Lexington-Fayette Urban County Government - File #: 0595-19

• File #: 0595-19
• Version: 1
• Name: Request for Authorization to Renew Excess Property and Casualty Insurance Policies
• Type: Resolution
• Status: Approved
• File created: 5/23/2019
• In control: Urban County Council
• On agenda: 6/20/2019
• Final action: 6/20/2019
• Enactment date: 6/20/2019
• Enactment #: R-339-2019
• Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2020 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 Westchester Fire Insurance Co. at a cost not to exceed $20,571.74; general, auto, public officials, law enforcement, and professional from Safety National Casualty Corporation at a cost not to exceed $489,805.81; property from Affiliated Factory Mutual (FM) at a cost not to exceed $351,365.00; 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 $18,992.11; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $395,692.00, all subject to sufficient funds being appropriated. [Div. of...

Date	Ver.	Action By	Action	Result
6/20/2019	1	Urban County Council	Approved	Pass
6/6/2019	1	Urban County Council	Received First Reading
6/4/2019	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 2020 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 Westchester Fire Insurance Co. at a cost not to exceed $20,571.74; general, auto, public officials, law enforcement, and professional from Safety National Casualty Corporation at a cost not to exceed $489,805.81; property from Affiliated Factory Mutual (FM) at a cost not to exceed $351,365.00; 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 $18,992.11; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $395,692.00, all subject to sufficient funds being appropriated. [Div. of Risk Management, Johnston]

Summary
Authorization to Renew Excess Property and Casualty Insurance Policies for FY2020. Funds requested in the FY2020 Budget. (L0595-19) (Johnston/Hamilton)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: No
Risk Management: Yes, Completed by Patrick Johnston, 5/22/19
Fully Budgeted [select]: Yes
Account Number: 1101-XXXXXX-XXXX-73101 $940,691.07
1115-XXXXXX-XXXX-73101 $96,779.28
4002-XXXXXX-XXXX-73101 $271,300.84
4051-XXXXXX-XXXX-73101 $2,403.50
This Fiscal Year Impact: $1,311,174.69
Annual Impact:
Project:
Activity:
Budget Reference:
Current Balance: Included in FY 20 Mayor's Proposed Budget
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to accept the proposals for FY 2020 for excess liability insurance, which are attached hereto and incorporated herein...