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Committee approves MMRMA renewal, raises deductibles to save about $50,000
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Summary
The committee approved renewing property and liability coverage with MMRMA at $305,071 by increasing the self‑insured retention to $150,000 and property deductibles to $5,000, with higher potential out‑of‑pocket deductibles noted.
Chippewa County's Finance, Claims and Accounts Committee on Nov. 10 approved the Michigan Municipal Risk Management Authority (MMRMA) insurance renewal for Jan. 1, 2026–Jan. 1, 2027, at a reduced premium of $305,071 by raising the self‑insured retention to $150,000 (from $75,000) and increasing property deductibles to $5,000.
Materials from MMRMA representative Chris Katona showed the renewal would lower the county’s premium from $363,406 to $305,071, producing roughly $50,000 in savings but exposing the county to higher deductible and self‑insured retention costs. The proposal also included $50,000 to the Stop Loss Fund and returning the annual net asset distribution to the county’s loss fund.
Commissioner Jim Traynor moved to approve the MMRMA coverage proposal, Commissioner Damon Lieurance seconded, and the motion carried on a voice vote. Committee discussion noted the trade‑off between premium savings and increased potential out‑of‑pocket costs.
The renewal was approved for the January 2026 policy year and will be implemented through the county’s insurance administration.