City Council

42. 26-55394 Recommendation to authorize City Manager, or designee, to purchase, through Alliant Insurance Services, Inc., the following insurance policies: excess municipal liability insurance at a premium not to exceed $13,935,240, with multiple carriers; a deductible buy-down policy with Safety National to reduce the City’s self-insured retention to $7.5 million at a premium not to exceed $2,411,881; Officer Involved Shooting (OIS) coverage with Lloyd’s of London at a premium not to exceed $901,511; airport liability insurance with National Union Fire Insurance Company at a premium not to exceed $169,091; aircraft liability and hull insurance for Police Department helicopters with National Union Fire Insurance Company at a premium not to exceed $61,742; storage tank insurance with Liberty Surplus Insurance Corporation at a premium not to exceed $44,038; SPILLS pollution coverage with Ironshore Specialty Insurance Company at a premium not to exceed $11,529; drone coverage with Starr Indemnity & Liability Company at a premium not to exceed $14,191; crime coverage with PRISM at a premium not to exceed $57,900; volunteer medical coverage with National Union Fire Insurance Company of Pittsburg, PA at a premium not to exceed $14,063; marine insurance with Atlantic Specialty Insurance Company at a premium not to exceed $498,890; cyber excess coverage with Liberty Surplus Insurance Corporation at a premium not to exceed $210,469; cyber breach response buy-up with Lloyd’s of London - Beazley Syndicates at a premium not to exceed $6,345; and medical professional liability insurance with Admiral Insurance Company at a premium not to exceed $81,259. The total cost of all coverages shall not exceed $18,418,150, and all policies will be effective for a 12-month period from July 1, 2026, to July 1, 2027. Further, authorize City Manager, or designee, to execute all documents necessary to secure these coverages, including any required Joint Powers Authority (JPA) Agreement and Memorandum of Understanding (MOU) with PRISM to maintain Crime Coverage. (Citywide) Levine Act: Yes Office or Department: Human Resources Suggested Action: Approve recommendation.