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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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9/26/2016 10:50:27 AM
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9/26/2016 10:50:01 AM
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Resolution/Ordinance
Res Ord Num
R2016-110
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION FOR THE CITY OF DECATUR, ILLINOIS FOR THE POLICY PERIOD OCTOBER 1, 2016 TO OCTOBER 1, 2017
Approved Date
9/19/2016
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City Of Decatur <br /> Insurance C��mj�an�- Ratin�s and A�Imittecl Status <br /> - • -• . • <br /> � . . • <br /> . . <br /> AIX Specialty Insurance Company A XV Non-Admitted <br /> Federal Insurance Company A++XV Admitted <br /> Illinois Union Insurance Company A++XV Non-Admitted <br /> National Union Fire Insurance Company of Pittsburgh PA A XV Admitted <br /> Liberty Mutual Insurance Company A XV Admitted ' <br /> Travelers Indemnity Company A++XV Admitted ' <br /> If the above indicated coverage is placed with a Non-Admitted Carrier, the carrier is doing business in the state as a <br /> surplus lines or non-admitted carrier.As such,this carrier is not subject to the same regulations which apply to an <br /> admitted carrier nor do they participate in any insurance guarantee fund applicable in that state. <br /> 'The above A.M. Best Rating was verified on the date the proposal document was created. <br /> Rating Le�elsand Categoriea <br /> .•+ � <br /> �.-- �,_ ��pzr�or ;7n 5000 otReporte�F�Ix:.^yhak�rs'�urplus Plus Condux�na!r??3�.N?Fun�s: <br /> .4..4- �(:?'!2.^I FSCI Uplo'.��}� FSCIX 25t7.45��to�y�.•}:�� <br /> 5++ E+ ;rs�� FSCIi t.DO+Jto2.•�.'R� FSi.X 5;7J.���ato'5J}�: <br /> E.3- ' . FSC II I 2,�fl4 to 5.�3�5 FSi,XI ;5p.��+J�J to 1.7'J.S�� <br /> C++ C+ a,tar���ra, �SCIV 5.�3rJOto'��.�YJr? FSCXII �.��5a.��Yto'.�5:�.�C�� <br /> ,, .. �;�ieak �&;V t�J.�to25.553 F�'Xlll ±.25?.����ta?.��� ��: <br /> D ?x.� 'rSC'VI �5.�5�{)to5+J.�S. FSCXI'i ' 5��?:�'Jta2�:�: :,.. <br /> Ur..�r 4ey::;s'�ry Supervisror FSC'VII 50.tYYJ to 1�50.?�� ccC X'. �..,, ,,._ . �c e <br /> ' Ir_a�aat�n FSCYIIi ?^�a.�45�fe25:�.��;r� <br /> c g�a�r��� <br /> BesYs Insurance Reoorts,published annually by A.M.Best Company,Inc.,presents comprehensive reports on the financial position,history,and <br /> transactions of insurance companies operating in the United States and Canada.Companies licensed to do business in the United States are assigned <br /> a BesYs Rating which attempts to measure the comparative position of the company or association against industry averages. <br /> A BesYs Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations.It is not a warranty of a <br /> company's financial strength and ability to meet its obligations to policyholders.View the A.M.Best Important Notice: BesYs Credit Ratings for a <br /> disclaimer notice and complete details at http://www.ambest.com/ratinqs/notice. <br /> BesYs Credit Ratings are under continuous review and subject to change and/or affirmation.For the latest BesYs Credit Ratings and Best Credit <br /> Reports(which include Best Ratings),visit the A.M.Best website at http://www.ambest.com.See Guide to BesYs Credit Ratings for explanation of use <br /> and charges.Copies of the BesYs Insurance RepoAs for carriers listed above are also available upon request of your Gallagher representative. <br /> BesYs Credit Ratings reproduced herein appear under license from A.M.Best and do not constitute,either expressly or impliedly,an endorsement of <br /> (Licensee's publication or service)or its recommendations,formulas,criteria or comparisons to any other ratings,rating scales or rating organizations <br /> which are published or referenced herein.A.M.Best is not responsible for transcription errors made in presenting BesYs Credit Ratings.Best's Credit <br /> Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M.Best Company. <br /> Gallagher companies use A.M.Best Company's rating services to evaluate the financial condition of insurers whose policies we propose to deliver. <br /> Gallagher companies make no representations and warranties concerning the solvency of any carrier,nor does it make any representation or warranty <br /> concerning the rating of the carrier which may change. <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> 46 <br />
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