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3yIS <br />�•. 4Wr <br />c,,rY aF sv�+ n�a <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Yael Y. LondoA±o, Human Resources and Risk Management Director <br />DATE: January 16, 2025 <br />RE: Approval of Selection of 2025 Insurance Providers <br />RECOMMENDATION: <br />Staff recommends approval of this Resolution. <br />REASONS: <br />The City makes available various insurances as a benefit to its employees. The insurances promote <br />health, wellness, and protection. As such, staff requested the City's insurance brokers (Brown and <br />Brown) issue requests for proposals for insurance coverage at basically the same levels as the existing <br />coverage. After extensive negotiations with the various providers, Brown & Brown and staff <br />recommend acceptance of the following provider proposals. See Attachment A (Insurance Summary <br />Table and Proposals). <br />ADDITIONAL INFORMATION: <br />Staff worked diligently with our brokers to secure the best pricing and plans for our insurance coverage. <br />Proposals that seemed competitive, but did not meet our plan standards were eliminated from <br />consideration. Employees will be advised of the changes and we have tentatively scheduled <br />information and enrollment sessions, in order to effectuate any changes by March 1, 2025, provided <br />receipt of City Commission approval. <br />Lastly, all of the recommended providers have an AM Best's Rating of "A" which is "Superior" to "Very <br />Good", and all agreements will be reviewed as to form and legal sufficiency by the Office of the City <br />Attorney. A complete set of all of the final proposals will be on file in the City Clerk's Office. <br />Please note that annual amounts presented in this resolution are an approximation based on current <br />Item Number: 9.0 <br />359 <br />