header-left
File #: 0593-24    Version: 1 Name: FY25 Excess Insurance
Type: Resolution Status: Approved
File created: 6/3/2024 In control: Urban County Council
On agenda: 6/27/2024 Final action: 6/27/2024
Enactment date: 6/27/2024 Enactment #: R-323-2024
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2025 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 $54,014.06; general, public officials, auto, employer, and law enforcement liabilities from Safety National Casualty Corporation at a cost not to exceed $779,655.74; on the road auto from Safety National Casualty Corporation at a cost not to exceed $64,341.66; excess liability from Gemini Insurance Co. at a cost not to exceed $538,850.16; property from Affiliated Factory Mutual (FM) at a cost not to exceed at $800,418.00; cyber from Axis Co. at a cost not to exceed $56,745.36; pollution from Illinois Union Insurance Co. (CHUBB) at a cost not to e...
Attachments: 1. Bluesheet Memo 24-0046, 2. LFUCG 24-25 proposal 6.3.24, 3. RESO 0593-24 Excess Property and Casualty Insurance Renewals 4867-1790-7909 v.1.pdf, 4. R-323-2024, 5. Contract #163-2024
Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2025 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 $54,014.06; general, public officials, auto, employer, and law enforcement liabilities from Safety National Casualty Corporation at a cost not to exceed $779,655.74; on the road auto from Safety National Casualty Corporation at a cost not to exceed $64,341.66; excess liability from Gemini Insurance Co. at a cost not to exceed $538,850.16; property from Affiliated Factory Mutual (FM) at a cost not to exceed at $800,418.00; cyber from Axis Co. at a cost not to exceed $56,745.36; pollution from Illinois Union Insurance Co. (CHUBB) at a cost not to exceed $27,695.96; and workers' compensation from Safety National Casualty Corporation at a cost not to exceed $515,201.00; all subject to sufficient funds being appropriated. [Div. of Human Resources, George]
Summary
Authorization to accept the proposals for FY 2025 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 $54,014.06; General, Public Officials, Auto, Employer, Law Enforcement Liabilities from Safety National Casualty Corporation at a cost not to exceed $779,655.74; On the Rd. Auto from Safety National Casualty Corporation at a cost not to exceed 64,341.66; Excess Liability from Gemini Insurance Co. at a cost not to exceed $538,850.16; Property from Affiliated Factory Mutual (FM) at a cost...

Click here for full text