County insurance renewal held to 8% overall; auto coverage drives sharp increase
Bryant Insurance told Crawford County commissioners the overall renewal averaged an 8% increase but the auto class rose about 25% after an auto-only loss ratio reached roughly 100.7%, pushing premium pressure for vehicle coverage.
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Walt Wilson of Bryant Insurance presented the county's property/casualty renewal and described the overall increase as modest "we did hold the rate increase to the 8% as we previously had advised," while noting that "auto has increased 25%" and that the auto-only loss ratio is unusually high. He attributed the auto spike to a small number of costly claims that inflated the loss ratio.
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