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Brentwood staff report steep insurance premium increases; no committee action required

Brentwood Ways & Means Committee · July 9, 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

City staff told the Ways & Means Committee that workers' compensation and liability insurance renewals effective July 1 show substantial premium increases driven by wage growth, experience modifiers and broader market trends; staff recommended injury-prevention measures and said no committee action is required now.

City staff told the Brentwood Ways & Means Committee on July 9 that insurance premiums for workers' compensation and liability programs rose notably at renewal and that the committee need not act immediately.

On workers' compensation (effective July 1) staff said premiums rose roughly 35% from the prior year. Staff attributed increases to higher salary bases, a higher experience-modification…

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