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Home My WebLink About1998-04-27 98-196 ORDER_UNCM ACTION Date: April 27, 1998 Baro No. 98-196 Irani/Subject: Extending of the City's Commercial General Liability Insurance Responsible Department: Finance / Purchasing Commentary: On lune 26, 1995 the City approved a three year contract with the Dunlap Cooperation for the City's commercial general liability insurance. The insurance carrier was CoRegis. The claims service from CoRigis round out to be less than satisf tory and DumW subsequently switched the City's coverage to the Great American Insurance Co. The claims ser vices from Great American have been excelkat ova the previcas two years. A one year extension is requested so that the City may enjoy a full three yeas of this exceptional service. Dunlap has also quoted the same premium cost for the one year extension. Sec merged memo from Chazles Mitchell. In addition, the Finance Department will conduct a compreheasive review of all City insurance policies in order to determine if there are any gaps in coverage or if them are any areas of coverage that could be consolidated - see attached spread sheet that outlines all current City immune coverage. The request to extend the City's commercial general liability insurance was reviewed by the Finance Committee on April 21, 1998 and referred to the City Council with a recommendation for approval. en[ Manager's Comments: Citymanagerger Associated Information: Finance Committee Reconmendetion and Bid Tabulation Budget Approval: / fPU Finance Dir [or Legal Approval: 44 f City Solicit X Passage_ Fust Reading_ Refeeral Aastnod b fAa� la' Leen April 27, 1998 CITY OF BANGOR (TITLE.) (grUr Aulloazmgaono year extension of the Grty's Grnernl Liability Insurance. By W Ciq cmw oltko a" ofDflow.. OBDERED0 TEAT tire City's commercial general habilily insurance is hereby extender for a one year period from June 1998 to lune 1999. IN CITY COUNCIL April 27, 1998 98-196 Passed O R D E R / Title, Authorixing a One Year Extension CI CLE ( f the City's General Liability. Insurance ...................^................... -V` "& Asup" to ........ ...... .ouncilrza.unc..... �1/ Cn 98-196 CIT' oP - �i' ��vA/.�1 MAINE reXnm°warPeaT HLXaOP. MM 0,401 FINANCE DEPAPIAIENr TELSmMaaaea Rented 1. HWsr FlPasoa Diregor March 2, 1998 To: Finance Committee Prom: C. hLtchell Re: July 1, ]998 Commercial Insurance Renewal N haay and June of 1995, the city want out to bid on its commercial assurance package. This is a standard practice under guidelines established by the city finance committee. This package goes into the bid process ovary three years. The city emers lino a three year agreement with an agent to secure General liability. Auto liability, and Physics] damage coverage for the city. On Sore 26, 1995 that wndmho was awarded to Dunlap Be. Corp. with CoRegis as the insurance carrier. Claim services from CoRegis was less than satisfactory and the city requested a change ofcarriem Goin Dunlap, In August of 19% the city clanged insurance carriers from CoRegis to Gress Ammons. Our primary concern at the time was a lack of claim service Gom CoRegis, Dunlap was able to place the city `with Great American Ins. Co. at the same premium leve] the city had been paying to CoRegis. At that time Great American committed to a twemy-three month tare, which expires on lure 30, 1998, It is a pleasure to inform you that the services we have received from Great American can only be described as exceptional. 95% of all claims are managed by the same adjusters. Initial contact with - my office and with claimants is timely, a week to ten days, and investigations are completed and claims paid or dewed quickly and professionally. I have bad excellent feedback from oro departments regarding these contacts. The recent ice storm has generated a number of physical damage claims throughout the chy. The response of Greet American has been outstanding. Loral adjusters were assigned after consulting with the city and the company has been in almost daily contact with the city to make sure we are satisfied with the way the adjustment of losses is being handled. By the time you receive this memo the majority of physical damage claims shim d be concluded. It is not unusual for me to receive a phone call unexpectedly from the senior adjuster for Gras Ammiuq warning to know if we are having any problems with any of than personnel or concerns about the way claims are being handled. This adjuster has made the trip to Bangor and assisted me in a training program at Public Works. We have also had visits from the company Loss Control Specialist, evaluming some city properties to be sure we are properly covered under the policy. The worm premium charged by Great American is $198,090. The Brat year Greet American premium was $$84,759. The origirml CoRegis premium in 1995 was $1$4,521. A number of additions and delations have been made over the years which accounts for the differences. fiad we stayed with CoRegie, the increase due to changes would have been close to the same. The 5vance committer policy states the city should go out to bid every Shia years. In twenty years of insurance claims experience I have not seen better claim service than that provided by Great American. I would recommend a waiver oftlse three year bid process and a renewal of the current policy. Madap has obtained verbal quotes and the company has committed to a roawal m the same premium level for 98-99, and barring any adverse loss developmern will try to renew for 99-00 at the same level. CITY OF BANGOR IN9URANCECOVERGE4 April, 1998 Caren T Coverts 1 Ci Unib Cwe"d 1 Ndwibin Coven LimllYle I Limiume I Other CommerainiG MnlLab lit Y. usFork ,Employees N/A 1, 0yow Immoso PN __ E_ ceDho ly ploy OBCICIDID2 Bus Fork_ ._.. .2r5ao_ ,__.,,, _ ICIQWOr AviammUDInhy BIA _ Sa WO IWwJ CW t _ Frogs Official LicabMirs _ BIA All B1A employers _ L. IB WO ICW Ow 30 9 B rAM hurry Y tl All city tl h IWlers }[CCN 1,902 ong IOw OfA _ C _¢aIGeneral Lohli_ry tl IGene IIWIY _._ liw 100 CW '11. Me TMCIms Att I Commercial A 1 City -Wide Autia Em We]etwP eM J w It" p C m IA - ICN tl< Lim II Gle vd b p1 Fol and fire ION Jw wO p Commerviderime Ciq,-vvira _ 1_000 Commoomi Egmannort C Y tle iwo 43051611. Mir EOuP ICN vd, ;DvgP &omt ell I'm11]5,015 '. _ Employee Bar Liability Clywd' LWlty fmanplayeeMraliu nor presided IM '. 1,000000 IMOWo , , Exrvesw Am Camr IC y idAll city Pbreeo SKM Unlamul pros r relyAll b ltlmPt IMo A2500.]01 F blit Drcinl CabhlY Ic L 3 uh Alli r calmmy,eg j 10.mu I.00FAM 3,00a,Mel Umm b 3de V luable leu CN 1de dCNF 250 Commercial G ml Liability NIA MOM 9MOtor Commercial AM CNF N/A JNON m3,000,000,ff Professional UsAlfty CNF CNF NIA I, 3G000, Frogmalo I W ElAy �DowCl w, IDmI "hYB aN _ �N/A �. SMCM SNaw� ProPnly CNF Build gpr»nal PtopeM. 30 4462.e0590in on own room Finally Bao - IF G Fines: Di mew N/A 95."11 A bulam SCM IIS0..CWN2 R_ePl Commercial (mmlLablr p I N � 250 I.MOWJ IM bleraee and omm uiwF Dry Bus Bald 00 34�248 I I FiverEquipment mew, .,00) Logo Famous awN BhaMtNl 5b0M�M _ Morainal Professional LW1 _ W WA IUW_wa 3MO N0 _Rn Io 1989 Signsuityfif rg an at PNEP °Bi8^s�IMBE&wy��wl I I mlM anor Down INIA"11—_ Mltce N rA Pme Fola 13.8933,000 Police Premsimol Llaoiliy, Police Data p Scall 300,0b 900,000 MeineTm Chimes Att Mentally Barren Beauty I`Ihm,Twr C01LAm CWS 5100 25,"0 CITY OF BANGOR INSURANCECOVERGES ApriL 1998 Covered I Annual CoveragaType Clh Units I Carder a ires Expires Broker P..r_em_ ien C IGn ILiability am put N I X2959935 -amepark'A Wom 9 1 Sargm Tyler&W 0 A a4 Liability [A 1AIG 0.. 1981Sergm Tyier & West 105,M PubPubtiw Official Liability BA _ RMMA 132 Boiler d MUA �w City de IH Ss Bala 01 1 198 Dhp/Mu 1 9p Commercial Gal Liability ty_ de Og acAe 011W 98gl pW W t 48,485r C Articles de G m 011 IAl em amour 6406 Commercial Ab -ky M pG atm 01-Jul-99Up v[umnour 64,580 C l c me Cwmrjv -_ 011u19 lap(Marmansenti5f fused! inflI Equipamnt Cily ixt,1Fiuse Am _ 01 J 198fiDwl p1M am t ont 11 c1udM n11)_.. EDP Equipment de [GrtetAm 0111 98 Dwl ple jl 1 dad n11). Employee BerefisL bl y .ry Cily-wide City—wide GrtM Ammerman 011198 Omnl pA nm 111 dudW in(1) Es Workers; Cpty We I. 'City-wide General ReD 01 -Jul 981Dunlap 25j54 P p Y Grand Nn _ 011198 Duday4boammusit 53,915 Public Official Lmb 1ity 011 981MA 13}OS criy_ d t'MMA Umbrella jGnat Amu _ 011198 �Dumalsmassamord Iweirdestn(1)_ Ciry We Valuable papers City W Am 011 98 O nl P/M moM CormusturcialGeneral Liabiliv F PIF dMme ()unlap I lutlaln8,390 Commercial Auto CFFFS4IP v[F dF4 Dunlap IIIrestartnU_ PmAssomnalLiabilty CNFLPmdF -lC --- eMarme 01-1u1-98 Dunlap 3000 a._. Rf nal Liability c cPoUIFi dMmn< 011ul-98 Dunl ap L445 P P S ._ _ CNF -LelFt eepMmm -- 0111-98 D - -8390 -A- Fe lty and sCa ofM IM _�' Fidelity.lamweBonds__.._. Fna D -___ 14Au-98 g_. idea Sai eg_n4 Tyler&Wm 300 Ambulance areDept FimD - A world Wetlem Wudd — GreenAWwltl OIJ F96 nm Dunlap'M _- r=s AAgecy LuI A¢mry �II mdnaea.n I _ �_ ,335 CommercialGmenlLWlry__,- AmbWuce6rtarvWOmmuslme Fim�ulpmMt jED L �reDe�_ Gmt.9mnican -,_... 01-IuIAB WnMMummml _.-INclueetl in (I]_ (1) ,_.__ Fire Trucks ire_Dept .. rtalAmuicen . _01-1ui-9_B .. Dunnn usamum _ luded in llJ__ —. Empl_y Didmnerty Blanket II&W P«rlar - Smgml Tyl<rk Went 388 Medical Pmfuaioml LmbilitY. - _ uWM ane OUuunnIapp i00_0N0 Sims --- MBE/&nnir drie_Ammgn OI IUF98 Dun4 Msssemml _ - UWMv u Pks@Pm- -n rcmAm on' 01 Ju199 16P _ Pd Pgu�ent Poli Dip. Ow Amerim 01 -Jul -98 Cunlap/MermmuM Included in Q) , ,bi _ Policy Liability Polis pept _ Gmm Amnd Pa 01-Iu1-98 _ Wenhap/wripm, Inducted in,D Fidelity BOMn Bonds iadiry uM Uepodl Co o(MarylaM 01-tan-995vr8enl,Tylttffi W Tyler Wap l,]89 401,302