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Carthage council adopts insurance‑broker resolution, keeps Guaranty Bank for banking; approves claims report
Summary
Council adopted a resolution to change brokers for liability insurance and approved staying with Guaranty Bank for municipal banking services. The committee reported the broker agreement and the bank recommendation; the claims report of $2,673,127.60 was approved by the council.
The City Council on May 13 adopted a resolution authorizing a broker agreement for liability insurance and advanced an ordinance to continue municipal banking services with Guaranty Bank.
At the committee on insurance, audits and claims, City Administrator Tracy Cox reviewed a proposed broker agreement to…
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