney board picks Midwest Public Risk for 2025 insurance to limit large storm deductibles

Kearney Board of Aldermen · December 16, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Kearney Board of Aldermen voted unanimously to accept a Midwest Public Risk (NPR) proposal for property-casualty, liability, vehicle and workers’ compensation coverage for 2025, favoring a lower flat wind-and-hail deductible and an 18-month rate guarantee over a lower initial premium from Travelers.

The Kearney Board of Aldermen voted unanimously to accept Midwest Public Risk’s (NPR) property-casualty, liability, vehicle and workers’ compensation coverage proposal for calendar year 2025 and authorized the city administrator to execute required documents.

City Administrator Sheila Erzen introduced Paul, the city’s insurance agent from Solace Arnie and Acres, who told the board the commercial insurance market has been in a ‘‘hard market’’ with large premium increases nationwide. Paul said…

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