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Municipalities are reporting significant increases in insurance premiums, with Hastings County facing an expected hike of more than 29 per cent.
The county’s finance committee on Tuesday recommended council ratify this year’s insurance renewal as approved by chief administrative officer Jim Pine.
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The premium, which covers policies through McDougall Insurance Brokers and Marsh Insurance, is more than 29 per cent more than that of last year.
The total of $877,202 results from an increase of $199,436.
“I’m not happy about bringing this recommendation forward, and that is why we are, hopefully, working on retaining another quote,” treasurer Sue Horwood told committee members.
Municipal insurer excludes `disease outbreaksâ
Author of the article: Monte Sonnenberg
Publishing date: Dec 28, 2020  â¢Â December 28, 2020  â¢Â 2 minute read  â¢Â Norfolk Countyâs comprehensive insurance coverage for 2021 will cost $1.82 million â an increase of 16.8 percent over 2020. The coverage from Frank Cowan Co. of Princeton also includes an exclusion for âcommunicable disease outbreaksâ such as those associated with COVID-19. â Monte Sonnenberg
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Ontario municipalities continue to pay for a loophole that forces them to cover 100 per cent of the award in a negligence lawsuit even when they are only marginally at fault.
âJoint-and-several-liabilityâ was cited as a factor earlier this month for a 16.8 per cent increase in Norfolk Countyâs insurance costs for 2021.
Municipal insurer excludes `disease outbreaksâ
Author of the article: Monte Sonnenberg
Publishing date: Dec 28, 2020  â¢Â December 28, 2020  â¢Â 2 minute read  â¢Â Norfolk Countyâs comprehensive insurance coverage for 2021 will cost $1.82 million â an increase of 16.8 percent over 2020. The coverage from Frank Cowan Co. of Princeton also includes an exclusion for âcommunicable disease outbreaksâ such as those associated with COVID-19. â Monte Sonnenberg
Article content
Ontario municipalities continue to pay for a loophole that forces them to cover 100 per cent of the award in a negligence lawsuit even when they are only marginally at fault.
âJoint-and-several-liabilityâ was cited as a factor earlier this month for a 16.8 per cent increase in Norfolk Countyâs insurance costs for 2021.
Municipal insurer excludes `disease outbreaksâ
Author of the article: Monte Sonnenberg
Publishing date: Dec 28, 2020  â¢Â December 28, 2020  â¢Â 2 minute read  â¢Â Norfolk Countyâs comprehensive insurance coverage for 2021 will cost $1.82 million â an increase of 16.8 percent over 2020. The coverage from Frank Cowan Co. of Princeton also includes an exclusion for âcommunicable disease outbreaksâ such as those associated with COVID-19. â Monte Sonnenberg
Article content
Ontario municipalities continue to pay for a loophole that forces them to cover 100 per cent of the award in a negligence lawsuit even when they are only marginally at fault.
âJoint-and-several-liabilityâ was cited as a factor earlier this month for a 16.8 per cent increase in Norfolk Countyâs insurance costs for 2021.
Municipal insurer excludes `disease outbreaksâ
Author of the article: Monte Sonnenberg
Publishing date: Dec 28, 2020  â¢Â December 28, 2020  â¢Â 2 minute read  â¢Â Norfolk Countyâs comprehensive insurance coverage for 2021 will cost $1.82 million â an increase of 16.8 percent over 2020. The coverage from Frank Cowan Co. of Princeton also includes an exclusion for âcommunicable disease outbreaksâ such as those associated with COVID-19. â Monte Sonnenberg
Article content
Ontario municipalities continue to pay for a loophole that forces them to cover 100 per cent of the award in a negligence lawsuit even when they are only marginally at fault.
âJoint-and-several-liabilityâ was cited as a factor earlier this month for a 16.8 per cent increase in Norfolk Countyâs insurance costs for 2021.