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Sura approves new liability coverage with Mesa Underwriters after Dryden Mutual stops insuring properties
Summary
Sura approved Resolution 3476 to award a liability-insurance contract to Mesa Underwriters Specialty Insurance after Dryden Mutual declined further coverage. Staff said limits will increase (per-incident $1M→$2M; aggregate $2M→$4M); the transcript records inconsistent premium figures that require follow-up.
Sura approved a resolution to award a liability-insurance contract to Mesa Underwriters Specialty Insurance after the agency's long-standing carrier, Dryden Mutual Insurance, stopped offering coverage.
Staff told the board the previous policy lapsed and that a short extension through April 2 had been secured while the agency solicited replacement coverage. According to the presenter, the agency’s broker, Haylor Freyer, contacted multiple markets and "Mesa was the only one, my understanding, that responded," leaving Mesa as the sole bidder for the policy.
The presenter said the recommended policy increases per-incident limits from $1 million to $2 million and the aggregate from $2 million to $4 million. The presenter asked for authorization of a contract with a "not to exceed" premium; the transcript contains inconsistent references to the dollar amount (the presenter referred to "not to exceed 6,000" while another participant asked, "$76,000 you're talking about?" and the presenter acknowledged a not-to-exceed figure). The presenter also noted an optional terrorism endorsement that would increase the premium within the authorized limit.
During discussion, the presenter said the coverage would include Sura-owned parcels such as Perseverance Park and 109 West Washington; two leased properties on Salina were not included because leaseholders must carry their own insurance. The presenter said that staff and Commissioner Collins, "as CERRA's contracting agency," would work with Haylor Freyer and Mesa to finalize contract details.
A motion to approve Resolution 3476 was moved and seconded and, following a voice vote in which members voiced assent, the chair said the motion carried. No mover or seconder names or a roll-call vote tally appear in the transcript. The meeting adjourned shortly afterward.
The transcript records the key procedural decision and several implementation details, but contains inconsistent premium figures and does not record the names of the motion mover/second or a numeric vote tally; those items should be confirmed in the final contract and official minutes.
