HomeMy WebLinkAbout~Master - Renewal of casualty and liability insurance coverages RESOLUTION NO. 03-253
RESOLUTION APPROVING RENEWAL OF
CASUALTY AND LIABILITY INSURANCE COVERAGES
FOR THE CITY OF AMES
WHEREAS, the policy with Employer's Mutual Casualty (EMC) for the City's liability
insurance coverages expires on July 1, 2003; and,
WHEREAS,EMC currently supplies the following coverages: general liability,automobile
liability, transit(bus),public officials,law enforcement activities, employee dishonesty, employee
benefits administration, and excess liability; and,
WHEREAS, staff has worked with Homes-Murphy and Associates to seek out additional
markets to provide liability coverages,however,based on the condition of the marketplace,staffwas
unable to locate favorable markets that could match the terms and conditions of the current EMC
policies; and,
WHEREAS, the renewal quotation from EMC is 1.1% more than the adopted 2003/04
budget; and,
WHEREAS, staff was successful in negotiating with EMC to keep all of the current terms
and coverages the same as under the current contract.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that renewal of the casualty and liability insurance coverages with Employer's Mutual Casualty in
the amount of$437,069 is hereby approved.
ADOPTED THIS 24`h day of June, 2003.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Vegge
Voting aye: Cross, Goodhue, Mahayni, Vegge, Wirth
Voting nay: None Absent: Hoffman
Resolution declared adopted and signed by the Mayor this 24'of June, 2003.