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County told property/casualty pool kept county under 10% increase amid loss exposure
Summary
Mako representatives told Daniels County commissioners that the trust limited county property contribution increases to less than $1,000 but that liability costs and four added employees pushed the county's overall renewal to roughly a 9.2% rise. Commissioners were reminded the pool cushions spikes through reserves and reinsurance.
A Mako representative told Daniels County commissioners on April 20 that the property and casualty trust kept the county's property-contribution increase small while liability pressures drove a larger rise.
"We went up 7.5 percent as a pool," the representative said, adding that the county's insured values and the addition of four employees were the principal drivers of the local increase. The presenter said the trust used reinsurance strategies and a 10% inflationary property adjustment to smooth the effect on members.
Commissioners pressed the presenters on the $300,000 claim that still weighed on the county's liability loss ratio; Mako staff said that large claims "will wash off at some point," but that trustees retain discretion to use reserves to hold down rates. The board did not take immediate action but asked staff to follow up with final renewal numbers and comparative impact on the county budget.
