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Show Rates on the decrease for insurance coverage at county's burn plant By CHERIE HUBER Jim Young reported to the board of the county burn plant that the board had persuaded Katy Seghers, the contractor for the operation, to permit an open bid procedure to see if better insurance premiums were available. The efforts proved fruitful, he said. While there are about 500 companies com-panies involved in insuring that kind of property, three presentations presenta-tions were made. Those were from Johnson and Higgins, who has been insuring the plant for about $1,000,000 a year; Caroon and Black, and the Barlow Agency in a joint venture with Fred Moreton of Salt Lake. Jim Young also remarked re-marked that of the presentations, Barlow Agency was the most professional pro-fessional and a very good proposal. The bid was split between two companies. Low bid for comprehensive compre-hensive general liability went to Caroon and Black, whose bid was $58,600. The bid for the physical damage went to Barlow Agency. Their final bid was $63,370. Insurance Insur-ance premiums on the burn plant will now be in the $120,000 range, instead of the million the board is now paying. Jim Young also reported re-ported that at this time they have not been able to get a credit on the insurance they are now canceling. The policy now in place costs the burn plant $1000 or more a day. While the board would like a refund re-fund on the unexpired amount, thus far it has not been able to find anyone who can make that decision. deci-sion. According to Jim Young, however, a refund will be pursued. Mr. Young also told the board members that Harold Miller of Katy Seghers was most embarrassed embarras-sed and unhappy because Johnson and Higgins also insures the Sava-nah Sava-nah plant. Katy Seghers pays that bill directly, rather than passing it through as is the case with this burn plant. Mr. Young also told the board that although there was a huge savings sav-ings on insurance, it would not be reflected in a lower tipping fee be- i cause it would be offset by other charges. He also told the board that 1 the tipping fee may go up because I the price of natural gas is down and I interest costs are up. |