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Insurance vendors and trustees press county on exit fees, shared limits and services
Summary
Representatives from FMIT, Florida League of Cities, Preferred/PGIT and Boyd addressed the commission, warning about shared-limits, exit/runoff fees, and stressing year-round loss-control services even as an independent consultant highlighted PRM's lower premium.
Representatives for FMIT and the Florida League of Cities told commissioners that the county's reduced quote compared with prior years partly reflects claims that have rolled off Jackson County's books, and they urged caution about moving to a smaller trust with shared limits and potential exit/runoff charges. "The decrease from your expiring policy is due to the fact that you all had close to a million dollars of bodily injury claims that have rolled off of your books," Denise Boglesang of FMIT told the board.
Preferred/PGIT and Boyd representatives described their broader loss-control services, HR and legal helplines, and training programs that they said reduce long-term claims costs; Preferred emphasized it has no exit fees and that a smaller trust can provide closer member influence. PRM representatives responded that exit/runoff provisions are member-driven and that new members have board seats to influence policy.
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