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North Riverside Police Pension Board approves fiduciary liability insurance, caps premium at $4,154
Summary
The board approved fiduciary liability insurance presented by Castle Insurance with premiums capped at $4,154; coverage is effective Feb. 1, 2026 through Feb. 1, 2027 following a 5–0 roll-call vote.
The North Riverside Police Pension Board approved a fiduciary liability insurance policy as presented by Castle Insurance, agreeing that premiums would not exceed $4,154. The coverage is set to take effect Feb. 1, 2026, and run through Feb. 1, 2027, with the carrier to evaluate renewal premiums approximately every other year based on prior practice.
The motion to purchase the policy was made by Trustee Ryan Lawler and seconded by V.P. Rocco DeSantis. The board adopted the motion by roll-call vote, 5 Ayes and 0 Nays, and recorded the coverage start and renewal-condition details in the meeting minutes. Greg Kiensewetter of Castle Insurance was listed in the record as the presenter of the proposal.
