At their Council meeting Wednesday night the Town of Creighton discussed a letter received from the insurance program SUMAssure which is owned and governed by subscribing members of the Saskatchewan Urban Municipalities Association.  Since 2009 they have been dedicated to giving their subscribers the best possible property and liability coverage at the most cost effective prices.  In the letter it states as the new year approaches they are in one of the toughest situations since their inception thirteen year ago.  Facing a hard insurance market, especially so serving the public sector and still waiting to hear from the Superintendent of Insurance about potentially freeing up three million in equity, this year saw the losses of two major properties in their member pool.  For the 2021-22 policy year they require a twenty percent rate adjustment.  These rate changes are shared in advance allowing members to budget more accurately.  SUMAssure states they remain proud that in thirteen years they have reduced rates or held them steady more often than they’ve had to increase them.

Mayor Bruce Fidler mentioned it was a significant increase and Council members agreed to sit in on the upcoming virtual dates scheduled to address any questions.