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Long-time city agent urges caution before switching to pooled insurance
Summary
Tom Sawyer of Brown & Brown, the city's incumbent agent, told the Long Beach board that pooled programs and unfamiliar bylaws could leave the city exposed, citing past hurricane losses and FEMA requirements and asking for further legal and claims review before any change.
Tom Sawyer of Brown & Brown, who identified himself as the city's long-time insurance agent, told the Long Beach board that proposals to change placement to a pooled structure deserve careful legal and operational review.
"When you're talking about coverage...this is serious business," Sawyer said, noting the city's $28 million statement of insured values and recounting the city's Katrina-era claims experience. He urged the board to have the city attorney and subject-matter experts review any pool bylaws and to conduct a claims and policy analysis before naming a new agent or altering coverage placement.
Sawyer asked that the city avoid voting on policy changes without a full understanding of deductibles, bylaw language and how a pooled structure would interact with FEMA reimbursements. Several board members said they wanted a committee meeting and more data before making final placement decisions.
