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3/5/1986
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3/5/1986
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7/23/2015 11:53:01 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
03/05/1986
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OMB Director Joe Baird explained that by obtaining our <br />liability insurance from the League of Cities we would receive a <br />substantial decrease in the County's insurance premiums. At <br />present our coverage costs $198,432, but we can get the same <br />insurance for $127,224. However, the savings will amount to only <br />$20,133.80 for this fiscal year as we are already 6 months into <br />the year. <br />Commissioner Bird asked if our present insurance carrier had <br />given any justification for the premiums jumpi.ng from $62,900 to <br />$198,000, and Director Baird advised that they had predicted only <br />a 10-15% increase for this year and had not given us any warning <br />when it changed so drastically. There is justification in that <br />all governments are experiencing this increase. <br />Commissioner Bird suggested asking Bill Gunter in the State <br />Insurance Commissioner's Office to look into this unconscionable <br />increase in rates and the lack of proper notice. <br />Administrator Wright advised that liability insurance rates <br />went up drastically all over the country, and the increases are <br />not over with yet. <br />MOTION WAS MADE by Commissioner Lyons, SECONDED by <br />Commissioner Bowman, to approve staff's recommendation <br />to place the County's liability insurance with the <br />League of Cities and cancel our other policies. <br />Chairman Scurlock asked what the net increase is for these <br />particular policies over what was budgeted, and Director Baird <br />advised that the increase of $71,280 would have to come out of <br />the general contingencies fund. The total cost of the insurance <br />premiums were estimated at $280,000 and they came in at $550,000. <br />THE CHAIRMAN CALLED FOR THE QUESTION. The Motion <br />was voted on and carried unanimously. <br />32 <br />Boa 63 FAGE 890 <br />
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