title
Approve Increase of Excess Liability Insurance Policy with Arch Specialty and Acceptance Casualty Insurance Companies
recommendation
That the City Council approve the increase of the City’s excess liability insurance policy and additional premiums:
1. Excess Liability ($5M excess of $15M Limit) insurance with Arch Specialty Insurance Company, in the prorated amount of $67,843.95, for the period of February 1, 2025 to July 1, 2025; and
2. Excess Liability ($5M excess of $20M Limit) insurance with Acceptance Casualty Insurance Company, in the prorated amount of $44,085.72 for the period of February 1, 2025 to July 1, 2025.