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Parish committee approves insurance renewals amid debate over abuse/molestation coverage and added costs
Summary
An executive committee approved recommended renewals for employee health and several property policies, but brokers warned the parish may face a roughly $76,000 premium increase and higher self-insured retention for sexual abuse/molestation liability coverage; the council authorized administration to proceed while seeking better terms.
During the Feb. 11 executive committee meeting, Iberia Parish officials reviewed renewals for group health and property/liability insurance covering the parish for the 04/01/2026–03/31/2027 policy year.
Committee members were told by brokers that the parish's group health renewal with Blue Cross Blue Shield will increase by about 3 percent — a number described as favorable compared with earlier budget estimates — and that property insurance renewals resulted in an approximately 11 percent decrease on the property side, which the broker said translated to an estimated $45,000…
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