Risk insurance premiums out of control

For 2024, Lincoln County will be paying over $1,500,000 in risk insurance premiums. This represents a drastic increase of over 83% from just two years ago and 53% over 2023. And … these rates are expected to escalate next year as well, with no end in sight. Next to wages and benefits, risk insurance represents the second largest expense for the county.

One might wonder why such dramatic increases...