Commissioners Court Meeting

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Meeting Date:	09/26/2016
Wells Fargo Insurance Services USA, Inc. Renewal Contract
Submitted for:	Rosie Rodman	Submitted By:	Rosie Rodman
Department:	Administrative Services

Subject:

Presentation by Insurance Consultant and Insurance Broker with discussion and possible action to award renewal contract of Webb County's 2016-2017 Property/Casualty, Liability Insurance/Excess Workers Compensation, Aviation Liability & Hull Insurance, and Boiler & Machinery Equipment Breakdown Insurance and to decline TRI Terrorism coverage from Wells Fargo Insurance Services USA, Inc. (Broker), through the following insurance carriers for a total of no more than Seven Hundred Four Thousand, Five Hundred Thirty-Three Dollars and Zero Cents ($704,533.00) and to authorize the Webb County Judge to execute all relevant documents. [Accounts #001-0114-6032 (Property Casualty Premium) and #817-0105-6035 (Worker's Compensation Premium)]

a) Midwest Employers Casualty Company
b) OneBeacon Government Risk
c) Travelers
d) AIG

Issue: Annual Renewal of Property and Casualty Insurance.

Solution: To approve the renewal of Property and Casualty Insurance.

Result: Insurance coverage will not laps in service.

Background:

Proposals brought before the court to review and approve for another year of Property and casualty coverage.

Previous Court Action:

Yearly insurance policy taken to court for annual approval.

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
Property and Casualty Premium accounts #001-0114-6032 and 817-0105-6035 Worker Compensation Premium

Attachments
Property and Casualty
Letter of Recommendation