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Delaware County weighs higher insurance retention to cut premiums but face bigger claim risk
Summary
County insurance broker USI presented two options: retain current low deductibles with higher premiums or raise liability retention to $250,000 to lower premiums by roughly $500K–$550K a year while increasing county out‑of‑pocket exposure; commissioners discussed managing pro se claims in‑house and deferred a final decision until before the March 1 renewal.
County commissioners heard a detailed presentation from insurance broker USI on January 20 outlining the financial trade-offs of raising the county’s self‑insured retentions.
Brent Webster and a colleague from USI reviewed five years of Delaware County claims and recommended two paths: keep the current low retentions, which produce more predictable out‑of‑pocket exposure but could yield a projected premium…
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