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Madison City approves 2026 property-casualty renewal; staff authorized to finalize up to $480,000
Summary
The Madison City Board of Public Works and Safety approved staff to finalize and execute the 2026 property and casualty insurance renewal with a maximum premium of $480,000. Brokers said continuity with current carriers and the city’s risk controls helped secure terms; staff will finalize deductibles and auto schedules with underwriters.
Madison City’s Board of Public Works and Safety voted Jan. 5 to authorize staff to finalize the city’s 2026 property and casualty insurance renewal with a maximum premium of $480,000.
Mayor opened the discussion and invited staff and brokers to brief the board. Mindy, city staff, told the board the proposal reflects an increase of just over 11% from current premiums and that the administration had budgeted for a 15% rise. Greg, an insurance representative, said the city’s “loss experience” and risk-mitigation work helped retain the city’s existing carriers:…
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