AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 9/5/2018
TO: Honorable Mayor and City Council Members
FROM: Administrative Services Department
SUBJECT:
Title
City Council consideration and approval of the Disability, Life, Employee Assistance, Dental, and Vision insurance policies for calendar year 2019 and 2020.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Authorize renewal of the short-term and long-term disability, life, and employee assistance insurance policies with The Standard Insurance Company for calendar year for 2019 and 2020.
2. Authorize renewal of the dental health maintenance organization (HMO) and the dental preferred provider (PPO) policies with Delta Dental for calendar year 2019 and 2020.
3. Authorize renewal of the vision insurance policy with EyeMed for calendar year 2019 and 2020.
4. Authorize the above insurance policy renewals using USI insurance Services competitive process as an appropriate alternative to the City's formal public competitive bidding procedures, as authorized by Corona Municipal Code Section 3.08.140 E.
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ANALYSIS:
Wells Fargo Insurance Services (WFIS) was acquired by USI Insurance Services (USI) along with more than forty smaller WFIS brokerage offices in November of 2017. USI is headquartered in Valhalla, New York and is one of the largest privately held insurance brokerage firms in the country. They have more than $1.0 billion in revenue, employ more than 4,400 professionals and operate out of 140 local offices serving every state. USI has more than 100 years of consulting and brokerage experience through their acquired agencies, with local offices dating back in their communities as far as the late 1800s. USI combines industry leading national capabilities delivered through longstanding, passionate, and committed local service teams. By joining USI, an industry leader, WFIS insurance professionals were able to continue to provide customers with products and servic...
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