Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the proposals for FY 2023 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 Marsh & Mclennan Agency: Aviation from Westchester Fire Insurance (Chubb) at a cost not to exceed $36,868.91; General, Auto, Public Officials, Law Enforcement, and Professional from Safety National Casualty Corporation at a cost not to exceed $499,931.03; Excess Liability from Safety National Casualty Corporation at a cost not to exceed $116,588.00; Excess Liability from Gemini Insurance Co. (Berkley) at a cost not to exceed $387,346.04; Property from Affiliated Factory Mutual (FM) at a cost not to exceed $645,678.72; Cyber from Crum & Forster Insurance Co. at a cost not to exceed $98,820.00; Pollution from Illinois Union Insurance Co. (Chubb) at a cost not to exceed $24,427.21; and Workers' Compensation from Safety National Casualty Corporation at a cost not to exceed $436,994.00; all subject to sufficient funds being appropriated. [Div. of Human Resources, Walters]
Summary
Authorization to accept the proposals for FY 2023 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 Ace American Insurance Company; Pollution from Illinois Union Insurance Company; Workers' Compensation from Safety National Casualty Corporation; the Workers' Compensation Payroll Audit; Parks and Recreation Student Insurance; and Industrial Insured Certification, in the amount of $2,246,653.91. Funds are included in the FY 2023 MPB. (L0561-22) (Maxwell/Hamilton)
Budgetary Implications: Yes
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