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Abbeville council approves two insurance renewals, citing broker-negotiated savings and higher auto-liability exposure
Summary
At a Feb. 24 special meeting, the Abbeville City Council approved annual renewals with Louisiana Municipal Risk Management Incorporated and with TSL effective March 1, 2026; the city’s broker secured about $19,000 in premium savings for the TSL package while one carrier’s automobile-liability line drove an overall increase in the other renewal.
The Abbeville mayor called a special City Council meeting to order at 5:30 p.m. on Feb. 24, 2026, and the council voted to approve two annual insurance renewals that take effect March 1, 2026.
The council approved a renewal with Louisiana Municipal Risk Management Incorporated for general liability, law-enforcement officer coverage, automobile liability and emissions insurance and approved a separate renewal with TSL for property, physical damage, equipment, cyber liability, airport liability and employment-practices coverages.
Why it mattered: City officials said the decisions were time-sensitive because final renewal rates arrive just before the March 1 deadlines. Council members and staff described a mix of factors affecting premiums: an increase in automobile-liability exposure drove higher costs at one carrier, while competitive bidding and negotiations produced about $19,000 in savings on the TSL package.
Council presentation and vote: A council member summarized the RMI renewal and told the council the carrier’s premium rose compared with the prior year, identifying automobile-liability and litigation activity as the principal drivers of that increase. The council moved and seconded approval of that renewal; the motion carried on a voice vote with no roll-call recorded.
Broker’s account of savings: The council credited the city’s broker, Ben Rivera, and the insurance committee for negotiating the TSL renewal. Rivera told the council, “we have a significant reduction in the overall premium,” and said the team negotiated higher wind-and-hail limits while still obtaining a premium reduction. The council noted the city set a Feb. 13 deadline for competing bids and that a competing firm, Gallagher, submitted an offer that was about $19,000 higher.
Timing and next steps: Council members said the city must bind both renewals before the March 1 deadline. Both motions to bind the coverage were approved by voice vote at the special meeting; no further action or a roll-call vote was recorded in the transcript.
The council thanked Rivera and staff for their work on the renewals. No additional business was recorded in the provided transcript.
