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LCRA approves five‑year, up‑to‑$50 million insurance brokerage contract with Aon Risk Services
Summary
The Lower Colorado River Authority approved a five‑year contract with Aon Risk Services to provide brokerage services and manage insurance for more than 25 property and casualty policies, with a not‑to‑exceed amount of $50 million.
The Lower Colorado River Authority board voted Nov. 12 to approve a five‑year contract with Aon Risk Services to provide insurance brokerage services covering brokerage fees and premiums for more than 25 property and casualty policies.
"This is for a new contract with Aon Risk Services to provide brokerage services for LCRA's property and casualty insurance," Matt Chavez, supply‑chain staff, said during the presentation. Chavez told the board the contract covers both brokerage fees and the cost of premiums and that supply chain staff recommended approval of a five‑year contract not to exceed $50,000,000.
Board members asked no substantive policy questions before approving the item by voice vote. The transcript records a motion to approve and the chairman calling for an aye/nostance; no roll‑call tally was recorded in the public transcript.
The contract is intended to consolidate brokerage for multiple policies under Aon, and staff said they would answer follow‑up questions as needed. The board’s approval authorizes staff to proceed with the recommended contract procurement steps.
