Discussion with possible action to change the Agent of Record from IBC Insurance to FalconSure for all currently active and future insurance bonds for Elected Officials; and any other matters incident thereto. [Requested by Risk Management Department]
Issue: Webb County changed their depository in August, 2019 but did not change their insurance coverage for bonds required for all Elected Officials.
Solution: All bonds for Elected Officials will remain with Western Surety, CNA and Suretec (current carriers) but will now be serviced by FalconSure.
Result: Bonds for Webb County Elected Officials will now be serviced by FalconSure.