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Committee approves renewal of city insurance package at roughly $3.96 million after restructuring

5112135 · July 1, 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

The Public Works and Utilities Committee approved renewal of the city’s comprehensive insurance program for plan year 2025–26, a package staff said is about 9.4% lower than the previous year after restructuring excess liability coverage and securing multiple carrier quotes.

The Public Works and Utilities Committee voted June 30 to approve the city’s renewal of its comprehensive insurance program for plan year 2025–26, a package the city’s staff and broker said amounts to $3,959,968.57.

Andrea Phillips, appearing as the staff presenter for risk management, said the overall premium package is roughly 9.4% lower than last year. “Overall, our premiums are about 9.4% reduced from this latest plan year,” Phillips said, and she attributed the decline to risk‑management work…

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