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Story County approves $25,000 deductible renewal with public‑agency insurance pool
Summary
Story County commissioners unanimously approved renewal of liability and casualty coverage through the Nevada Public Agency Insurance Pool for FY2026–27, accepting a staff recommendation to select a $25,000 deductible after reviewing 10 years of loss history and coverage changes including cyber and environmental limits.
Story County commissioners voted unanimously June 16 to renew the county's liability and casualty coverage through the Nevada Public Agency Insurance Pool and to adopt a $25,000 deductible for fiscal year 2026–27.
Jennifer McCain, Story County controller, introduced representatives from the pool and the county's broker and said the renewal is the routine annual renewal for the county's insurance program. Wayne Carlson of the pool and Jared Rossy of LP Insurance reviewed the package's structure, saying the program maintains a $10 million liability limit and includes new or revised cyber risk and environmental liability components.
Carlson described the pool's market placement and reinsurance structure and noted that while Story County's total program costs rose about 11% this year, exposures such as payroll and insured property values rose more substantially. Jared Rossy walked the board through a deductible study using the county's 10‑year loss history and said the $25,000 deductible provided the best outcome over average and good loss years, though a $10,000 deductible performed better in the county's single worst loss year.
"We looked at two different deductibles — $10,000 and $25,000 — and matched them to your loss history over the last 10 years," Rossy said. "Given the best and average years, the $25,000 deductible is the recommendation."
County staff and the county manager supported the recommendation. Commissioner Mitchell moved to approve the renewal with a $25,000 deductible and an annual premium as listed in the packet; the motion passed unanimously.
What it means: The renewal preserves broad liability, property and cyber protection for the county while shifting a modest portion of near‑term risk to the county through the higher deductible. County staff said the change corresponds to reduced per‑dollar rates despite growing exposures.
Next steps: The county will finalize the contract documents and implement the $25,000 deductible beginning in the FY2026–27 policy year. The county's risk and HR teams will continue managing claims, loss‑control activities and the pool's risk management services.
