What the city of Columbus, Miss., pays for liability insurance will increase 15 percent in 2014.
WCBI-TV in Columbus reported that insurance consultant Eddie Mauck told officials this week that three or four major police claims combined with some others in the last three or four years have caught up with the city of Columbus.
Mauck said a tightening insurance market also contributed to the increase.
The city paid about $260,000 this year to cover everything from weed eaters throwing rocks to fires destroying city buildings. The new policy that took effect Jan. 1 will cost $315,000
The city paid about the same amount a decade ago but has seen premiums decrease slightly since then
Topics Mississippi
Was this article valuable?
Here are more articles you may enjoy.
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
Former Bucknell University Coach Charged in Death of Freshman Football Player 
