Thursday, June 18, 2009
 
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County decides property, casualty and workers' compensation insurance

Board approves Elkhart Grain Elevator property for enterprise zone

(Originally posted Wednesday afternoon)

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[June 18, 2009]  The Logan County Board had two property, casualty and workers' compensation proposals laid before them for examination and decision this month. The proposals went through two lengthy insurance committee meetings this month and were then brought to the full board, with much more discussion occurring during the June 11 board-of-whole meeting.

Tuesday night, insurance chair Jan Schumacher began by saying, "The reason we went out for proposals was to see what kind of service we could get, what kind of kind of breaks we could get." She said that she kept all the board members, even those not on that committee, informed during the review process.

There were a couple of questions raised last Thursday to which she had gotten answers.

Arthur J. Gallagher Risk Management provided a letter that would guarantee the rate of:

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  • Option 1, which was for two years and one month, and would continue at the same rate.

  • Option 2, based on claims, would be for 24 months. Schumacher added that with this option, given the cost difference and what the claim rate could become, the rate still wouldn't be what it would be with Callender.

CIRMA is a new insurance group founded to assist county governments with their unique insurance needs. It is modeled after similar insurance groups that are successfully being used for townships and municipalities.

"This is a great way for the county to go," Schumacher said. She motioned to accept the insurance proposal from CIRMA with a three-year contract.

The motion was defeated 6-4.

No: Pat O'Neill, John Stewart, Terry Werth, Rick Aylesworth, Bob Farmer, David Hepler

Yes: Chuck Ruben, Schumacher, Bill Martin, Terry Carlton

John Stewart then motioned to accept the insurance proposal made by Callender.

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Stewart reasoned that there was some skepticism on taking up CIRMA at this time. The Callender proposal is for one year at $270,000, which is $58,000 more than the CIRMA proposal. In one year CIRMA would have their first-year financials in place and would be filed with the Illinois Department of Regulation, Stewart said. Next year there would be more security in choosing them, he concluded.

The motion to accept Callender passed 8-0.

Yes: Stewart, Werth, Aylesworth, Farmer, Hepler, O'Neill, Ruben, Carlton

No: Schumacher, Martin

The board also approved an annual renewal with Facer Insurance in the amount of $4,580 for the Logan County Airport.

In other business, a motion was made to add territory to the Lincoln and Logan County Enterprise Zone for Elkhart Grain. There was no discussion and the motion was approved 10-0.

[By JAN YOUNGQUIST]

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