Conduct full reviews of City insurance program 1. Perform the services necessary to replace insurance coverage expiring Nov 22, 2025. Yes No ☐ ☐ 2. Analyze existing policies for errors or omissions, adequacy of coverage, adequacy of limits, appropriate deductible/retention levels, significant restrictions in coverage, concurrency of coverage, duplication or gaps in coverage, coordination of coverage, suitability of forms, financial stability of insurers, and insurer service capability. Yes No ☐ ☐ 3. Review invoices, adjustments, audits, experience modifications, and other data for accuracy and compliance with existing policies. Yes No ☐ ☐ Research and place for broadest insurance coverage with stable insurance carriers. 4. At the direction of the City’s Risk Manager, prepare insurance coverage specifications and market programs prior to expiration of policies, identify markets being approached, and coverage and deductible/retention options being considered. Yes No ☐ ☐ 5. Search the market annually for the best available coverages at the lowest cost. Develop criteria for identification of qualified insurers and, when appropriate reinsurers, giving due consideration to all insurance markets throughout the world including, but not limited to, domestic stock and mutual companies, reciprocals, Lloyds, foreign companies and other markets. No insurance carrier shall be utilized that is not acceptable to the City in its sole discretion.
