Lexington-Fayette Urban County Government - File #: 0626-23

• 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...

Date	Ver.	Action By	Action	Result
6/15/2023	1	Urban County Council
6/15/2023	1	Urban County Council
6/15/2023	1	Urban County Council
6/13/2023	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 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-7...