Subject
title
Excess Liability Insurance Renewal
overview
Overview
The Orange County Transportation Authority procured excess liability insurance continuously from 1991 through 2020. Beginning in December 2020, the Orange County Transportation Authority became fully self-insured and has maintained that self-insurance since then.
recommendation
Recommendation(s)
A. Authorize the Chief Executive Officer to establish a $10 million self-insured retention for excess liability claims.
B. Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. A59005, in the amount not to exceed $960,000, to Marsh Risk and Insurance Services, Inc., to purchase a $5 million excess liability insurance policy on behalf of the Orange County Transportation Authority for the policy period of November 1, 2024 to October 31, 2025.