Explanation
Background: In April, 2009 the Department of Finance and Management, Real Estate Management Office (REMO) solicited Request for Proposals (RFP) No. SA003242 for Insurance Brokerage and Risk Engineering Services for Property Casualty, Boiler & Machinery, and Aviation Insurance. The City sought to identify qualified insurance brokers, insurance agencies, or insurance agents to provide insurance brokerage services for the City's property (casualty), boiler and machinery, and aviation insurance programs. The selected Broker(s) responsibilities are to develop, recommend, and implement risk engineering and management programs for each area of insurance coverage and be responsible for marketing the City's insurance programs to solicit a minimum of three quotes for underwriting these programs to contain cost and improve insurance coverage in each area. The Real Estate Management Office (REMO) conducted research to identify potential brokers of adequate size and experience for inclusion in the solicitation as well as including the vendors currently registered with the City under commodity codes associated with insurance and brokerage services. As a result of this research, an additional six national brokers were solicited to respond to the RFP.
Earlier this year REMO was asked to assist the Division of Police (CPD) by reviewing the City's aviation insurance coverage for CPD's six helicopters to determine if consolidation of the administration of aviation coverage under REMO would benefit the Division and the City. After review, CPD and REMO concluded that the administration of the City's aviation coverage should be transferred to the Department of Finance and Management, Real Estate Management Office. REMO worked with CPD to extend their current aviation coverage to July 31st so that the City's three types (property, boiler & machinery, aviation) of insurance coverage would have the same policy commencement and termination dates to allow the ins...
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