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Council awards employee and retiree life and AD&D insurance to Standard after limited competitive response

2962770 · March 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City awarded the basic life and AD&D insurance contract to Standard after staff said only one bidder offered full retiree coverage; the renewal rate was about 8% and Standard offered a two-year rate guarantee.

The Groves City Council approved awarding the bid for employee basic life and accidental death & dismemberment (AD&D) insurance and retiree life insurance to Standard (the carrier referenced as “standard” in the meeting). Staff recommended Standard after soliciting quotes; meeting presenters said Standard was the only carrier that submitted a full…

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