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Madison County reviews Montana State Fund renewal, cites improving safety trends
Summary
Madison County reviewed a Montana State Fund workerscompensation renewal effective July 1, 2026; staff said the experience-modification rating is trending down, large past claims drove earlier increases, cyber liability quotes are pending, and airport insurance paperwork needs a Kendra signature.
Madison County officials reviewed a Montana State Fund workerscompensation renewal quote, effective July 1, 2026, and discussed the countys claims history, current rating trends and administrative follow-up.
The Presenter introduced the renewal and said staff would verify class codes and circulate copies. "This is for the Montana State Fund renewal quote, effective 07/01/2026," the Presenter said, and described the countys experience-modification rating as trending downward, reporting it near 1.66. The Presenter asked staff to confirm payroll and class-code information before the policy is issued.
Committee members traced the countys higher earlier costs to several large claims, including a mower-deck accident that materially increased incurred losses in a prior year. The Presenter said the county had earned premiums of about $310,000 in 2024 and noted that incurred losses were higher in the year with the large accident; the committee discussed how multiyear averaging of losses affects the countys rating.
Members also discussed workforce counts and seasonality, noting head count runs roughly in the 180s and can rise with summer seasonal hires. The Presenter said that if the county sees a relatively normal year going forward, several large prior claims will roll out of the three-year rating window and materially improve the experience-modified factor.
Several participants credited ongoing safety training with helping reduce claims. One committee member said the training investment is "minuscule" compared with the savings from reducing the mod factor. The group agreed that continuing safety work is likely to help on both workerscomp and property/casualty lines.
On administrative items, staff said airport insurance paperwork requires a signature from Kendra and that the airport policy had completed a three-year term; a prior premium figure of about $88,085 was mentioned for reference. Cyber liability quotes were described as pending and not expected to be a major issue once returned.
There was no substantive motion to alter the proposed renewal; staff noted that, because the renewal mirrors the current policy, active cancellation would be required to change terms. The meeting concluded after a routine motion to adjourn, which a committee member moved, another seconded, and the Chair closed with a vote of "aye."
