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HomeMy WebLinkAboutRES 21-115RESOLUTION NO. 21-115 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 $1,710,642.77 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, 2021, boiler and machinery coverage provided by Liberty Mutual Fire Insurance Company effective May 1, 2021; and, terrorism coverage provided by Lloyd's of London effective May 1, 2021. 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 4th day of May, 2021. (k'kor —&BeckAy Ames - Ill