Lexington-Fayette Urban County Government - File #: 0617-13

• File #: 0617-13
• Version: 1
• Name: Property & Casualty Insurance Renewals FY2014
• Type: Resolution
• Status: Approved
• File created: 5/31/2013
• In control: Urban County Council
• On agenda: 6/20/2013
• Final action: 6/20/2013
• Enactment date: 6/20/2013
• Enactment #: R-326-2013
• Title: A Resolution authorizing and approving the purchase of the following insurances: excess property insurance through Alliant from PEPIP ($317,403.78), excess workers' compensation through Alliant from New York Marine and General Insurance Co. ($326,989.00), excess aviation liability through Powell Walton Milward from Old Republic Insurance Co. ($4,581.00), excess liability (general, automobile and public official's) through Powell Walton Milward from Munich Re ($561,396.00), and self-insured auto no-fault bond through Powell Walton Milward from International Fidelity Insurance Co. ($2,500.00), for FY 2014, at a total cost not to exceed $1,212,869.78, and authorizing and directing the Mayor, on behalf of the Urban County Government, to execute all necessary documents to accomplish the same. [Office of the Chief Administrative Officer, Hamilton]

Date	Ver.	Action By	Action	Result
6/20/2013	1	Urban County Council	Approved	Pass
6/6/2013	1	Urban County Council	Received First Reading
6/4/2013	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
A Resolution authorizing and approving the purchase of the following insurances: excess property insurance through Alliant from PEPIP ($317,403.78), excess workers' compensation through Alliant from New York Marine and General Insurance Co. ($326,989.00), excess aviation liability through Powell Walton Milward from Old Republic Insurance Co. ($4,581.00), excess liability (general, automobile and public official's) through Powell Walton Milward from Munich Re ($561,396.00), and self-insured auto no-fault bond through Powell Walton Milward from International Fidelity Insurance Co. ($2,500.00), for FY 2014, at a total cost not to exceed $1,212,869.78, and authorizing and directing the Mayor, on behalf of the Urban County Government, to execute all necessary documents to accomplish the same. [Office of the Chief Administrative Officer, Hamilton]
Summary
Authorization to execute FY 2014 Property & Casualty Insurance Renewals - Aviation, Excess Liability (AL/GL/POL), Excess Property, Self-Insured Auto No-Fault Bond and Excess Workers' Compensation. (L0617-13) (Hamilton)
This is a request to execute FY 2014 Property & Casualty Insurance Renewals - Aviation, Excess Liability (AL/GL/POL), Excess Property, Self-Insured Auto No-Fault Bond and Excess Workers' Compensation. The total premium is $1,212,869.78. Funds are budgeted.

Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number: 1101-XXXXXX-XXX-73101 $982,424.52
1115-XXXXXX-XXX-73101 $97,029.58
4002-XXXXXX-XXX-73101 $133,415.68
This Fiscal Year Impact: $1,212,869.78
Annual Impact: $1,212,869.78
Project:
Activity:
Budget Reference:

Current Budget: FY 2014 Proposed Budget includes:
1101 $1,229,540; 1115 $121,440; 4002 $167,000

Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the purchase of excess property insurance through Alliant from PEPIP, excess wo...