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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: June 18, 2013 AGENDA ITEM NO. ITEM TITLE: Resolution of the City Council of the City of National City authorizing the Mayor to execute an agreement with Willis Insurance Services of California, Inc. for insurance brokerage services effective July 1, 2013 for a period of two years with the ability to extend by one year increments for up to an additional three years. Lilia Munoz PREPARED BY: Executive Assistant II PHONE: 336-4309 EXPLANATION: DEPARTMENT: Fivroan Reso APPROVED BY: /-:.' f q In an effort to evaluate the competitiveness and effectiveness of our current insurance broker services, staff initiated. a Request for Proposals (RFP) process in April 2013. In all, seven (7) responses to the RFP were received. After reviewing the proposals, three (3) firms were invited to interview with a subcommittee of the Benefits Committee. The proposed firm, Willis Insurance Services of California, Inc., was selected based upon their understanding of the industry in general, their comprehensive package of broker services and the staff support the firm has been able to provide to the City, as they are the City's current brokerage firm. Under the terms of the proposed agreement, the firm will be paid on a commission basis, consistent with typical industry practices, with a contract duration of two years with the ability to extend in one year increments for up to an additional three years. FINANCIAL STATEMENT: ACCOUNT NO. APPROVED: APPROVED: Finance MIS Pecs will be paid on a commission basis. Premiums are paid to the City's benefit providers. In turn, the providers pay a commission fee to the City's broker. Premiums are charged to departments based on a fixed cost distribution schedule. ENVIRONMENTAL REVIEW: his is not a project and is therefore not subject to environmental review) ORDINANCE: INTRODUCTION: 1 FINAL ADOPTION: STAFF RECOMMENDATION: Recommend approval of resolution. BOARD 1 COMMISSION RECOMMENDATION: ATTACHMENTS: ;Resolution Agreement'