As insurance rates for tax-funded entities continue to rise, budgets for city services are adversely impacted.
SLAIT acts as an insurance company for Liability & Workers Compensation and Employee Benefits to manage these rising costs. This member-funded pool provides coverage exclusively to professionally managed cities in the St Louis area.
Unlike traditional insurance providers, an insurance pool allows members to secure a portion of the remaining investment income after the trust has paid claims. Funds are distributed to the community of members as approved by the Board of Trustees.
Machine Readable Files (MRFs) – with negotiated rates for in-network providers and allowed amounts from historical claims for out-of-network providers as required by Transparency In Coverage (TIC) Regulations