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Committee backs five-year insurance-brokerage contract with AJ Gallagher; staff cites $480,000 savings
Summary
The committee voted to send a resolution to the full Court of Common Council recommending a five-year contract with AJ Gallagher for insurance brokerage services; city staff said the contract would save roughly $480,000 over five years and reduces brokerage commission from a typical 15% to 7.5% on existing business.
Councilman Amir Carr Hernandez led discussion of item 2.3, a resolution from Mayor Alan Poland authorizing the city to contract insurance brokerage services with AJ Gallagher of Boston, Massachusetts. City CFO Leanne Rolls told the committee the five-year contract would save approximately $480,000 over five years.
Sarah Lowenthal, director of safety and risk in the Finance Department, and Ronnie Rush of AJ…
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