HomeMy WebLinkAbout~Master - Accepting premium quote from Midwest Employers Casualty Company for 2025/26 Excess Worker's Compensation Insurance RenewalRESOLUTION NO. 25-314
RESOLUTION APPROVING CONTRACT RENEWAL
FOR EXCESS WORKERS' COMPENSATION INSURANCE
FOR THE HUMAN RESOURCES DEPARTMENT, CITY OF AMES, IOWA
WHEREAS, the City began purchasing Excess Workers' Compensation Insurance
coverage brokered by Holmes Murphy on July 1, 2010, to reduce the financial risk of
catastrophic self-insured worker’s compensation claims. The current excess coverage,
which is provided by Midwest Employers Casualty Company (MWECC), will expire on
June 30, 2025; and,
WHEREAS, Holmes Murphy obtained guaranteed pricing from MWECC for FY
2025/26 and FY 2026/27. This allows the City to commit to one year of coverage at a
time, but be guaranteed that the premium will not raise the next fiscal year.
IT IS THEREFORE RESOLVED by the City Council of the City of Ames, Iowa, as
follows:
Section One. Award of contract is made as follows:
Midwest Employers Casualty Company, of Chesterfield, MO, for
FY 2025/26 Excess Workers' Compensation Insurance coverage brokered
by Holmes Murphy at a renewal premium of $151,398.
Section Two. The City Manager and City Clerk are authorized to execute said
contract for and on behalf of the City of Ames, Iowa, and to affix the corporate seal
of the City thereto.
Section Three. All resolutions or orders or parts thereof in conflict herewith are
hereby repealed to the extent of such conflict.
ADOPTED THIS 24th day of June, 2025.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 24th day of June, 2025.