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City counsel says staff is working to avoid last-minute emergency insurance purchases
Summary
Chief Counsel Ed Rucker told the committee staff is working with broker Lockton to avoid the past practice of emergency ordinances in June for the city's insurance renewals; he said staff expects increases at or below the 15% budgeted amount and will continue outreach, but carriers often delay bids until late in the cycle.
Ed Rucker, chief counsel for management and operations in the law department, updated the Finance and Budget Committee on May 13 about the city's insurance procurement cycle and efforts to avoid last-minute emergency ordinances.
Rucker said staff has scheduled meetings with Lockton, the city's…
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