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Santa Fe council approves $3.96 million renewal of city insurance program
Summary
On June 30 the Santa Fe City Council approved a $3,959,968.57 renewal of the city's comprehensive insurance program for plan year 2025'2026, authorizing broker Arthur J. Gallagher to bind coverages and restructuring excess liability and law-enforcement liability placements.
The Santa Fe City Council on June 30 approved renewal of the city's comprehensive insurance program for plan year 2025'2026, authorizing broker Arthur J. Gallagher to bind coverages totaling $3,959,968.57.
The vote came at a special meeting called at the end of the fiscal year to avoid a lapse in coverage. Councilors approved the renewal by roll call after staff explained changes to retention levels and carrier placement.
Andrea Phillips, who presented the item to the council, said the timing was driven by the fiscal-year…
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