Wright Insurance declines coverage for CLN - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 6, 2024 Newswires
Share
Share
Post
Email

Wright Insurance declines coverage for CLN

Coeur d'Alene Press, The (ID)

After trustees voted to change the Community Library Network's insurance policies, the insurer they sought to contract with has declined coverage, citing current unresolved claims.

Redman Insurance notified library staff and trustees Tuesday that Wright Speciality Insurance will decline the mid-term insurance policy for CLN, Library Director Alexa Eccles said. A formal letter is expected from Wright this week.

"The network cannot move forward with this," Eccles said Wednesday.

During the Feb. 15 board meeting, Chair Rachelle Ottosen, Vice Chair Tom Hanley and Trustee Tim Plass voted to accept insurance from Wright and American Family Insurance, as presented by broker Redman and Company Insurance, and cancel the network's present coverage with the Idaho Counties Risk Management Program and Great American Insurance. Trustees Katie Blank and Vanessa Robinson cast dissenting votes.

Because the board voted to accept insurance from both Wright and American Family Insurance, Wright's denial means the library network cannot move ahead with only American Family Insurance.

The vote took place as Post Falls and Athol libraries are closed and undergoing mitigation from water damage that occurred in January when extreme cold caused fire suppression systems to burst, flooding the buildings.

The two facilities have been closed since mid-January. Restoring them to full functionality will be no small feat — nearly 6,000 boxes are ready to pack up and temporarily store the more than 63,000 books and materials housed at the Post Falls Library alone.

"Stop for a second and realize that we are in the middle of a multimillion-dollar claim that is pending," Eccles said to the trustees at the Feb. 15 meeting. "We are not highly insurable until that is resolved."

The library network, which includes libraries in Post Falls, Hayden, Rathdrum, Spirit Lake, Harrison, Pinehurst and Athol, as well as a bookmobile, is fully insured under its current plan.

"We're fully covered and we're good through Sept. 30," Eccles said. "There's no crisis or concern when it comes to being fully insured. We are."

Considering the CLN's current issues, Robinson told The Press via email she is not surprised by this development.

"I hold on to hope that the board will make responsible decisions moving forward," she said.

The other trustees did not immediately respond to requests for comment.

Eccles said in a statement that will go out in the network's March newsletter that ICRMP is expected to cover most repair costs for the Post Falls Library but will not provide enough funds to cover moving and replacing all of the books and materials that were a loss due to water damage.

The Athol Library is a much smaller facility with only a handful of books destroyed.

"It appears the library's insurer will fund the expense of moving books, which will allow us to fast track this library's repairs and reopening," she said.

Staff members are exploring options to restore convenience services such as pickup of holds and a book return prior to a full re-opening. The Post Falls Library is expected to be closed for as many as eight months for repairs. The Athol Library may reopen late summer.

Community volunteers are needed to help library staff box up and move the Post Falls Library collection. Work will begin around March 11. Monetary donations to the library's foundation are welcome. Funds can be dedicated to assist the library in replacing books and DVDs lost in the calamity. The Post Falls Library lost about 7,100 items, mainly large print books, books on CDs, mp3 players and DVDs due to water.

Call 208-773-1506 or email postfalls@communitylibrary.net to volunteer at the Post Falls Library.

Older

Everest Group Announces Dividend

Newer

Fool's School

Advisor News

  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
  • Americans’ sense of overall prosperity still ticks upward
  • Turning expanded eligibility into a better coverage plan for federal clients
  • Election 2026: Which of Berkeley's 7 ballot measures will pass?
  • How advisors can help frugal retirees finally enjoy their savings
More Advisor News

Annuity News

  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Jackson reports record annuity sales, increases share repurchase authorization
  • Why the market doesn’t need more carriers
  • Equitable, Corebridge steam toward merger with strong Q3 annuity sales
  • Jackson Announces New Annuity Offering for AARP Members
More Annuity News

Health/Employee Benefits News

  • CVS Health will split into two new companies. What does it mean for Hartford-based insurer Aetna?
  • An Application for the Trademark “ALMERA” Has Been Filed by Health Care Service Corporation: Health Care Service Corporation
  • Reports Outline Managed Care Study Findings from Ohio State University (Factors Associated With Pretreatment Patient Attrition in an Advanced Orthodontic Education Clinic: A Cross-Sectional Study): Managed Care
  • State: Beware of unlicensed health coverage marketed by LifeX Research Corporation
  • Kirksville school board to meet Friday on benefits association agreement, 2027 health insurance rates
More Health/Employee Benefits News

Life Insurance News

  • Brighthouse Financial Announces Third Quarter 2026 Results
  • Prudential earnings dip as Japan sales suspension offsets U.S. growth
  • U-Haul Holding Company Reports Second Quarter Fiscal 2027 Financial Results
  • Genworth Financial Announces Third Quarter 2026 Results
  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.