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Council approves one‑year Gallagher contract to seek property/casualty savings after consultant briefing
Summary
Gallagher Consulting briefed the council about a competitive procurement to reduce property and casualty insurance costs and potential ongoing services; the council approved a one‑year contract to proceed with a market solicitation and needs assessment.
Gallagher Consulting presented results of a yearlong review and proposed a one‑year engagement to run a competitive procurement for the city’s property and casualty insurance program. Council voted to approve a resolution authorizing the contract at the April 21 meeting.
Justin Terry, area senior vice president with Gallagher, said the firm’s work was aimed at introducing competition to the city’s long‑standing relationship with the Florida Municipal Insurance Trust (FMIT) and improving the city’s pricing and risk position. He told the council his firm typically sees 10–30 percent…
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