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Trustees renew fiduciary liability insurance with no premium change
Summary
The board approved renewal of its fiduciary liability policy; staff said the city solicits quotes for all plans and there was no change in the premium or coverage.
Staff informed trustees that the plan's fiduciary liability insurance policy was due for renewal and that the city had solicited quotes. Staff reported no change in the premium or coverage. A trustee moved to renew the policy and trustees voted by voice "Aye" to approve the renewal.
Staff noted the city frequently bundles plans for competitive quotes and that nothing about the coverage changed for this renewal period. Trustees did not request additional quotes or changes to coverage at the Sept. 16 meeting.
