Legislation Details

File #: 20-3006   
Type: Orange County Transportation Authority Item Status: Passed
File created: 10/15/2020 In control: Finance and Administration Committee
On agenda: 11/11/2020 Final action: 11/11/2020
Title: Excess Liability Insurance Renewal
Sponsors: Al Gorski, Maggie McJilton
Attachments: 1. Staff Report, 2. Supplemental Information, 3. PowerPoint

Title

Excess Liability Insurance Renewal

 

Overview

The Orange County Transportation Authority currently has excess liability insurance policies with Gemini Insurance Company and Princeton Excess and Surplus Lines Insurance Company. These policies will expire on December 1, 2020.

 

Recommendation(s)

Authorize the Chief Executive Officer to fully self-insure for liability claims by allowing the excess liability insurance policies with Gemini Insurance Company and Princeton Excess and Surplus Lines Insurance Company to expire until such time the insurance market pricing is more favorable.