When City of Kerrville officials decided to launch a “Citizen Academy,” they were not sure what to expect, how the eight-week class would be received by participants or if it
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The $130,000 annual increase in insurance costs would be higher if Highland Park had not joined with three other suburbs to pool liability insurance, according to its insurance broker. (City of Highland Park)
HIGHLAND PARK, IL Highland Park s municipal insurance costs will increase by about 22 percent next year, but the increase would be even greater had the city not joined a liability pool with other three other suburban communities last year.
The city s insurance premiums and administrative costs are estimated to rise by $131,000 in 2021 to more than $730,000, according to a package approved unanimously Monday by the City Council.
Highland Park joined Buffalo Grove, Elk Grove Village and Hoffman Estates in forming the Suburban Liability Insurance Pool, or SLIP, which took effect in 2019. The pooled plan gives municipalities broader coverage, lower fixed costs and the ability to retain underwriting profits that would otherwise go to insurance carriers, according to Finan