City of Columbus - File #: 0912-2010

• File #: 0912-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/10/2010
• In control: Finance & Economic Development Committee
• On agenda: 6/28/2010
• Final action: 7/1/2010
• Title: To authorize the Director of Finance and Management to expend funds for the contract Arthur J. Gallagher Risk Management Services, Inc. for the first of four (4) automatic one (1) year renewals, to bind the City's insurance for the term commencing August 1, 2010 and terminating July 31, 2011, and to authorize the expenditure of up to $431,880 for the City's 2010-2011 insurance program from the Employee Benefits Fund and the Law Enforcement Seizure Fund ($431,880).

Date	Ver.	Action By	Action	Result
7/1/2010	1	CITY CLERK	Attest
6/30/2010	1	MAYOR	Signed
6/28/2010	2	Columbus City Council	Approved	Pass
6/28/2010	1	COUNCIL PRESIDENT	Signed
6/21/2010	1	Columbus City Council	Read for the First Time
6/11/2010	1	EBOCO Reviewer	Sent for Approval
6/11/2010	1	ODI DIRECTOR	Reviewed and Approved
6/11/2010	1	Finance Drafter	Sent for Approval
6/11/2010	1	Auditor Reviewer	Reviewed and Approved
6/11/2010	1	CITY AUDITOR	Reviewed and Approved
6/11/2010	1	Finance Drafter	Sent for Approval
6/11/2010	1	CITY ATTORNEY	Reviewed and Approved
6/11/2010	1	Finance Drafter	Sent to Clerk's Office for Council
6/10/2010	1	Finance Drafter	Sent for Approval
6/10/2010	1	Finance Reviewer	Sent for Approval
6/10/2010	1	Safety Reviewer	Reviewed and Approved
6/10/2010	1	SAFETY DIRECTOR	Reviewed and Approved
6/10/2010	1	Finance Reviewer	Reviewed and Approved
6/10/2010	1	Finance Reviewer	Reviewed and Approved
6/10/2010	1	Finance Reviewer	Reviewed and Approved
6/10/2010	1	FINANCE DIRECTOR	Reviewed and Approved
6/10/2010	1	Finance Drafter	Sent for Approval
6/10/2010	1	Finance Drafter	Sent for Approval

Explanation

Background

The Department of Finance and Management Real Estate Management Office (REMO) solicited Request for Proposals (RFP) in April 2009, RFP No. SA00324, to provide insurance brokerage and risk management services for the City's property (casualty), boiler and machinery, and aviation insurance programs. The City selected Arthur J Gallagher Risk Management Services, Inc. to administer the City's insurance programs for a five year period, consisting of an initial one-year term and four automatic consecutive one-year terms, each subject to appropriation of necessary funds by City Council and certification of availability of funds by the City Auditor.

Pursuant to Ordinance No. 0943-2009, passed on 07/8/10, the City entered into a contract with Arthur J. Gallagher Risk Management Services, Inc. for insurance brokerage and engineering services and funded for the initial one (1) year term commencing August 1, 2009 and terminating July 31, 2010 for insurance brokerage and engineering services, property (casualty), boiler and machinery, and aviation insurance premiums.

Per the City's requirements, Arthur J. Gallagher Risk Management Services, Inc. has solicited underwriting for the City's insurance coverage for the renewal term commencing August 1, 2010 and terminating July 31, 2011. After review of the quotations, the City has chosen to remain with its existing insurance carriers thereby providing the broadest and best coverage meeting the City's requirements and at the best price. The selected insurance carriers are: Affiliated FM Insurance Company for property (casualty) insurance; Zurich American Insurance Company for boiler and machinery insurance; and Phoenix Aviation (Old Republic Insurance Company) for aviation insurance. The policies include the following deductibles: $250,000 for property (casualty) insurance; a $25,000 deductible for boiler & machinery insurance; a $100,000 deductible for aviation insurance for loss events wi...