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File #: 0626-23    Version: 1 Name: 23-0045 Human Resources - Excess Insurance FY24
Type: Resolution Status: Approved
File created: 6/6/2023 In control: Urban County Council
On agenda: 6/15/2023 Final action: 6/15/2023
Enactment date: 6/15/2023 Enactment #: R-338-2023
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2024 for Excess Liability Insurance from Marsh & McLennan Insurance Agency, 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 Marsh & McLennan Agency: Aviation from Westchester Fire Insurance (Chubb) at a cost not to exceed $46,310.86; General, Auto, Public Officials, Law Enforcement, and Professional from Safety National Casualty Corporation at a cost not to exceed $645,856.00; Excess Liability from Gemini Insurance Co. at a cost not to exceed $421,889.65; Property from Affiliated Factory Mutual (FM) at a cost not to exceed $774,752.00; Cyber from Berkley Assurance Co. at a cost not to exceed $77,255.28; Pollution from Illinois Union Insurance Co. (Chubb) at a cost not to exceed $26,337.73; and Workers' Compensation from Safety National Casualty Corporation at a co...
Attachments: 1. BlueSheet Memo 22.0045, 2. Renewal Proposal - updated 6.6.23, 3. 00784126.pdf, 4. R-338-2023, 5. Contract #190-2023

Title

A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2024 for Excess Liability Insurance from Marsh & McLennan Insurance Agency, 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 Marsh & McLennan Agency: Aviation from Westchester Fire Insurance (Chubb) at a cost not to exceed $46,310.86; General, Auto, Public Officials, Law Enforcement, and Professional from Safety National Casualty Corporation at a cost not to exceed $645,856.00; Excess Liability from Gemini Insurance Co. at a cost not to exceed $421,889.65; Property from Affiliated Factory Mutual (FM) at a cost not to exceed $774,752.00; Cyber from Berkley Assurance Co. at a cost not to exceed $77,255.28; Pollution from Illinois Union Insurance Co. (Chubb) at a cost not to exceed $26,337.73; and Workers’ Compensation from Safety National Casualty Corporation at a cost not to exceed $491,845.00; all subject to sufficient funds being appropriated. [Div. of Human Resources, Walters]

Summary

Authorization to accept renewals for FY 2024 for Excess Liability Insurance from Marsh & McLennan Insurance Agency: Aviation from Westchester Fire Insurance; General, Auto, Public Officials, Law Enforcement, and Professional from Safety National Casualty Corporation; Excess Liability from Safety National Casualty Corporation; Property from Affiliated Factory Mutual (FM); Cyber from Berkley Assurance Company; Pollution from Illinois Union Insurance Company; Workers’ Compensation from Safety National Casualty Corporation; in the combined total amount of $2,484,246.52. Funds are included in the FY 2024 Mayor’s Proposed Budget. (L0626-23) (Walters/Hamilton)

 

Budgetary Implications [select]: Yes

Advance Document Review:

Law: Yes, [C. Ross, June 2023]}

Risk Management:  Yes

Fully Budgeted: included in FY 24 proposed Budget

Account Number:                     1101-XXXXXX-XXXX-73101                     $1,806,295.64

1115-XXXXXX-XXXX-73101                     $169,425.62

4002-XXXXXX-XXXX-73101                     $503,556.77

4051-XXXXXX-XXXX-73101                     $4,968.49

This Fiscal Year Impact:                     $2,484,246.52

Annual Impact:                      $

Project:

Activity:

Budget Reference:

Current Balance:  included in FY 24 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 2024 for excess liability insurance, which are attached hereto and incorporated herein by reference, and to execute, on behalf of the Lexington-Fayette Urban County Government, any necessary Contracts or documents with the following insurance companies by and through Marsh & McLennan Agency as broker: Westchester Fire Insurance Company (Chubb) for aviation; Safety National Casualty Corporation for general, auto, public officials, law enforcement, and professional; Gemini Insurance Company for excess liability; Affiliated Factory Mutual (FM) for property; Berkley Assurance Company for cyber; Illinois Union Insurance Company/Chubb for pollution; and Safety National Casualty Corporation for workers’ compensation.

                     Section 2 - That an amount, not to exceed the sums stated, be and hereby is approved for payment to Marsh & McLennan Agency on behalf of the insurance companies, and/or the companies: Westchester Fire Insurance Company - $46,310.86; Safety National Casualty Corporation - $645,856.00; Gemini Insurance Company - $421,889.65; Affiliated Factory Mutual (FM) - $774,752.00; Berkley Assurance Company - $77,255.28; Illinois Union Insurance Company - $26,337.73; and Safety National Casualty Corporation - $491,845.00 from FY 2024 account numbers 1101-XXXXXX-73101 ($1,806,295.64), 1115-XXXXXX-73101 ($169,425.62), 4002-XXXXXX-73101 ($503,556.77), and 4051-XXXXXX-73101 ($4,968.49) pursuant to the terms of the proposed Contracts, and subject to sufficient funds being appropriated in these accounts.

                     Section 3 - That this Resolution shall become effective on the date of its passage.

                     

PASSED URBAN COUNTY COUNCIL:

 

 

 

                                                                                                                                                   _______________________________

                                                                                                                                                   MAYOR

 

 

ATTEST:

 

________________________________

CLERK OF URBAN COUNTY COUNCIL

0626-23 CARX:\Cases\HR\23-LE0001\LEG\00784126.RTF