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40.

Meeting Date:	09/22/2014
Property and Casualty Insurance
Submitted for:	Rosie Rodman	Submitted By:	Rosie Rodman, Administrative Services
Department:	Administrative Services

Subject:

Presentation by Insurance Consultant with discussion and possible action to award contract of Webb County's Property and Casualty Insurance to broker Wells Fargo, Inc., also working with Midwest Employers Casualty Company and OneBeacon Insurance effective October 1, 2014 thru September 30, 2015 at a 2.7% rate increase which was less than originally agreed upon with an approximate total premium of $680,497.00, and to authorize the Webb County Judge to execute all relevant documents. [Accounts #001-0114-6032, #817-0105-6035 and #817-0105-6022]

Background:

Property and Casualty was renewed with broker WellsFargo Insurance with a 3% increase of total premium.

Previous Court Action:

n/a

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
The financial impact that will be affected are: 001-0114-6032 817-0105-6035 817-0105-6022

Attachments
property and casualty