cost of government

Valley cities, towns find spiking insurance rates — or no carrier at all

]Visitors take a photo of the type of flooding east of Apache Junction that, especially when it affects city or town buildings or other municipal infrastructure, is the kind of climate-change-driven event that is driving up insurance costs for Valley municipalities and worldwide.

Ross D. Franklin/Associated Press file

Any Valley resident with auto insurance can probably tell rates have spiked within the past few months or years.

The same is true for cities around the region looking to insure their property and staff.

The Chandler City Council recently approved a commercial insurance and services item that will cost almost $4 million in fiscal 2025 alone.

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