City Council

15. Renewal of Citywide Insurance Program and Policies Procured through Independent\nCities Risk Management Authority (ICRMA) and Arthur J. Gallagher, and\nAppropriation Adjustment, Associated Insurance Premiums, Costs, Programs, and\nRegulatory Fees for an Amount not to Exceed $12,600,000 (Non­General Fund)\nDepartment(s): Human Resources\nRecommended Action: 1. Authorize the City Manager to approve payment of\ninsurance premiums and associated programs to ICRMA in an amount not to exceed\n$8,250,000 for the protection of City assets from July 1, 2024 through June 30, 2025\nincluding, but not limited to, the following:\na. Excess Liability Program\nb. Excess Workers’ Compensation Program\nc. Auto Physical Damage Program\nd. Property and Equipment Program\ne. Crime Program\nf. Cyber Program\ng. Associated Programs\n2. Authorize the City Manager to approve payment of insurance premiums to Arthur\nJ. Gallagher, Broker, in an amount not to exceed $3,500,000 for ancillary coverages of\nCity’s assets from July 1, 2024 to June 30, 2025 including but not limited to:\na. General Liability Buffer Program\nb. Workers’ Compensation Buffer Program\nc. Earth Movement & Flood and Difference in Coverage Program\nd. Terrorism Insurance Program\ne. Underground Storage Tank and Environmental Program\n3. Authorize the City Manager to approve payments to cover FY 2024­25 City\nSpecial Events Insurance for events, including, but not limited to, Fourth of July\nfireworks show, neighborhood winter events, and other City­sponsored events as\ncreated and held, in an amount not to exceed $350,000.\n4. Authorize the City Manager to approve the City’s obligation to pay the State of\nCalifornia DIR estimated assessment in the amount not to exceed $500,000.\n5. Approve an Appropriation Adjustment to recognize $2,200,000 in the Liability and\nProperty Insurance Revenue, Prior Year Carryforward revenue account (No.\n08009002­50001) and appropriate the same amount into the Liability & Property\ninsurance account (No. 08009051­64010). (Requires five affirmative votes)