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SFHSS board approves increased IBNR and contingency reserves amid higher claims
Summary
Aon actuary Mike Clark recommended and the board approved IBNR and 90.5 percentile contingency reserve amounts as of June 30, 2025, citing higher claims and a recommended contingency total of about $20.7 million at the selected confidence level; the motion passed unanimously.
Mike Clark, lead actuary with Aon, presented the June 30, 2025 incurred-but-not-reported (IBNR) and contingency reserve calculations for SFHSS's self-funded and flex-funded plans. Clark recommended using the 90.5 percentile confidence level for contingency reserves (policy 2-10) and reported overall IBNR increases in the range of…
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