Cal City gets slight decline in insurance rate for upcoming year

2013-03-18T00:00:00Z Cal City gets slight decline in insurance rate for upcoming yearGregory Tejeda Times Correspondent nwitimes.com
March 18, 2013 12:00 am  • 

CALUMET CITY | Municipal government will receive a slight decline in the amount of money it has to pay in the upcoming year for insurance to cover its property and legal liability.

The City Council on Thursday voted 7-0 to accept an offer from the Mesirow Insurance Services Inc. to pay $428,824 for their insurance from April 1 through April 1, 2014.

For the yearlong period that ends March 30, Calumet City government paid $444,285. But a memorandum from Personnel and Purchasing Director George Vallis to the City Council said that coverages between carriers was shifted around in a way that reduced the cost by $15,461 without increasing deductibles or reducing the amount of insurance coverage the city will have.

The insurance program provides coverage for city buildings, personal property, crime, auto fleet, and liability for general purposes, automobiles, law enforcement, public officials and employment practices.

In a related measure, the City Council also approved a renewal of the agreement between municipal government and Cannon Cochran Management Services Inc., which serves as a third party administrator for property and casualty claims. The city will pay $12,500, the same amount it paid for the yearlong period ending March 31.

In other business, aldermen approved a $14,900 payment to South Holland-based Holland Asphalt Services Inc., for 12 loads of road salt.

Also approved by the City Council was a $1,044.65 payment to the Chicago Southland Convention & Visitors Bureau.

The amount is Calumet City government’s contribution to the group that promotes tourism projects in the south suburbs. It is based on 95 percent of 1 percent of the gross rental or lease charges collected in Calumet City from Nov. 1 through Jan. 31.

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

Featured Businesses

Poll

Loading…

Is a town marshal needed in Winfield?

View Results