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Finance recommends renewal with Travelers for city property-casualty insurance
Summary
Finance staff recommended renewing the city’s property-casualty insurance with Travelers for FY2026, reporting a competitive solicitation in which Travelers offered the best coverage and a roughly 5% premium increase; council was told the procurement required seven votes because it was without public bidding.
City finance staff recommended renewing the city’s property-casualty insurance program for fiscal year 2026 with Travelers. Staff said the insurance broker marketed the coverage to multiple carriers; two carriers submitted competitive interest, one declined, and Travelers provided the…
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