Public Employee Dishonesty

In a startling revelation, a surge in the City of South Bend's "Public Employee Dishonesty" insurance policy has come to light. This particular policy, which had been stable at a worth of $1M for a span of nearly 7+ years from 2013-2020 (could be longer), witnessed a sudden doubling, escalating to a whopping $2M in 2021.

The city officials have not yet shed any light regarding the sudden spike.Investigative entity, Redress South Bend, has managed to procure public documents that validate this hike. However, these materials are strikingly silent on any explanation or reasoning that might justify this hefty financial decision. Responding to this glaring omission, Redress South Bend has proceeded to file a public record request, in hopes of obtaining further insights into the matter and any documentation indicating past use of this insurance policy.The "Public Employee Dishonesty" insurance is designed to offer financial protection against losses incurred due to fraudulent activities conducted by city employees. It safeguards against numerous unlawful conduct such as theft of property or cash, fraudulent transactions, embezzlement, unauthorized financial transfers, and credit card fraud. It remains a mystery as to why the City of South Bend deemed it necessary to increase the coverage from $1M to $2M, effectively doubling the existing protection against employee dishonesty. It's worth noting that this policy applies to all city staff, regardless of their employment terms.The ambiguity surrounding whether this policy has been invoked in the past and the factors influencing the sudden increase in coverage continues to be a matter of speculation. The public, along with their watchdogs, eagerly anticipate a more transparent disclosure from the city.