Committee reviews AccuSure professional services agreement after acquisition of Mock and Hop

The Williamsport Finance Committee on March 25 reviewed a resolution authorizing a professional services agreement with AccuSure Mid Atlantic Partners Insurance Services following AccuSure's acquisition of Mock and Hop.

Jamie Livermore, who presented the item after joining the meeting, said AccuSure has acquired Mock and Hop and that the principal change in the agreement would be payment frequency: the contract shows quarterly payments rather than the prior monthly schedule. "This resolution is for AccuSure, which has now acquired Moc and Hop. So, they're the only change ... we are now going to make payments quarterly, whereas before we did monthly payments to mock and hop," Livermore said. The contract contains a quarterly line showing $14,700 per quarter in the presentation; staff said they would verify monthly versus quarterly comparability of total annual cost before final action.

Committee members asked whether services or staffing would change. Livermore said the same representatives and actuaries would continue to provide services and that the engagement language permits assigning service team members from among AccuSure staff as needed. "The services are all the same according to our representatives," Livermore said. He also said he would confirm the exact cost comparison for the committee's next meeting.

Committee members said continuity of account representatives and actuaries was important because they are familiar with city issues. No formal committee vote was recorded in the transcript; staff said they would gather final cost information and bring it to the next meeting for confirmation.