Long Beach, CA
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File #: 20-0596    Version: 1 Name: HR - Excess Municipal Liability insurance and Airport Liability insurance
Type: Agenda Item Status: Approved
File created: 6/8/2020 In control: City Council
On agenda: 6/23/2020 Final action: 6/23/2020
Title: Recommendation to authorize City Manager, or designee, to purchase, through Alliant Insurance Services, the following insurance policies: Excess Municipal Liability insurance, at a total premium amount not to exceed $3,000,000, with multiple carriers including, but not limited to, Gemini Insurance Company, Hallmark Specialty, Hiscox, Allied World and Navigators, for a 12-month period, from July 1, 2020 to July 1, 2021; Airport Liability insurance at a premium not to exceed $93,000 from National Union Insurance Company; Aircraft Liability and Hull insurance for police helicopters at a premium not to exceed $48,000 from National Union Insurance Company; Underground Storage Tank insurance at a premium not to exceed $30,000 from Liberty Surplus Lines; Drone Coverage at a premium not to exceed $5,000 from the National Aviation Liability Program; and, Marine insurance from International Marine Underwriters (IMU) at a premium not to exceed $281,000, for a total aggregate cost of the liability...
Sponsors: Human Resources
Attachments: 1. 062320-R-20sr.pdf
TITLE
Recommendation to authorize City Manager, or designee, to purchase, through Alliant Insurance Services, the following insurance policies: Excess Municipal Liability insurance, at a total premium amount not to exceed $3,000,000, with multiple carriers including, but not limited to, Gemini Insurance Company, Hallmark Specialty, Hiscox, Allied World and Navigators, for a 12-month period, from July 1, 2020 to July 1, 2021; Airport Liability insurance at a premium not to exceed $93,000 from National Union Insurance Company; Aircraft Liability and Hull insurance for police helicopters at a premium not to exceed $48,000 from National Union Insurance Company; Underground Storage Tank insurance at a premium not to exceed $30,000 from Liberty Surplus Lines; Drone Coverage at a premium not to exceed $5,000 from the National Aviation Liability Program; and, Marine insurance from International Marine Underwriters (IMU) at a premium not to exceed $281,000, for a total aggregate cost of the liability renewal premiums not to exceed $665,000, for the period of July 1, 2020 to July 1, 2021 for all liability policies. (Citywide)

DISCUSSION
The City of Long Beach (City) annually purchases excess municipal liability, airport liability, aircraft liability and hull insurance, underground storage tank liability, drone insurance, and marine insurance, to cover exposures arising from City operations. Coverage is to be obtained through the City’s casualty broker-of-record, Alliant Insurance Services.

This year’s policy for excess municipal liability insurance will provide coverage limits of $30 million, excess of a $10 million self-insured retention for all City departments, including the Police Department. Due to historical claims frequency and severity, the 2019 Excess Liability renewals were challenging. With a hardening of the market, lack of carrier capacity and increases, the City purchased $30 million in limits, versus the historical $45 million. City Risk Management staff...

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