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Vendor details Ohio Plan renewal; council told cyber coverage added
Summary
Highland Administrative Services presented the Ohio Plan Risk Management renewal, reporting a modest overall premium increase tied to exposure adjustments and the addition of expanded cyber/social-engineering coverage; the council later adopted the emergency resolution to renew coverage.
Carrie Novacell, client service executive with Highland Administrative Services, presented the city's Ohio Plan Risk Management renewal and explained the drivers of the change in premium. Novacell told council the city has been a member for decades and said the plan's advantage credit and the city's loss ratio contributed to favorable pricing.
Novacell cited the expiring premium before advantage credit as $101,005.41 and said the Advantage Credit shown on the summary was $13,001.39. She described underwriting…
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