Discussion and possible action to terminate the relationship between Valley Risk Consulting and Webb County and to provide written, 30 (thirty) days effective notice of termination, effective date of notice to be January 1, 2018 and authorizing County Judge to sign any relevant documents and any other matters incident thereto. [Requested by Alexandra Colessides, Interim Director-Risk Management].
Issue: The contract between the consulting firm and the County expired at the end of fiscal year 2016/2017. Since the expiration of said agreement, no new contract has ever been executed by the County and the current relationship between the County and Valley Risk Consulting is presently on a month-to-month basis. The County has had the same insurance consultant for approximately five years. The County has experienced millions of dollars’ worth of shortfalls in the self-insured health plan for several years, no solutions that have been offered and utilized have curbed the annual losses beyond budgeted amounts, and the County employees have seen their rates increase significantly.