Tamarac staff present FMIT renewal showing roughly $231,000 premium drop for FY27

Danielle Durgin, Director of Human Resources, told the commission the city's property-and-casualty insurance renewal with the Florida Municipal Insurance Trust (FMIT) proposes a $1,600,000 premium for fiscal 2027, which she said is a reduction of $231,000 — about 12.44% — from fiscal 2026. Durgin said the renewal keeps the principal coverage structure intact for general liability, automobile liability, property and workers' compensation.

Why it matters: FMIT is a municipal risk-sharing pool tailored for public entities that the city uses to stabilize insurance costs, access public-sector claims support and receive loss-control resources and disaster-response assistance. Durgin said the city has received approximately $50,000 in FMIT safety grants to date, which supplements loss-control efforts.

Durgin attributed part of the FY23–24 premium spike to an earlier Florida insurance-market crisis when some insurers left the state, and said increased market participation and the city's falling claims helped reduce premiums. "the $1,600,000, premium cost, which is a reduction of $231,000 from f y 26 or 12.44% decrease," she said. She reported a decline in certain claim categories (general and professional liability down about 21%, property down about 14%), while noting automobile liability and physical-damage costs rose because of vehicle damage claims and vehicle replacements.

Commissioners asked staff to clarify drivers of year-to-year changes; Durgin told the commission those patterns reflect marketplace conditions and claims experience rather than program changes. The renewal was listed on the consent agenda for the upcoming commission meeting; staff characterized this presentation as informational and part of the consent-item review.