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I <br />RESOLUTION NO. 2001 - <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY <br />OF SUNNY ISLES BEACH, FLORIDA, AWARDING A BID TO <br />BROWN AND BROWN /COREGIS INSURANCE GROUP, FOR <br />COMPREHENSIVE INSURANCE AND BROKERAGE <br />SERVICES; AUTHORIZING THE CITY MANAGER TO AWARD <br />BID TO SAID COMPANY AND NEGOTIATE INSURANCE <br />AGREEMENT; PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, the City noticed Request for Proposals No. 01 -03 -01 for qualified <br />Insurance Brokers capable of pr0vvtdip comprehensive scope of services, which bids were <br />opened on May 18, 2001; and <br />WHEREAS, the City performed an exposure analysis of the current insurance program <br />and found that the City needed to improve its insurance coverage in the area of defending public <br />officials, police officers, and general liability due to the growth of services in the City; and <br />WHEREAS, five brokers responded with only two brokers providing insurance company <br />quotations; and <br />WHEREAS, the two brokers were Brown & Brown/Coregis Insurance Company and the <br />Mack Group /St. Paul Fire & Marine Insurance Company, and both insurance companies are rated <br />"A" by A.M. Best Rating Service; and <br />WHEREAS, the City retained Insurance Consultants Services, Inc. to perform a detailed <br />review and analysis of the proposals and has yielded a recommendation for Brown & <br />Brown/Coregis Insurance Company proposal. <br />Comprehensive Insurance and Brokerage Services 1 <br />6/15/01 12:10 PM <br />WHEREAS, the following coverages which are attached as Exhibit "A" were presented <br />in the <br />approximate amounts to the <br />City of Sunny Isles Beach by Brown & Brown/Coregis <br />Insurance Group: <br />• <br />General Liability <br />$ 23,918 (Included Duty to Defend) <br />• <br />Property Insurance <br />16,988 <br />• <br />Crime <br />2,219 <br />• <br />Flood <br />1,952 <br />• <br />Glass <br />1,230 <br />• <br />Auto <br />49,690 <br />• <br />Public Officials <br />24,840 <br />• <br />Law Enforcement Liability <br />(Included under General Liability) <br />• <br />Brokerage Service Fee <br />17,508 <br />• <br />Umbrella <br />28,639 <br />• <br />Total <br />$166,984 <br />• <br />Workers Compensation <br />$213,928 <br />• <br />Grand Total <br />$380,912 <br />WHEREAS, the City retained Insurance Consultants Services, Inc. to perform a detailed <br />review and analysis of the proposals and has yielded a recommendation for Brown & <br />Brown/Coregis Insurance Company proposal. <br />Comprehensive Insurance and Brokerage Services 1 <br />6/15/01 12:10 PM <br />