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South Miami approves employee health insurance renewal amid questions about broker compensation
Summary
Commissioners approved a resolution to renew employee health insurance (approx. $1.25M premium) and discussed the city's shift from a flat broker fee to a 6% commission arrangement; staff provided prior-year and current compensation figures for comparison.
The City Commission voted to renew the city’s employee health insurance program for fiscal year 2025–26 and discussed changes to broker compensation during deliberations.
Clerk read a resolution authorizing renewal of coverage with Cureton Insurance Company for an approximate premium of $1,254,027. Commissioners asked whether the city had procured broker services through a formal process and for total broker compensation. Lisa Kelsey of USI Insurance Services said the commission-based charge is 6 percent. Deputy staff later reported prior-year figures: a flat fee of about $30,000 plus roughly $37,000 in commissions on certain products (aggregate about $67,000), while USI’s total broker compensation this year is approximately $73,000.
Commissioner Kaye moved the resolution and Vice Mayor Corey seconded; the clerk recorded a roll call and the measure passed. Commissioners asked staff to provide a clear accounting of total broker compensation and whether a formal procurement is in place for multi-year arrangements.
