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Trustees debate changing village insurance broker as concerns about audits and timing surface
Summary
Trustees questioned a proposal to change the village's property-and-casualty insurance broker, pressed for competitive bids and raised concerns that the village's audited financials are outdated; the board voted to table the broker-of-record item to allow more information and presentations.
Trustees at the University Park board meeting on Oct. 28 debated whether to replace the village's property-and-casualty insurance broker and asked staff to solicit other brokers before making a decision.
The discussion on agenda item F2J began after Trustee Thompson requested a fuller review of the process. Several trustees said they wanted the village to issue requests for qualifications or proposals so multiple brokers could present and explain pricing and options.
The board heard…
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