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Three insurance brokers pitch services as University Park prepares broker‑of‑record decision
Summary
Brown & Brown, InsureSource and Alliant each made capability presentations on property and casualty brokerage, risk control, and claims advocacy; trustees asked about deductibles, first‑dollar vs SIR structures and the timeline to receive comparative numbers before making a broker selection.
Three insurance brokerage firms presented capabilities and proposals during the committee portion of the meeting as the village considers selecting a broker of record for property and casualty coverage.
- Brown & Brown (speaker 15) emphasized national scale, claims advocacy, a local service team and an online risk‑management portal. The presenter highlighted Brown & Brown’s claims liaison model to actively pursue recovery from at‑fault parties and to reduce village deductibles in non‑fault crashes.
- InsureSource (speaker 10), which currently assists the village, stressed local presence, experience in the South Suburbs and municipal program work dating back several years, including reforms to prior policy layering and workers’ compensation structures.
- Alliant (speaker 16) emphasized deep public‑entity resources, in‑house actuarial forecasting, extensive loss‑control services and a boutique team approach backed by large‑firm capacity.
Trustees focused questions on deductible structures (first‑dollar versus self‑insured retention), how brokers would handle at‑fault vehicle incidents to avoid applying village deductibles, and how each broker would shepherd the village through pre‑renewal and claims‑review processes. Several trustees requested written pricing scenarios and deductible options so they could compare proposals; the board agreed to review numbers and table final broker selection until the next meeting.
What happens next: Brokers will be asked to deliver comparative cost proposals and deductible options so trustees can review them at the next scheduled meeting before selecting a broker of record.
