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Old city insurance was almost bankrupt
CHARLESTON, W.Va. -- In 2005, "Charleston's insurance plan was going bust," said City Manager David Molgaard. Employees had filed a million dollars more in claims than the city's insurance company had predicted. The next year, employees got a raise, but also got hit by an insurance premium hike that almost wiped out their raise.
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Old city insurance was almost bankrupt
CHARLESTON, W.Va. -- In 2005, "Charleston's insurance plan was going bust," said City Manager David Molgaard. Employees had filed a million dollars more in claims than the city's insurance company had predicted. The next year, employees got a raise, but also got hit by an insurance premium hike that almost wiped out their raise.
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