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T0: Clerk -Administrator <br />FROM: Finance Director <br />DATE: December 7, 1984 <br />RE: 1984/1985 INSURANCE CONTRACTS <br />Upon receipt of the City's 1984/1985 insurance policies, which were <br />issued on October 11, 1984, 1 sent them to our insurance and risk <br />management consultant, Brian Colway, Corporate Risk Managers, Inc., <br />for review. I have recently received a copy of a letter sent to our <br />insurance agent, Mike Hadrath, Transcontinental Brokers, Inc., from <br />Mr. Colway (copy attached). The letter indicates that the policies <br />which were issued, in numerous instances, do not conform to the bid <br />specifications, that invoices issued by Transcontinental Brokers, <br />Inc. deviate from their original quotation, and that worksheets re- <br />quested from the Home Insurance Company to verify that premiums were <br />correctly calculated and that invoices for additional charges billed <br />as a requit of audits are correct have not been received. 1 will <br />work with our insurance consultant and insurance agent to resolve <br />these items. <br />DB/ds <br />Attachment <br />