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HomeMy WebLinkAboutChubb Insurance-6/23/2014CITY OF WATERLOO Council Communication City Council Meeting: June 23, 2014 Prepared: Tune 11, 2014 Dept. Head Signature: Suzy Schares # of Attachments: SUBJECT: Renewal of Property Insurance Submitted by: Suzy Schares, City Clerk Recommended City Council Action: Resolution approving renewal of property insurance for a total premium of $362,475.00 with Chubb Insurance, together with recommendation of approval of Insurance Committee. Summary Statement: Approval of the premium is done on a yearly basis. Expenditure Required: Source of Funds Policy Issue Alternative Background Information: