HomeMy WebLinkAbout2019-06-11; City Council; Resolution 2019-075RESOLUTION NO. 2019-075
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE PURCHASE OF $1 BILLION OF PROPERTY
INSURANCE COVERAGE THROUGH ALLIANT INSURANCE SERVICES INC.'S
ALLIANT PROPERTY INSURANCE PROGRAM (APIP) FOR FISCAL YEAR 2019-
2020 IN AN AMOUNT NOT TO EXCEED $233,014.
Exhibit 1
WHEREAS, the City Council of the City of Carlsbad, California has determined that it has a desire
to renew its annual property insurance through Alliant Insurance Services, lnc.'s Alliant Property
Insurance Program (APIP); and
WHEREAS, Alliant Insurance Services has negotiated a renewal of $1 billion of property
coverage for the next fiscal year beginning July 1, 2019 and concluding on June 30, 2020 for an annual
premium in an amount not to exceed $233,014.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1. That the above recitations are true and correct.
2. That the purchase of $1 billion of property coverage through Alliant Property Insurance
Program, effective July 1, 2019 to June 30, 2020, is hereby approved and the Deputy City
Manager of Administrative Services is authorized to issue a warrant in the amount not
to exceed $233,014 for payment of the premium to Alliant Insurance Services
(Attachment A).
PASSED, APPROVED AND ADOPTED at a Special Meeting of the City Council of the City of
Carlsbad on the 11th day of June, 2019, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Schumacher, Hamilton.
None.
None.
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BARBARA ENGLESON, City Clerk
(SEAL)
June 11, 2019 Item #2 Page 3 of 4
INVOICE
Alliant Insurance Services Inc.
1301 Dove Street Suite 200 Newport Beach, CA 92660
NAMED INSURED:
City of Carlsbad
INVOICE DATE: May 31, 2019
CUSTOMER NUMBER: CARLSBA-01
EFFECTIVE DATE: July 1, 2019
INSURANCE CO: Various INVOICE NUMBER: 1060355 POLICY NUMBER: PPROP1920
Total Property Premium:
ABS Fee:
Estimated SLT&F’s
Broker Fee:
$ 214,535.00
$ 3,466.00
$ 6,952.57
$ 0.00
ALL RISK PROPERTY SUBTOTAL $ 224,953.57
INSURANCE CO: Various INVOICE NUMBER: 2060355 POLICY NUMBER: PBOILER1920
EXCESS BOILER & MACHINERY SUBTOTAL $ 2,733.00
TOTAL DUE AT THIS TIME $ 227,686.57
Total Due includes Premiums, Taxes and Fees where applicable. The Cyber Enhancement premium,
should you have elected to purchase this coverage, is not included as part of this invoice.
Please return a copy of the invoice with your payment. Premiums are due and payable upon receipt of this
invoice but no later than July 20, 2019. If payment is not received by the due date, policies may be subject
to cancellation.
Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.
Details on our compensation policy, including the types of income that Alliant may earn on a placement,
are available on our website at www.alliant.com. For a copy of our policy or for any inquiries regarding
compensation issues pertaining to your account you may also contact us at: Alliant Insurance Services,
Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101.
June 11, 2019 Item #2 Page 4 of 4