Title
91 Express Lanes Property Insurance Renewal
Overview
The Orange County Transportation Authority currently has a primary property and flood insurance policy for the 91 Express Lanes with Zurich American Insurance Company, and seven earthquake insurance policies with Empire Indemnity Insurance Company, General Security Indemnity Company of Arizona, Hudson Specialty Insurance Company, Everest Indemnity Insurance Company, QBE Specialty Insurance Company, Endurance American Insurance Company, and Princeton Excess and Surplus Lines Insurance Company which will expire on March 1, 2020.
Recommendation(s)
Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. A44160, in the amount of $500,000, to Marsh USA, Inc., to purchase the 91 Express Lanes’ property, flood, and earthquake insurance on behalf of the Orange County Transportation Authority, for the policy period of March 1, 2020 to March 1, 2021.