HomeMy WebLinkAboutRES 23-136RESOLUTION NO. 23-136
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
property, equipment breakdown, terrorism, and agency fee for the annual premium
amount of $3,330,473.24 through Higginbotham, of Port Arthur, Texas, as broker, for all
risk coverage, including Flood and Earth Movement provided by Velocity Risk
Underwriters (Lloyds), Aspen, AXIS Surplus Lines Insurance Company, Lloyds of
London, (Insurisk, LP), Arch Specialty, and RSUI Indemnity Insurance Company, Core
Specialty, Ironshore, Lexington, Markel Specialty, Navigators Group, Paragon, Sompo
International, and Westfield Specialty effective May 1, 2023; boiler and machinery
coverage provided by Liberty Mutual Fire Insurance Company effective May 1, 2023;
and, terrorism coverage provided by Hiscox effective May 1, 2023.
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 9th day of
y, 2023,
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Sao' � � -Mayor Robin Mouton
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