Keeping rates as stable as possible is part of our mission at Enduris, and in a volatile world economy, it can be challenging. Over the last several years, Enduris has absorbed the impact of increasing reinsurance rates, insulating members from the volatile market. For the upcoming policy year starting September 1, 2024, we are finally experiencing a more normalized insurance market where reinsurance rate increases have slowed.
Another market trend impacting pools and insurers across the country is the reduction of limits and coverage. Enduris will maintain our policy limits for the upcoming policy year without reducing coverage. Maintaining policy limits is vital to protecting members from excessive losses in an environment of increased jury awards and “nuclear verdicts.”
Members play a pivotal role in the Pool’s ability to maintain its limits and coverage while keeping rates stable. Through their proactive risk management efforts, members can help the Pool keep claim costs down and market Enduris as an attractive account to reinsurers. Enduris provides many risk management resources that can help with these efforts. Browse through our website to learn how resources such as contract reviews, our pre-defense program, LocalGovU, MRSC, and more can help reduce your district’s risk.
With a membership dedicated to sound risk management, Enduris is poised to continue offering broad coverage, strong limits, and stable rates to members into the future.
Sheryl Brandt, Executive Director