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Reston Association moves to engage Gallagher as insurance broker; no savings guarantee
Summary
After a fiscal committee review, the board directed staff to initiate the process to make Gallagher the broker of record and return with contract options; staff said the change increases options but does not guarantee cost reductions.
The Reston Association Board voted on Dec. 11 to authorize staff to begin negotiations with Gallagher to become the association’s broker of record for insurance renewals and to return to the board with contract documents.
Why it matters: RA’s insurance program accounts for a significant portion of member assessments; the fiscal committee described historic difficulties with the prior broker and pushed for a new partner to secure more competitive options. Director…
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