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COUNCIL MEMO <br /> Finance Department <br /> No 2025-8 <br /> DATE: September 15, 2025 <br /> TO: Honorable Mayor Moore Wolfe and <br /> City Council <br /> FROM: Tim Gleason, City Manager <br /> Gregg Zientara, Interim Finance Director <br /> Brian Hastings, Risk Manager <br /> SUBJECT: Items 1 through 9 Risk Management Property, Liability, Workers <br /> Compensation for the City with Policy Year Starting October 1, 2025 <br /> through October 1, 2026 <br /> SUMMARY RECOMMENDATION <br /> City Administration recommends City Council approval of the attached resolutions authorizing <br /> insurance coverage for property and casualty, liability, cyber, and workers compensation for the <br /> period October 1, 2025 through October 1, 2026. <br /> BACKGROUND <br /> Property and liability insurance was not as volatile this year as in past years although costs are <br /> always increasing in the insurance industry. A.J. Gallagher reviewed the market and obtained <br /> the best pricing for the type of insurance the City is seeking. At times changing insurance <br /> providers can provide the lowest pricing, but if there are no significant changes in the coverage <br /> needed, then staying with the current providers can be an advantage in some years. <br /> Auto accident insurance is covered under property and liability insurance. Auto inland marine <br /> insurance covers all City vehicles and equipment when they are parked in the lot and not in use. <br /> The insurance industry draws a distinction between coverage for when vehicles are in use and <br /> not in use. MV Transit is responsible for vehicle insurance when the transit vehicles and buses <br /> are in use. <br /> Upon council approval, the City will bind coverage as recommended in this material. The <br /> material presented to Council will, if approved, provide suitable and appropriate risk <br /> management with not to exceed level of coverage. <br /> The City has an insurance broker and advisory arrangement with Arthur J. Gallagher Risk <br /> Management Services, through their Decatur office. Under this arrangement, Arthur J. Gallagher <br /> provides broker services including the shopping for insurance offerings and pricing, advisory <br /> services including evaluation and recommendation of coverage levels and insurance products, <br /> advisory services in all risk management matters, and loss mitigation services. This specific <br />