County risk management secures nearly $2.2 million in insurance-premium savings for 2026 renewals

Palm Beach County risk management briefed the Board of County Commissioners on its April 1 insurance renewals and a negotiated package that staff said reduces net premiums by about $2.2 million compared with the expiring program.

Scott Martin, the county’s director of risk management, described outreach to more than two dozen underwriters, increased municipal and utilities wind limits, a slight decrease in the property wind deductible and a two‑year rate guarantee option for excess workers’ compensation. He said total insured value rose modestly while the county secured broader capacity and lower premiums.

"We were able to meet with 25 separate underwriters... we saved, over the expiring premium, almost $2,200,000," Martin said.

Vice Mayor Marcy Woodward moved to approve the renewal; Commissioner Weiss seconded and the motion carried 6-0. Commissioners praised staff and the county’s insurance broker Brown & Brown for the negotiated terms.