HomeMy WebLinkAboutItem 18 - Property and Casualty InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 16, 2025
SUBJECT: APPROVAL TO RENEW ANNUAL POLICY FOR PROPERTY AND
CASUALTY INSURANCE COVERAGE
RECOMMENDATION: City Council to consider the renewal of an annual policy for property and
casualty insurance coverage with Travelers Insurance.
FUNDING SOURCE: Funds are available in various departments for an estimated amount of
$2,500,595.
BACKGROUND: The City of Grapevine is fully insured for property, general liability,
professional liability, law enforcement liability, business automobile,
excess liability, inland marine, and foreign package liability.
The City's broker, HUB International Insurance Services (HUB) received
proposals, including a renewal quote from Travelers Insurance. HUB
secured pricing for the renewal of this policy. City staff reviewed the
proposals and determined Travelers Insurance would provide the best
policy, pricing, and service for meeting the needs of the City. This is a one
year policy.
Staff recommends approval.