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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 savings when a program that has not been competitively bid in three to five years is put to the market; he cautioned that there are no guarantees.
JD Curls, Gallagher representative who worked with city staff, summarized the firm’s prior work with the city on employee benefits and said Gallagher had helped identify roughly $415,000 in first‑year savings on a previous benefits renewal by moving to a different arrangement; that work included administrative and onboarding tools the firm implemented for the city.
Why it matters: City staff told the council the city spends approximately $1.75 million annually for property and casualty coverage; a meaningful reduction in that cost could free up general fund dollars for other priorities, or reduce future premium pressure.
Council action: Council approved resolution 2025‑059 authorizing the city to enter a year‑to‑year agreement with Gallagher to conduct a needs assessment and to solicit competitive quotes for property and casualty insurance. Council discussion focused on contract length and whether the city would be bound for multiple years; Gallagher and the city manager clarified the engagement is one year with optional renewals, and councilors asked that staff return to evaluate first‑year outcomes before committing beyond year one.
Implementation notes: Gallagher proposed a scope that includes compiling underwriting data, coordinating with underwriters, and implementing service improvements such as safety training. The firm said it had a local office and would work to protect the existing relationship while testing the market for competitive options.
Ending: Council approved the resolution by roll call vote. Staff said the city manager will oversee the engagement and report back on progress and results.
