HomeMy WebLinkAboutRES 20-093RESOLUTION NO. 20-093
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF BEAUMONT:
THAT the City Manager be and he is hereby authorized to execute a contract for fire,
extended coverage, flood and quake property insurance for the annual premium amount
of $1,543,042.26 through Higginbotham, of Port Arthur, Texas, as broker, for all risk
coverage, including Flood and Earth Movement provided by AmRisc, LP, Velocity Risk
Underwriters (Lloyds), Swiss RE/First Specialty, AXIS Surplus Lines Insurance
Company, Lloyds of London, (Insurisk, LP), RSUI Indemnity Insurance Company, and
Arrowhead Insurance Risk Managers effective May 1, 2020; boiler and machinery
coverage provided by Liberty Mutual Fire Insurance Company effective May 1, 2020;
and, terrorism coverage provided by Lloyd's of London effective May 1, 2020.
The meeting at which this resolution was approved was in all things conducted in
strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter
551.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 28th day of
April, 2020.