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City briefed on insurance market; council places insurance procurement and underwriting services on consent
Independence City Council · December 10, 2025
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Summary
CBIZ vice president Michael Perry told council rising market rates are pressuring property rates; the council placed insurance procurement (including Ord. 2025‑153 and a health‑insurance broker contract) on the consent agenda for adoption.
Michael Perry of CBIZ told the Independence City Council the municipal insurance market has hardened for property coverage. He said the city currently insures about $60 million in property — with many older buildings — and that the city's low historical claims experience had produced an unusually low fire rate (about 9¢). Perry…
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