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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.