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Risk Manager previews FY27 insurance renewals; premiums reported below budget
Summary
The Risk Manager told the Audit Committee that preliminary FY27 insurance renewals show premiums below budgeted amounts across several lines, and said a more detailed presentation from the Town's broker will be provided in July.
Megan Damato presented a preliminary update on FY27 insurance renewals, reporting that premiums are currently tracking below budgeted amounts across several lines including primary casualty, excess workers' compensation, auto physical damage and property.
Damato said a more detailed renewal presentation, including premium comparisons, will be provided by the Town’s broker in July. The committee received the preview as part of the Risk Management agenda and no formal actions were taken at this meeting.
