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Berwyn approves new insurance contracts; council hears $506,389 in claimed insurance savings
Summary
Council approved renewal contracts for workers’ compensation and excess liability insurance and a cyber policy. A speaker stated the city’s insurance work this year will save $506,389 compared with last year; transcript contains inconsistent premium figures that require verification.
The Berwyn city council approved a set of insurance renewals and contracts after hearing from administration and brokers. Council concurred with administration to renew excess workers’ compensation coverage and to place the contract with Arch Insurance, approved an excess liability contract with Metis, and authorized a cyber liability policy with Palomar Excess and Surplus Insurance.
During discussion, a speaker told the council the city’s insurance actions and the votes recorded that evening would save the city $506,389…
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