The Housing Authority of the City of Los Angeles (“HACLA”) is seeking the professional services of one or more Brokers of Record (BOR) to procure the following lines of coverage: property, general liability, excess/umbrella liability, and such other insurance as may be required in the normal course of the acquisition and operation of real property in accordance with the minimum coverage amounts or other requirements of the Fannie Mae Multifamily Selling and Servicing Guide (“SSG”), Effective as of May 8, 2025, as such may be amended, for any property with an estimated insurable value of up to $300,000,000, with deductibles as may be permitted under SSG. The selected BOR will be expected to negotiate the most competitive rates for coverages that best meet HACLA’s business needs. Additionally, the selected BOR must provide a thorough renewal presentation each year at least thirty (30) days before the policy expiration date with policy recommendations to include an analysis of available alternatives in consideration of HACLA’s exposures and operational needs. Brokerage services must also include market research, policy endorsements, certificates of insurance, and coverage consultation on claims filed against HACLA. The BOR will also advise on a continuing basis, and in a timely manner, of all significant matters and developments regarding carrier service issues. Responding BORs who have authority to price policies on behalf of carriers shall receive preference in the selection process.
