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Mako presentation: Lincoln County told to expect modest contribution increase, urged to review vehicle and equipment schedules
Summary
Mako representatives told Lincoln County officials their pooled property and liability contribution will rise about 5.6% and recommended departments review vehicle valuations, leased-equipment insurance proof, and content/appraisal schedules before a June 15 finalization date.
Mako representatives briefed the Lincoln County commission about next year’s property and liability renewal, telling officials the county’s share will rise but remain below the pool average.
Hope Barker, the new property casualty trust administrator, told the board the county faces about a 5.6% contribution increase this year; Mako’s board set component increases (2% inflation, 4% property, 5% liability) that produced an 11% pool average, and Barker said Lincoln County’s rate increase is about five percentage points lower than that average. She cited a nationwide rise in catastrophic losses and reinsurance-market pressure as the primary drivers.
Barker walked commissioners through benefits of pooling—stability, coverage and risk management services—and urged the county to check equipment and vehicle values to avoid overpaying premiums. She noted law-enforcement vehicles are paid on actual cash value while specialized equipment carried on vehicles is covered at replacement cost. Barker recommended departments review schedules and consider modest annual depreciation adjustments so insured values better reflect actual cash value before the June 15 finalization deadline.
Commissioners also discussed leased-equipment insurance. Barker said the county must show proof of insurance on leased items or the pool may place insurance until documentation is provided. She offered to seek a Chubb quote for comparison with Mako; commissioners were warned that private-market quotes frequently include substantial self-retentions that shift risk to the county.
Barker outlined the pool’s three-year loss-run methodology and loss ratios, saying older high-loss years will drop off the calculation, improving future rates if claims remain low. She also introduced Mako staff resources—claims coordinators, general counsel and a governmental finance director—who can assist with litigation defense, HR and grant/finance questions.
County staff and Mako agreed to follow up on departmental schedules, leased-equipment documentation and any private-market quotes before the board’s June deadline.
