Chatham-Kent has inked a new deal to cover its annual insurance premium.
Council recently approved a contract with Marsh Insurance Ltd., to pay $3,050,435 for its annual premium covering a 12-month period that started April 1.
The deal also authorizes the continuation of insurance for social housing buildings to begin Nov. 1.
Coverage for volunteer firefighters is obtained through a separate company.
Over the past years, an administrative report stated that Chatham-Kent has faced a number of significant claims, including: a fire loss at the Ridgetown Public Works Garage that resulted in a total loss of the building and several vehicles; a significant fire at the Wallaceburg Arena; a major claim by approximately 80 property owners along Erie Shore Drive; a class action lawsuit regarding the Wheatley emergency; a significant fire at the Wheatley Water Treatment Plant; and most recently, a significant fire at 99 McNaughton in Chatham.
According to a report from staff, the cost for the coming year is approximately 9.3. per cent more than the expiring premium.
