Arena’s insurance costs to increase
The authority board on Wednesday voted to renew the authority's insurance policy for property, liability and umbrella coverage through
The annual premium will rise from
Cupinski asked
"You do have some, but not nearly enough," Miller said.
The premium increase could not be avoided, since it has been a challenging year for insurance underwriters, according to Miller. However, he praised the arena's loss ratio, which he called "the one shining star in this whole thing."
The board needed to approve the policy renewal Wednesday because the policy expires prior to the authority's next scheduled meeting
Also Wednesday, the board approved a proclamation honoring longtime board member
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