Murrysville approves $184,336 insurance renewals; staff cites rising property values, notes $195,000 dividend

Murrysville Borough Council voted to renew its property and automobile insurance with MRM and to continue public-officials and police professional liability coverage with Greenwitch Insurance, in a package totaling $184,336 for the April 1, 2026–March 31, 2027 policy year.

Chief Administrator Michael said the total comes in under the roughly $200,000 amount budgeted for the line but represents an increase driven largely by rising insurable values for borough commercial properties. "Most of the increase in that premium is due to the increase in our property values that are being insured," he said.

Michael told the council the MRM property/automobile portion is about $121,000 and rose roughly 11 percent because the borough’s insured commercial value moved from about $27 million to roughly $30 million. The public-officials and police professional lines rose by less than 2 percent, staff said.

During discussion a council member said the borough expects to receive a MRM dividend check of $195,000, which staff described as a benefit of Murrysville’s participation in the MRM trust board.

Council approved the renewal on a voice vote. The motion was presented as part of the council’s regular annual insurance procurement process; staff said they will allocate the cost within the current budget and noted last year’s MRM dividend amounted to nearly $15,000 for the borough.

Next steps: staff will finalize policy paperwork and reflect the net cost and anticipated MRM dividend in the finance department’s year-end accounting.