Committee approves $50,000 feasibility study to explore captive insurance and self-insured retention
The committee approved a $50,000 expenditure for a feasibility study to evaluate captive/self-insured retention options for property and casualty lines; staff estimated potential first-year savings of $600,000–$800,000 and noted a ten-year loss ratio of about 15%.
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The Policy and Procedures Committee on June 3 unanimously approved spending $50,000.00 for a feasibility study to evaluate captive insurance and self-insured retention options for parish property, casualty and motor vehicle coverage.
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