Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Insurance topic
No spam. Unsubscribe anytime.
Edgerton renews corporate insurance; broker cites dividends and modest premium rise
Summary
Council approved the city's corporate insurance renewal for April 1, 2026—March 31, 2027. Broker Kevin O'Brien noted dividend refunds for prior years and said the overall renewal increase is about $366 amid broader premium and deductible pressures.
The Edgerton City Council approved renewal of the city's corporate insurance policy covering April 1, 2026 through March 31, 2027, after hearing a summary from Kevin O'Brien of Reilly Insurance.
O'Brien told the council EMC's dividend program returned checks of $7,066 for 2024 and $10,215.11 for 2025. He said, "we are still seeing premium increases," adding that property premiums had eased somewhat but higher auto repair costs and larger jury awards are pushing premiums up; cyber and impersonation claims remain a growing concern. He also said the museum was newly included in blanket property coverage and noted EMC's handling of inflatable devices as a mechanical amusement classification affected special-event coverage.
City Administrator Beth Linn thanked O'Brien and staff for their work on the renewal. Council approved the renewal motion 4-0. The broker reported an overall renewal increase of approximately $366 for the policy period; no change was reported to general liability equipment coverage and some property lines showed lower premiums despite increased values.
