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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: Stacy Montalvo, Assistant Human Resources and Risk Management Director <br />DATE: January 15, 2026 <br />RE: Approval of Selection of 2026 Insurance Providers <br />RECOMMENDATION: <br />Staff recommends approval of this Resolution. <br />REASONS: <br />The City offers various insurance plans as a benefit to its employees, promoting health, welfare, and <br />wellness. Accordingly, staff requested the City's insurance broker, Brown & Brown, to issue requests for <br />proposals for insurance coverage at levels comparable to the existing plans. Following an extensive <br />review and negotiations with multiple providers, Brown & Brown and staff recommend acceptance of <br />the provider proposals outlined in Attachment A (Insurance Summary 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 informed of any changes, and information and enrollment sessions <br />have been tentatively scheduled to implement the recommended plans effective March 1, 2026, subject <br />to City Commission approval. <br />All recommended providers maintain an AM Best's rating of "A," reflecting financial strength from "Very <br />Good" to "Superior." Additionally, all agreements will be reviewed for form and legal sufficiency by the <br />Office of the City Attorney. A complete set of the final proposals will be maintained on file in the City <br />Clerk's Office. <br />Please note that the annual amounts presented in this resolution are estimates based on current <br />Item Number: 9.J <br />744 <br />