City’s liability premium $20,000 higher than predicted [The Daily Republic, Mitchell, S.D.]
By Tom Lawrence, The Daily Republic, Mitchell, S.D. | |
McClatchy-Tribune Information Services |
"The premiums were
The city paid
"What we did not get is what's called a 'loss ratio credit,' " she said. "That was because of our claims experiences. And I'm sure part of that is just general cost increases."
The premiums are based on a three-year average of claims made by a customer.
The city had three auto liability claims in 2009, five in 2010 and six in 2011, Kelly said.
"Yes, it was more, but they weren't real significant claims," she said.
The city had 65 employees take defensive driving classes in 2012, she said. It's a four-hour class.
"We do take measures when we see a trend like this," she said.
In addition, there was extensive property damage in a wind storm in 2010, which also cost the city in the insurance ranking.
On
Kelly said the city received the insurance bill in January and paid it months ago, but the
She said the premium will probably remain at or near that level next year, since the city is unlikely to receive the loss ratio credit.
"We've had several situations in 2012; the hailstorm was over
A legal case that went against the city this year will also likely impact the insurance rate.
A
The Russells were injured when they were hit by the bus while walking in a crosswalk toward the
The settlement with former Palace Transit drivers is not linked to the city's liability coverage, and Kelly said she did not think it would impact the rates in 2012.
"No, I don't think so," she said.
The city has liability insurance through the
The settlement with the former drivers will come from a separate
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