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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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Last modified
7/30/2025 4:59:33 PM
Creation date
7/30/2025 4:57:41 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 /> III "" �" i�IIIIIDDU�I'i1 iIID1111 ViiIiUIIIIIIIIIIIII11UD111111iluINN NN��N II���" Ilil� Ills'"'Illi�"' Ili��" <br /> IIl,lllll 1 l� �N�>��V�II ,�II,III�1D 11�111�1� y,��( II I� ��IIIII„ II �IIIIII <br /> I <br /> I <br /> �I�4���4��i��I�I�II�I�I���II�IiI���I4��I� i it iI4NNi�il4dNd�14N>'IS�iNoal4'Nillf�ii�l4'd>��4�Ni�i14NRd�14NNi�14N1ii�14NNiil4'Nlidil i4���il i �i'!i'�14'Nlii�l4'Ni'1��14iI����I���I��i'lI���14��I�4��4�t1 i4� it t i i i t i i i t i i i t �I4���'N1iI�I���II I�I��� i �a tl <br /> Palomar Excess and Surplus <br /> Insurance Company(A X); <br /> Excess DIC-$10M Recommended Lluote: Rate reduction of 10%, a <br /> Excess$15M Princeton Excess&Surplus premium savings of nearly$30,000 $320,559.62 <br /> Lines Ins Co (A+XV); Non- <br /> Admitted <br /> Palomar Excess and Surplus <br /> New Option: Excess Insurance Company(A X); <br /> DIC-$5M Excess Non-Admitted Quoted additional$5M in limits to bring the total $92 862.00 <br /> $25M Princeton Excess&Surplus DIC coverage the$30M <br /> Lines Ins Co (A+XV); Non- <br /> Admitted <br /> Palomar Excess and Surplus <br /> New Option: Excess Insurance Company(A X); <br /> DIC-$10M Excess Princeton Excess&Surplus Quoted additional$10M in limits to bring the total $170,247.00 <br /> $25M Lines Ins Co (A+XV); Non- DIC coverage the$35M <br /> Admitted <br /> Palomar Excess and Surplus <br /> New Option: Excess Insurance Company(A X); <br /> DIC-$15M Excess Princeton Excess&Surplus Quoted additional$15M in limits to bring the total $252,791.00 <br /> $25M Lines Ins Co (A+XV); Non- DIC coverage the$40M <br /> Admitted <br /> Recommended Quote:for$14,919.83 for the <br /> Lloyd's Syndicate 3623 expiring$10M Combined Property/Liability Limit <br /> (Beazley Furlonge Limited)(A $14,919.83 <br /> XV); Non-Admitted Also provided options for a$1 M or$5M combined <br /> limit <br /> Texas Insurance Company <br /> Terrorism (A-XII); Non-Admitted; Non- Quoted-$1 for the$10M Combined <br /> Admitted Property/Liabbilityility Limit. <br /> Quoted—Not competitive <br /> Indian Harbor Insurance <br /> Company(A XV); Non- To secure a$10M Property Damage Limit would <br /> Admitted be$20,000. To secure a separate$1 M Liability <br /> Limit would be$10,000. <br /> *If shown as an indication,the actual premium and acceptance of the coverage requested will be determined by the market after <br /> a thorough review of the completed application. <br /> **Gallagher companies use AM Best rated insurers and the rating listed above was verified on the date the proposal document <br /> was created. <br /> Best's Credit RatingsTm reproduced herein appear under license from AM Best and do not constitute, either expressly or <br /> impliedly, an endorsement of Gallagher's service or its recommendations.AM Best is not responsible for transcription errors <br /> made in presenting Best's Credit RatingsTM. Best's Credit RatingsTm are proprietary and may not be reproduced or distributed <br /> without the express written permission of AM Best. <br /> A Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing <br /> insurance policy and contract obligations. It is not a warranty of a company's financial strength and ability to meet its obligations <br /> to policyholders. Best's Credit RatingsTm are under continuous review and subject to change and/or affirmation. For the latest <br /> Best's Credit RatingsTm and Guide to Best's Credit Ratings,visit the AM Best website at http-//www.ambest.com/ratings. <br /> �>�>� JJil�llJlIIl111�D���1�11111�11�1>'�>I���JJ��Il <br /> _ _ :::,:,,,,,, «««�««���«����II«I��I«lo������illillllliillll���lo���l���f�����1�«OIIIIIIIIIIIOIIIIIIOIIIII01 � �� ����������� II III011lllf III�IIIIIIIIIII��(OII�II�III�II�I�II��IIIIIIIIII�IIOII�IIII�IIIIIII��IIIIIIIIIIIIII Illllllllf II��IIIII <br />
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