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File #: 20-6025    Version: 1 Name: Renewal of Property and Casualty Insurance Program for FY 2020-2021
Type: Resolution Status: Passed
File created: 9/3/2020 In control: City Commission
On agenda: 9/16/2020 Final action: 9/16/2020
Title: *Authorizing the placement of the City’s Property and Casualty Insurance Program for 2020-2021 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of $1,465,968.00, pursuant to Section 2-797(4)(b) of the Code of Ordinances, Exempt Contractual Services; Authorizing acceptance of World Risk Management as the Agent/Broker for the City’s Casualty Insurance Program for policy years 2020-2021; Approving pursuant to Section 2-797(4)(b) of the Code of Ordinances the placement of the City’s Ancillary Policies in the amount of $93,052.00 through Public Risk Insurance Agency (PRIA) to include: Westchester Fire Insurance for Aircraft (Drone) Coverage provided by WRM ($3,043.00); Great American for Marine Operators Legal Liability Coverage ($15,316.00), Outer Mole Excess Liability Coverage ($10,450.00), Wharfingers Liability Coverage ($14,269.00), Hull & Machinery Coverage ($15,547.00), Vessel Pollution Coverage ($6,025.00); ACE American Insurance C...
Sponsors: Greg Veliz
Attachments: 1. Resolution, 2. Executive Summary Property Casualty 2020-2021, 3. Ben Few Prop Cas Insurance Renewal Recommendation for 20-21, 4. INTERISK 2020-2021 Insurance Renewal Evaluation, 5. Key West 2020 - 2021 P&C Renewal Proposal, 6. Key West Ancillary Coverage Proposal 20-21, 7. Key West Premium Comparison 20-21 Revised 9-3-20

Title

*Authorizing the placement of the City’s Property and Casualty Insurance Program for 2020-2021 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of $1,465,968.00,  pursuant to Section 2-797(4)(b) of the Code of Ordinances, Exempt Contractual Services; Authorizing acceptance of World Risk Management as the Agent/Broker for the City’s Casualty Insurance Program for policy years 2020-2021; Approving pursuant to Section 2-797(4)(b) of the Code of Ordinances the placement of the City’s Ancillary Policies in the amount of $93,052.00 through Public Risk Insurance Agency (PRIA) to include: Westchester Fire Insurance for Aircraft (Drone) Coverage provided by WRM ($3,043.00); Great American for Marine Operators Legal Liability Coverage ($15,316.00), Outer Mole Excess Liability Coverage ($10,450.00), Wharfingers Liability Coverage ($14,269.00), Hull & Machinery Coverage ($15,547.00), Vessel Pollution Coverage ($6,025.00); ACE American Insurance Company (Chubb) for AD&D Coverage ($7,550.00); Commerce & Industry for Storage Tank Liability ($6,511.00); Indian Harbor Insurance Company for Pollution Liability ($14,341.00); Authorizing acceptance of Public Risk Insurance Agency (PRIA) as the agent/broker for the City's Ancillary Policies, with the exception of Drone Coverage (WRM); Authorizing the City Manager to execute all documents consistent therewith with the consent and advice of the City Attorney.