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File #: 23-5172   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 10/4/2023 In control: Finance and Administration Committee
On agenda: 10/25/2023 Final action:
Title: Property Insurance Policy Renewal
Sponsors: Greg Bych , Maggie McJilton
Attachments: 1. Transmittal, 2. Staff Report

Subject

title

Property Insurance Policy Renewal

overview

Overview

The Orange County Transportation Authority holds a property insurance policy with Zurich Insurance Company. This policy is scheduled to expire on December 1, 2023, and a renewal is necessary to maintain coverage.

recommendation

Recommendation

Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. A55552, in an amount not to exceed $495,000, to Marsh Risk and Insurance Services, Inc., to purchase property insurance on behalf of the Orange County Transportation Authority for the renewal of the coverage for the period of December 1, 2023 to June 30, 2024.