Santa Fe's insurance premiums drop by more than $400,000 with new contract
The city’s insurance premiums will drop under a new liability insurance contract the
Under the contract, which was approved unanimously at a special meeting on the last day of the fiscal year, the city will retain the same coverage as it had for the past fiscal year when it switched to being insured by
However, its total premiums decreased from
“We continue to try to reduce our claims wherever we can,” said
Part of the savings come from separating the city’s law enforcement coverage from its general liability policy with Berkeley into its own policy with
High number of lawsuits
The city has budgeted
The city has struggled in recent years with a high number of tort claims and lawsuits, many resulting in settlements. Along with many people seeking restitution from the city because of problems caused by sewer line breaks or injuries from falling on uneven city streets — some of which have resulted in significant payouts — it is contesting a lawsuit filed by the widow of a transgender man fatally shot by police in September, among other litigation. It has also paid a number of recent settlements to people alleging the city violated the Inspection of Public Records Act with long response times.
In 2024, the city paid
The city earlier this year settled a case with the family of a 4-year-old girl whose rape kit was lost by the city’s police department and whose mother alleged this crippled the state’s ability to prosecute the suspect, who received a suspended sentence. District Judge
City works to reduce risk
The city transitioned to a new insurance carrier last year after being notified by its previous carrier,
Last month, city risk analyst
On Monday, Phillips credited the “good work” of city staff, including Lovato, for implementing new policies, procedures and trainings to try to reduce claims.
By email, she wrote some of the city’s ongoing work includes implementing additional internal controls in the
“We are always looking for ways to identify possible exposures and to the extent that we can — given budget and staffing constraints — we are reducing or eliminating those risks,” she wrote. “There is more work to be done, especially in an old city with decades old infrastructure.”
© 2025 The Santa Fe New Mexican (Santa Fe, N.M.). Visit www.santafenewmexican.com. Distributed by Tribune Content Agency, LLC.


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