Subject
title
Annual Insurance Program Renewal
overview
Overview
The Orange County Transportation Authority holds an Excess Workers’ Compensation Insurance Policy with Safety National Insurance Company, a Property Insurance Policy with Zurich Insurance Company, and express lanes property insurance with Zurich Insurance Company, Munich Re Insurance, and AIG Specialty Insurance Company. The policies are scheduled to expire on June 30, 2026, and renewals are necessary to maintain coverage.
recommendation
Recommendation(s)
A. Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. C255099, in an amount not-to-exceed $746,148, to Marsh Risk and Insurance Services, Inc., to purchase excess workers’ compensation insurance on behalf of the Orange County Transportation Authority for the policy period of July 1, 2026, to June 30, 2027.
B. Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. C255098, in an amount not-to-exceed $1,300,000, to Marsh Risk and Insurance Services, Inc., to purchase property insurance on behalf of the Orange County Transportation Authority for the policy period of July 1, 2026, to June 30, 2027.
C. Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. C255100, in an amount not-to-exceed $600,000, to Marsh Risk and Insurance Services, Inc., to purchase the 91 and 405 Express Lanes’ property and flood insurance on behalf of the Orange County Transportation Authority for the policy period of July 1, 2026, to June 30, 2027.
D. Authorize the Chief Executive Officer to remain fully self-insured for general liability exposures and maintain a minimum liability reserve of $31.6 million as directed by the Board in June 2025, for the policy period of July 1, 2026, to June 30, 2027.