Port board extends Gallagher Insurance contract for one year after staff cites large premium decrease
The Lake Charles Harbor and Terminal District authorized a one-year extension of its brokerage agreement with Gallagher Insurance at a flat $265,000 price; staff said Gallagher's recent renewal reduced property insurance costs by about $430,000 compared with the prior year.
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The Lake Charles Harbor and Terminal District on Feb. 26 authorized the executive director to extend the district's insurance brokerage agreement with Gallagher Insurance for one additional year at an unchanged price of $265,000.
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