Wells Fargo Insurance Services USA, Inc. Renewal Contract
Submitted for:
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