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Adams County hears reinsurance options and approves reenrollment in Samaritan Fund
Summary
An insurance consultant outlined two reinsurance proposals and urged reenrolling three employees in the county's Samaritan Fund; the board authorized staff to choose the best plan after consulting the county administrator and approved reenrollment.
An insurance consultant presented two reinsurance options to Adams County supervisors and urged the board to reenroll three employees in the county's Samaritan Fund, saying both proposals would cost less than the current year.
The presenter (speaker S9, identified in the meeting as representing Wood Cross Renewal) described "laser" liabilities (very large individual claims) and two alternatives: Proposal 1 would accept one laser with a specific stop-loss and yield a total estimated liability the presenter described…
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