Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Insurance topic
No spam. Unsubscribe anytime.
Indianola council approves ICAP membership, asks staff to price lower deductibles
Summary
Council approved a commitment to remain in the ICAP insurance pool while asking staff to return with firm cost estimates for lowering a $30,000 deductible that staff said had forced departments to absorb traffic-signal replacement costs in past incidents.
Councilors on Monday voted to commit the city to ICAP as the municipal insurance pool, while holding open the question of deductible levels after members raised concerns about a $30,000 per-claim deductible shown in the renewal packet.
Public Works Director Kilesh Powell told the council that in his experience over the last five years there were three large lighting/traffic-signal incidents, two of which were uninsured and each cost the city about $35,000. "I must have paid at least $100,000 in the three instances that I saw in Indianola," he said during the discussion.
Staff said the packet lists a $30,000 deductible for multiple property lines; ICAP representatives offered to return a firm premium estimate within 24 hours if the council wanted to consider lowering the deductible. Council members asked staff to produce specific pricing and historic deductible data before approving a final invoice and asked whether parts of the policy could be separated by coverage "package" rather than approved as a single blanket deductible.
Rather than finalize numbers at the meeting, the council withdrew the earlier motion to approve the insurance packet, then later made a separate motion to approve the city's membership commitment to ICAP, with the exact premium and deductible to be brought back for council review. The council approved that commitment by roll call vote, 5-0.
The action commits the city to the member pool but does not authorize a final invoice. Council members requested staff follow up with ICAP about the cost of reducing the deductible to the $5,000'0,000 range ICAP staff flagged as feasible and to bring a recommendation to a future meeting.
