Approve Modification No. 7 to Contract No. 4400007280 with Marsh & McLennan Companies, Inc., in the amount of $2,091,527.00, for sole insurance broker of record services for property, boiler, and machinery insurance. (Information Technology Services) (Commissioners Travillion & Gómez)
Staff Report & Agenda Item Details
Contractor is the sole insurance broker of record services for property, boiler, and machinery insurance. The contractor performed a comprehensive marketing strategy and, based on the results, recommends binding insurance with Affiliated FM Insurance Company, with whom the County currently has coverage under Policy Number 1145758, which expires on February 28, 2026. The new policy, Policy Number 1163268, will be effective from February 28, 2026, through February 28, 2027.<br> <br><strong>Contract Information:</strong><br>Contract No.: 4400007280<br>Contractor Name: Marsh & McLennan Companies, Inc.<br>Contract Modification Amount: $2,091,527.00<br>Contract Period: November 16, 2025, to November 15, 2026<br> <br><strong>Current Contract Expenditures:</strong><strong> </strong>Within the last 12 months, $75,787.00 has been spent against this contract.<br> <br><strong>Previous Contract and Modification Activity:</strong><br>See attached Contract and Modification Summary