Issue - meetings

Report FSD23066

The report advised Members of the Insurance Fund position as at 31^st March 2023 and presented statistics relating to insurance claims for the last two years. In 2022/23, the total Fund value increased from £4.002m to £4.159m. A mid-year review of the Fund had also been carried out and at this stage, it was estimated that the final Fund value as at 31^st March 2024 would increase to approximately £4.298m.  The position would continue to be monitored throughout the year. 

In response to a question, the Director of Finance confirmed that it continued to be very difficult to secure policies in respect of cyber security.

Members noted that whilst there was not a large number of claims, it would be helpful to have some performance measures set out in the report.  The Director of Finance agreed to follow this up, noting that there had been some challenges with highways claims and discussions had taken place with Sutton who managed the claims process.

RESOLVED: That the Portfolio Holder be recommended to note the contents of the report.