Insurance (Contracts)_Sepember 1976INSURANCE (Contracts) 28
Date
Memo #5481, all risk insurance coverage for 1/21/76
Burroughs Computer System, awarded, Adae &
Hooper Insurance, Inc., for American Home
Assurance Co., annual premium $2,530 for 3 yr
contract (total premium for 3 yrs' coverage,
$7,590.00).
Memo #5848, re -bid of crime insurance on a
competitive negotiation basis. Admin. author-
ized to readvertise for general proposals, the
final terms to be negotiated. Admin. directed
to contact other municipalities of similar size,
which have this type of insurance, to determine
the names of their carriers, and to then nego-
tiate for coverage. City Atty. directed to
9/1/76
INSURANCE (Contracts) �9
(cont i ni,e d) Date
bring to the attention of the State Insurance
Commissioner the difficulties of municipalities
in obtaining various types of insurance coverage
and to request Commissioner to take necessary
remedial steps. 9/1/76
Memo #5849, amublance service malpractice
liability insurance for 1 yr., awarded,
Seitlin & Co., for alternate bid, quoting
$14,000.
9/1/76
Memo #5877, fire insurance for existing City 9/15/76
Hall and Youth Center - to be included with
coverage established by Bid No. 140-75, awarded
by Council 10/15/75. Endorsement to current
INSURANCE (Contracts) 30
(continued) Date
policy by Baldwin Insurance, Inc., agent -of -
record for Southern Underwriters, Inc., for
total additional premium of $39,306.00, ap-
proved;policy to expire 10/15/78. (NOTE: If
City Hall policy is cancelled prior to 10/15/78,
short rate will apply). 9/15/76
Memo #6028, crime insurance, awarded, Adae & 11/24/76
Hooper through Southern Underwriters repre-
sentating Fidelity & Deposit Insurance Co.,
quoting $31,662, for total 3 -yr. premium, pay-
able in annual installments of $10,554.00.
Memo #6301, Public Official Liability Insurance 4/20/77
coverage, premium: $9,401.50 per yr. (approx.),