HomeMy WebLinkAboutRES 22-119RESOLUTION NO.22-119
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 $2,044,040.61 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), Starstone Specialty, First Specialty, AXIS Surplus Lines
Insurance Company, Lloyds of London, (Insurisk, LP), Arch Specialty, and RSUI
Indemnity Insurance Company effective May 1, 2022; boiler and machinery coverage
provided by Liberty Mutual Fire Insurance Company effective May 1, 2022; and,
terrorism coverage provided by Lloyd's of London effective May 1, 2022.
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, 2022.