Loading...
95-21644 Reso RESOLUTION NO. 95-21644 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING RESOLUTION NO. 93-20877, WHICH PROHIBITS THE CITY OF MIAMI BEACH FROM TRANSACTING BUSINESS WITH ANY INSURANCE COMPANY,ITS SUBSIDIARY,PARENT, PARENT'S SUBSIDIARY, AND OTHER ENTITY RELATED TO INSURANCE COMPANIES WHICH CANCELS OR FAILS TO RENEW ANY PERSONAL OR COMMERCIAL LINES PROPERTY INSURANCE POLICY IN THE CITY OF MIAMI BEACH ON THE BASIS OF RISK OF HURRICANE CLAIMS AND/OR CLAIMS ARISING AS A CONSEQUENCE OF HURRICANE ANDREW; SAID AMENDMENT ALLOWING A WAIVER OF THE REQUIREMENTS OF THE RESOLUTION,IF SUCH WAIVER IS FOUND TO BE IN THE BEST INTEREST OF THE CITY. WHEREAS, on September 8, 1993,the Mayor and City Commission adopted Resolution No. 93-20877 (City's Resolution) which, in part, prohibited the City of Miami Beach from transacting business with any insurance company,its subsidiary,parent,parent's subsidiary,and any other entity related to an insurance company which cancelled or failed to renew any personal or commercial lines property insurance policy in the City of Miami Beach on the basis of risk of hurricane claims and/or claims arising as a consequence of Hurricane Andrew; and WHEREAS, at the time of the adoption of the City's Resolution, the Board of County Commissioners of Dade County, on June 17, 1993, adopted a similar resolution (the County's Resolution), which prohibited Metropolitan Dade County from transacting business with any insurance company, its subsidiary, parent, parent's subsidiary, and any other entity related to an insurance company which cancelled or failed to renew any personal or commercial lines property insurance policy in Dade County on the basis of risk of hurricane claims and/or claims arising as a consequence of Hurricane Andrew; and WHEREAS, in the adoption of both the City's and County's Resolutions, in the aftermath of Hurricane Andrew,it was the intent of both of these legislative bodies to send out a clear message to the residents of Miami Beach and Dade County, respectively,that no homeowner who suffered a loss as a result of Hurricane Andrew,would be left with the possibility of facing another hurricane without the prospect of any future home insurance coverage, and that any arbitrary behavior on the part of insurance companies who cancelled homeowners policies solely as a consequence of Hurricane Andrew or the risk of hurricane claims,without leaving them with alternate avenues of coverage, would not be tolerated; and WHEREAS, since the passage of both the City's and County's Resolutions, significant affirmative steps by the State of Florida including, but not limited to, the creation of the Joint Underwriting Association(JUA),created in the aftermath of Hurricane Andrew and now covering more than 700,000 home owners,making it the State's third largest insurer of homes, as well as the recent passage of House Bill No. 26-19, which offers private insurance companies financial incentives for taking people out of the JUA and is also aimed at strengthening a State Catastrophic Fund created after Hurricane Andrew, have made the threat of homeowners being left to face another hurricane without any home insurance coverage, a more remote one; and WHEREAS,as currently written, the City's Resolution is still a blanket prohibition which prevents the City from transacting business with virtually any entity, however remote or tenuous the relationship,which is associated with an insurance company that cancelled or failed to renew any personal or commercial lines policy as a result of Hurricane Andrew and allows no room for the exercise of good faith, case by case, discretion on the part of the Mayor and City Commission, 2 particularly in situations where a substantial benefit may be conferred upon the City by allowing a waiver of the requirements of the City's Resolution; and WHEREAS, Dade County recently confronted this same dilemma when, in May 1995, it overturned the County's Resolution, waiving the post hurricane rule to allow the County to do business with an investment firm which it added to its list of bond underwriters, as the subject firm was owned by an insurance company which had cancelled homeowner policies after Hurricane Andrew; and WHEREAS,after revisiting the language in the City's Resolution,the Administration and City Attorney's Office would herein jointly recommend that the Mayor and City Commission adopt an amendment to the City's Resolution which would effectively allow the Mayor and City Commission to consider good faith waivers of the prohibitions established within the City's Resolution, on a case by case basis, particularly in instances where a potential contractor with the City may be conferring a substantial benefit upon the City and, in turn, upon the residents of the City of Miami Beach; and WHEREAS, as the proposed amendment would allow the Mayor and City Commission the discretion to either to grant or disallow a waiver of the City's Resolution,on a case by case basis, the prohibitions originally established by the City's Resolution would still be maintained as a clear and good faith policy of this City's stance on any future arbitrary and capricious behavior by insurance companies against the residents of the City of Miami Beach, in the wake of Hurricane Andrew or of any future hurricanes. 3 NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,that Resolution No. 93-20877 (the City's Resolution)be amended as follows,with the insertion of the following sentence at the end of the Resolution: Notwithstanding the above.the provisions of this resolution may be waived by the Commission, if such waiver is found to be in the best interest of the City. PASSED and ADOPTED this 12th day of July , 1995. ATTEST: MAYOR )-c:4 "fl� FORM APPROVED ERK L GAL DEPT. A:INSUR.RES By / i. d i/� LL Date 4 / Y ? 11 4 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 COMMISSION MEMORANDUM NO. So- 9.5 TO: Mayor Seymour Gelber and DATE: July 12, 1995 Members of the City Commission FROM: Jose Garcia-Pedrosa P / City Manager Murray Dubbin City Attorney SUBJECT: PROPOSED AMENDMENT TO RESOLUTION NO. 93-20877 RELATIVE TO INSURANCE COMPANIES CANCELLING OR FAILING TO RENEW INSURANCE POLICIES IN THE CITY OF MIAMI BEACH ON THE BASIS OF RISK OF HURRICANE CLAIMS AND/OR ARISING AS A CONSEQUENCE OF HURRICANE ANDREW Attached is a detailed analysis of Resolution No. 93-20877 relative to insurance companies cancelling or failing to renew insurance policies in the city of Miami Beach on the basis of risk of hurricane claims and/or arising as a consequence of Hurricane Andrew. The analysis finds that Prudential is in compliance with the terms of the Resolution and also suggests language to amend the Resolution should it be in the best interest of the City of Miami Beach to do so. A resolution setting forth the proposed amendment is also enclosed for Consideration by the Mayor and City Commission. BACKGROUND On September 8, 1993, the Mayor and City Commission adopted Resolution 93-20877 relating to insurance companies which cancels or fails to renew property insurance policies in the City of Miami Beach on the basis of risk of hurricane claims and/or claims arising as a consequence of Hurricane Andrew. On February 1, 1995, the Mayor and City Commission considered awarding the dental insurance contract for employees/retirees; among the bidders, is the recommended company of Prudential. (Note:At that time, questions relative to the applicability of the Resolution to Prudential were unanswered) At that meeting, the contract was awarded to the incumbent carrier(Prudential) on a month-to-month basis, until September 30, 1995, so as to provide enough time to fully analyze the impact of Resolution No. 93-20877. In conjunction with this issue,the City Attorney's Office has prepared the attached legal opinion with regard to the impact of Resolution 93-20877, not only as relating to Prudential but also as to existing and future transactions with contractors doing (or wishing to do) business with the City of Miami Beach. As the attached legal opinion also recommends an amendment to Resolution 93-20877, a resolution setting forth same is also included for consideration by the Mayor and City Commission. PFL:me AGENDA Q, ITEM DATE ! —I 2-9C