Lexington-Fayette Urban County Government - File #: 0609-18

• File #: 0609-18
• Version: 1
• Name: Excess Property and Casualty Insurance Policy Renewals
• Type: Resolution
• Status: Approved
• File created: 5/30/2018
• In control: Urban County Council
• On agenda: 7/3/2018
• Final action: 7/3/2018
• Enactment date: 7/3/2018
• Enactment #: R-412-2018
• Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2019 for excess liability insurance from, and to execute any necessary contracts and documents on behalf of the Urban County Government with, the following insurance companies and/or their respective broker J. Smith Lanier & Co. - Lexington/Powell Walton Milward: aviation from Old Republic Insurance at a cost not to exceed $30,772; general, auto, public officials, law enforcement, and professional from Safety National Casualty Corporation at a cost not to exceed $487,973.67; property from Affiliated Factory Mutual (FM) at a cost not to exceed $320,026.05; cyber from Ace American Insurance Co. at a cost not to exceed $21,748.77; pollution from AIG Specialty Insurance Co. at a cost not to exceed $18,494.71; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $398,383, all subject to sufficient funds being appropriated. [Div. of Risk Manageme...

Date	Ver.	Action By	Action	Result
7/3/2018	1	Urban County Council	Approved	Pass
6/21/2018	1	Urban County Council	Received First Reading
6/12/2018	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2019 for excess liability insurance from, and to execute any necessary contracts and documents on behalf of the Urban County Government with, the following insurance companies and/or their respective broker J. Smith Lanier & Co. - Lexington/Powell Walton Milward: aviation from Old Republic Insurance at a cost not to exceed $30,772; general, auto, public officials, law enforcement, and professional from Safety National Casualty Corporation at a cost not to exceed $487,973.67; property from Affiliated Factory Mutual (FM) at a cost not to exceed $320,026.05; cyber from Ace American Insurance Co. at a cost not to exceed $21,748.77; pollution from AIG Specialty Insurance Co. at a cost not to exceed $18,494.71; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $398,383, all subject to sufficient funds being appropriated. [Div. of Risk Management, Johnston]

Summary
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for Fy 2019 for excess liability insurance from, and to execute any necessary contracts and documents on behalf of the Urban County Government with, the following insurance companies and/or their respective broker J. Smith Lanier & Co. - Lexington/Powell Walton Milward: aviation from Old Republic Insurance at a cost not to exceed $30,772; general, auto, public officials, law enforcement, and professional from Safety National Casualty Corporation at a cost not to exceed $487,973.67; property from affiliated Factory Mutual (FM) at a cost not to exceed $320,026.05; cyber from Ace American Insurance Co. at a cost not to exceed $21,748.77; pollution from AIG Specialty Insurance Co. at a cost not to exceed $18,494.71; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $398,383, all subject to sufficient funds being ap...