Jefferson County hears ICAP renewal as property values drive significant premium increase
An ICAP representative told the Jefferson County Board that new third‑party asset valuations raised the county's insured property values and will increase the 2026 ICAP premium; the board discussed options including stated values, higher deductibles and raising excess liability to $15M before the Jan. 1 deadline.
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An ICAP representative presented the county's insurance renewal and warned that HCA property valuations have driven a substantial year‑over‑year property premium increase.
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