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~ty of <br /> <br />ITEM 4. <br /> <br />iver <br /> <br />FROM: <br /> <br />DATE: <br /> <br />MEMORANDUM <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Asst. City Administrator/ <br />Finance Director <br /> <br />September 23, 1996 <br /> <br />SUBJECT: Insurance Renewals <br /> <br />The City's property, liability, worker's compensation, boiler and machinery, <br />and related insurance policies are up for renewal on October 1. As in the <br />past, Dan Greene of First National Insurance Agency has been working on <br />the City's behalf to solicit quotes for coverage. Again this year all companies <br />have declined to quote with the exception of the League of Minnesota Cities <br />Insurance Trust. In addition, this year the information necessary to solicit a <br />quote was provided to Northern Capital Insurance of Minneapolis. Although <br />the representative stated that there were two new insurance carriers now <br />writing city policies who would be very interested in providing coverage, <br />Northern Capital Insurance did not follow through with a quote. The most <br />likely reasons that the new carriers were not willing to quote are that they <br />could not cover some of the unique areas we need to cover such as the beach <br />and the dam or their rates could not complete with the League's rates. <br /> <br />Unfortunately, the League has been very slow in getting a quote to us for <br />review prior to the meeting. Although some of the information was received <br />from the League late Thursday, there was not adequate time to review and <br />prepare the information for inclusion in the packets. Dan and I will be <br />present on Monday to discuss all of the policies and provide written materials <br />as necessary. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />