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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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08/05/2025
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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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7/30/2025 4:59:33 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Human Resources
Item #
15
Date
8/5/2025
Destruction Year
P
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City of Santa Ana /% CORE 360' <br /> err <br /> r`°°.A(aIdk,/,e t ,?!,;e v Il ew <br /> We approached the following carriers in an effort to provide the most comprehensive and cost effective insurance program. <br /> ill��' Ill�r' I�IIIIIIIIl11DUIIIIIIIUIIIII V�ii�»1,��y >r��n41011DDlIillUuliUN���� lii�"' Ilii�' <br /> . J <br /> u <br /> �n n u iri ILII n I I I� 1 <br /> I11�I�IJIJIJII�I�IIIIIIII�IIIIIII�IIJI�IlI1111111 �� �����rr��Il�lr��IllYlr�,��r�IVil,��lll�l�����1�r��lrll��l�rr���l,�rl�(!�>�>�alll�����>��J�J��� ,r����II1f1111�������IIIIIJIII�III�I�IIIJIII�I�II��llllllll��� ������� >li��i>'����I�I�I <br /> Quoted Rate reduction of 9% over expiring. This <br /> rate reduction is equivalent to a$105K in premium <br /> General Star Indemnity savings. <br /> Company(A++XV); Non- $1,702,470 <br /> Admitted They maintained the$2M aggregate and <br /> confirmed they are unable to match the$3M <br /> aggregate proposed by Princeton. <br /> Princeton Excess&Surplus Recommended Quote: A 11% rate reduction in <br /> Excess Liability addition to increasing the aggregate from$2M to <br /> Lines Ins Co(A+XV); Non- . $1,676,675 <br /> Buffer-$1 M xs$2M Admitted $3M The rate reduction is equivalent to over q <br /> SIR $130K in premium savings. <br /> Chubb Group of Insurance Declined—outside of underwriting appetite <br /> Companies (A XV);Admitted <br /> Gemini Insurance Company Declined—not able to improve on the pricing or <br /> (A+XV) ); Non-Admitted terms of the incumbent <br /> Recommended Ouote: at a rate increase of 5% <br /> over expiring for the expiring $500K xs$1.5M <br /> Excess Workers' Response Indemnity retention. <br /> Compensation Company of California (A-X); $327,547 <br /> Admitted The$750K and$1 M limit options were found not <br /> to be competitive with rate increases of 53%and <br /> 137%, respectively. <br /> DIC-$5M Part of Endurance American Recommended Quote: Rate reduction of 10%, <br /> Specialty Ins Co(A+XV); ); $349,881.32 <br /> $10M Non-Admitted a premium savings of nearly$32,000 <br /> DIC-$2.5M Part of Palms Insurance Company, Recommended Quote: Rate reduction of 10%, <br /> Limited (A IX) ); Non- $176,488.36 <br /> $10M Admitted a premium savings of nearly$16,000 <br /> DIC-$2.5M Part of Landmark American Recommended Quote: Rate reduction of 9%, a <br /> $10M Insurance Company(A++X); premium savings of over$14,000 $174,940.66 <br /> Non-Admitted <br /> Mt Hawley Insurance <br /> Excess DIC-$5M xs Company(A+XIV); (l Recommended uote: Rate reduction of 10%, a <br /> $10M Lloyd's Synd 1458 premium savings of nearly$20,000 $217,193.90 <br /> (RenaissanceRe Synd)(A <br /> XV); Non-Admitted <br /> 111fllll��� <br /> _...,,,,,, «,« �����������«�oioiolli��ll�lllllllllllloll����ll�oiilo���lloi�illll011lllllllllllllllllllll ���� � ��� III�IIIIIIIIIIIII��IIIIIIIII�I� IOIIIIIII�IIIIIIIII�IIIIII�O011llllllllll�lll�lllllllll�lli�lllll(III�I I�I(011llf llll��lllllll <br />
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