Specifications include, but are not limited to: A. Evaluate the City's current insurance program design. Identify and evaluate alternative approaches and recommend program improvements for the City's consideration and potential approval. B. Solicit proposals from qualified insurance carriers who are experienced and familiar with working with New York municipalities on an annual or as needed basis. C. Develop bid specifications to be submitted to the municipal marketplace for which proposals are sought. D. Evaluate submitted proposals by insurance carriers relative to compliance with insurance specifications, cost and ability to perform as required including relative solvency. E. Provide a detailed report of solicited policy renewal options available to Auburn. F. Assist Auburn in determining funding mechanisms for new or newly discovered exposures. G. Review current experience, claims, and market trends, and assist in negotiating cost savings & renewal premiums with insurance providers on an as needed basis. H. Periodically review the liability insurance plans, claims, and fees and provide a reasonability analysis in comparison with industry norms. I. Ongoing risk/loss exposure identification, with suggestions for appropriate insurance and noninsurance treatment. J. Audit all policies, endorsements, rating adjustments, etc.
