File #: #R8624    Version: Name: RENEWAL OF VARIOUS INSURANCE COVERAGES
Type: Resolution Status: Agenda Ready
File created: 1/20/2026 In control: CITY COMMISSION REGULAR MEETING
On agenda: 2/23/2026 Final action:
Title: Temp. Reso. #R8624 authorizing a second one year renewal of the insurance brokerage contract, from June 30, 2026 to June 29, 2027; and approving the contract's assignment from McGriff Insurance Services to Marsh and McLennan and approving various insurance coverages for the City's property and casualty insurance program, as part of the City's comprehensive risk management program, effective April 1, 2026; approving a projected premium cost of $4,286,073 not to exceed $4,500,000 including taxes and fees; declaring by four-fifths affirmative vote that applying the City's competitive procurement procedures to the insurance renewals is not in the City's best interest, thereby exempting the insurance renewals from the City's competitive procurement requirements; authorizing the Human Resources Director to negotiate lower premium amounts due under the insurance renewals; authorizing the City Manager to execute the insurance renewal agreements. (Chief HR Officer/Director of Human Resources Ka...
Attachments: 1. TR8624 Property and Casualty Ins. Renewal with backup

CITY OF MIRAMAR

PROPOSED CITY COMMISSION AGENDA ITEM

 

Item Description:

Title

Temp. Reso. #R8624 authorizing a second one year renewal of the insurance brokerage contract, from June 30, 2026 to June 29, 2027; and approving the contract’s assignment from McGriff Insurance Services to Marsh and McLennan and approving various insurance coverages for the City’s property and casualty insurance program, as part of the City’s comprehensive risk management program, effective April 1, 2026; approving a projected premium cost of $4,286,073 not to exceed $4,500,000 including taxes and fees; declaring by four-fifths affirmative vote that applying the City’s competitive procurement procedures to the insurance renewals is not in the City’s best interest, thereby exempting the insurance renewals from the City’s competitive procurement requirements; authorizing the Human Resources Director to negotiate lower premium amounts due under the insurance renewals; authorizing the City Manager to execute the insurance renewal agreements. (Chief HR Officer/Director of Human Resources Kanika Stampp)