PL PACKET 06161992 - Laserfiche WebLink

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1 Council Meeting 2 May 26, 1992 3 Page 6 4 5 6 Mr. Bonniwell indicated he recalled the Council ' s intent of 7 letting the audit out for bids this year and thanked the Mayor 8 for telling him he had done an excellent job on the 1991 audit. 9 10 The agenda was suspended to take up the item under "A" NEW 11 BUSINESS. 12 13 IX NEW BUSINESS 14 15 A. Approval of City' s Insurance Carrier for 1992 16 17 Mark - Flaten of American Risk Services, Inc. , was present to 18 discuss the League of MN Cities insurance renewal proposals 19 for insurance coverage for the City from June 1, 1992-May 31, 20 1993 as discussed in the City Finance Director ' s May 21 21 memorandum to Mr. Burt which had been included in the 22 Council ' s agenda packet. 23 24 Mr. Flaten told the Council that the City had again "plowed 25 new ground" when he and Mr. Larson had met with the League of 26 MN Cities Insurance Trust Representative a year ago and the '27 Finance Director had told him he had read someplace where 28 "lime yellow firetrucks were-easier- to see than-red- 29 firetrucks" . Mr. Larson' s suggestion that the League give a 30 discount for that color translated into a 10% discount on auto 31 liability for trucks of that color including St. Anthony' s . 32 33 Mr. Flaten drew attention to the City' s largest increase 34 which was for Workers Compensation. The decision to go to a 35 guaranteed cost rather than to a retroactive program proved to 36 be a wise decision he pointed out, because the City' s 37 experience this year was far worse than in prior years. The 38 Council agreed with staff that in view of anticipated 39 claims,the guaranteed cost program should be retained for 40 another year. Mr. Burt reported the City had established a 41 Safety Committee this year to work with the League' s Loss 42 Prevention Representatives in an attempt to decrease these 43 types of claims, especially for back injuries .Mr. Flaten 44 perceived an improvement in premiums for the next year due to 45 the League' s proposed deductible -program and legislative 46 action this year. 47 48 The insurance representative indicated attendance of City 49 liquor servers at the League training sessions for liquor 50 servers could result in a $5, 000 .00 cost saving for the City. 51 Mr. Flaten recommendations were accepted in the following: 52 53 Motion by Marks, seconded by Wagner to accept the League of 54 Minnesota Cities insurance proposal as recommended in the 55 Finance Director ' s May 21 memorandum to the City Manager. 56 57 Motion carried unanimously.