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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 compared with last year across several policies, citing savings on cyber insurance, workers’ compensation and property coverage and noting the largest savings came from the excess liability decision. The transcript records that statement but does not provide a clear speaker name for that remark; the meeting record should be checked for the official author of the figure.
Brokers for the city — identified in the transcript as Tony Evans (Marsh McLennan) and Tom Wiedemann (transcript spelling: Aliens) — were present for questions. Council amended an initial motion to explicitly specify Arch Insurance as the selected excess workers’ compensation carrier before voting; the roll call recorded eight ayes on that item. The council later voted unanimously on the Metis contract for excess liability.
Transcript notes: premium and rate figures for the Arch Insurance renewal and some contract-fee numbers in the spoken record are inconsistent or garbled in the transcript. For example, Arch Insurance premium figures appear in multiple forms in the spoken record; the Metis overall cost is recorded as $1,000,015 after applying a reported $10,000 credit, and the cyber liability contract amount was recorded as not to exceed $23,187.
Council authorized the administration to execute the approved contracts. The council’s approval of the insurance renewals was framed in the meeting as part of preparing the municipal budget for 2026.
Next steps: the administration will finalize and execute the insurance contracts and reflect the final premiums and savings in the city’s financial records.
