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.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Police Am-Bush Catches 74 Drivers Using Cell Phones 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
