City of Salem Medical Cost Analysis Report May 2026
City considers Old Republic for stop loss coverage
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Description
The City of Salem is evaluating Old Republic as an alternative stop-loss carrier, with Option 1 pricing at $353,868 in annual premiums under a 12/12 contract. Additional options with different contract structures (24/12 and 12/15) are also presented for consideration.
Contract Details
Contract Amount
$353,868 (Option 1 total annual stop loss premium)
Vendor
OLD REPUBLIC
Agency
Town of Salem, IL
Contract Type
INSURANCE
Document Date
April 27, 2026
Contract Term
12/12 contract for Option 1; annual stop loss coverage
Renewal Info
Proposed stop-loss options with Old Republic would be written on 12/12, 24/12, or 12/15 bases with annual terms; specific renewal clauses are not provided.
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