CHis increase of nearly 40%, which raises the premium to $ 1.3 million, is pushing the City to find a less expensive solution for taxpayers. And self-insurance, an increasingly popular avenue in Quebec municipalities, is catching up with Saguenay. This alternative consists of creating an own financial reserve and then increasing the amount of its deductible in the event of a claim. This reduces the insurance bill. The specialists appointed by Saguenay are considering this option and will go so far as to assess the possibility of withdrawing all cover and fully assuming the risks.
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