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HomeMy WebLinkAbout2007-06-26; City Council; 19049; Renewal of Liability Coverage CAMEL ProgramO O o oo AB# 19.049 MTG. 6/26/07 DEPT. RM CITY OF CARLSBAD - AGENDA BILL TITLE: RENEWAL OF LIABILITY COVERAGE THROUGH CALIFORNIA MUNICIPAL EXCESS LIABILITY (CAMEL) PROGRAM H! DEPT. HD. \j CITY ATTY. j *r— 1 CITYMGR * ^=— b^ ^& RECOMMENDED ACTION: Approval of Resolution No. 2007-150 approving the renewal of liability insurance through the California Municipal Excess Liability (CAMEL) program. ITEM EXPLANATION: The City participates in the Alliant Insurance Services, Inc. CAMEL joint purchase program for liability coverage. Alliant negotiated a renewal for the program for 2007-08. The City's premium is $278,320, a 7% decrease from last year's premium. This decrease is largely due to the growth of the Alliant National Municipal Liability Program (ANIMAL), a national joint purchase program CAMEL joined last year. This program provides increased volume purchasing to achieve lower premiums. A summary of coverage is shown as Exhibit 2. FISCAL IMPACT: This premium will be paid with funds from the 2007-08 Liability Fund. The Carlsbad Municipal Water District and Housing and Redevelopment Agency are also insureds under this coverage and contribute to the premium through the budget process. EXHIBITS: Resolution No 2007-150 2. Summary of Coverage DEPARTMENT CONTACT: Erin K. Letsch, (760) 602-2470, elets@ci.carlsbad.ca.us H:\WORD\CAMEL Program\CAMEL 07-08 AB.doc 1 RESOLUTION NO. 2007-150 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING THE RENEWAL OF 3 LIABILITY INSURANCE THROUGH THE CALIFORNIA 4 MUNICIPAL EXCESS LIABILITY PROGRAM (CAMEL) 5 WHEREAS, in 1999 the City became a member of the California Municipal Excess 6 Liability program (CAMEL) for purposes of obtaining liability coverage; and 7 WHEREAS, the City desires to renew its insurance through Alliant Insurance Services, 8 Inc. 9 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, 10 California, as follows: 11 1. That the above recitations are true and correct. 12 ,., 2. That the renewal of liability coverage through the California Municipal Excess 14 Liability program effective July 1, 2007 to June 30, 2008 is hereby approved and the Finance 15 Director is authorized to issue a warrant in the amount of $278,320 for the payment of the 16 premium to Alliant Insurance Services, Inc. 17 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the 18 City of Carlsbad on the 26tb day of June , 2007, by the following vote: 19 AYES: Council Members Lewis, Kulcbin, Hall, Packaj?ds and Nygaard 20 NOES: None. ABSENT: None. 21 22 23 24 25 26 LORRAINE M. WOOD, City Clerk 27 (SEAL) 28 H:\WORD\CAMEL Program\CAMEL 07-08 Resolution.doc CM H H fflH ffl ON d t/5z 3g ?5 .£ S '3 <fe£I t CA sow3 p > [gl M « 7 I *m li ~f ~1J C^ " oSo ^Jrj 5 ^ - < £ 3 IO« SS «!c E;u ceS5H * iII 11p ^< g?p i( 2' io.ha J.s 8 1S.S£••aua 1* II II 'J *i33 ^ I ll^«a HS*IIfc.OIS :a •* 5-^.3 |S eI g 3 £ 3 § 2 « ||l j|ji ] 9 *^ i if 5 g *. Si-SHi a£ I u ? * . _x^ &0 13