City of Miramar Commission Regular Meeting Agenda March 2026
Marsh and McLennan Takes Over Miramar Insurance Program
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Description
Through Temp. Reso. #R8624, the Miramar City Commission will assign its insurance brokerage contract to Marsh and McLennan and renew the City's property and casualty insurance program effective April 1, 2026. The renewed coverages carry projected premiums of $4,286,073, capped at $4,500,000 including taxes and fees.
Contract Details
Contract Amount
Projected premium cost of $4,286,073 not to exceed $4,500,000 including taxes and fees
Vendor
MARSH & MCLENNAN
Agency
City of Miramar, FL
Contract Type
INSURANCE
Document Date
March 18, 2026
Contract Term
Effective April 1, 2026 for property and casualty insurance program; brokerage contract term June 30, 2026 to June 29, 2027
Renewal Date
2027-06-29
Renewal Info
Second one-year renewal of the insurance brokerage arrangement, with assignment from McGriff Insurance Services to Marsh and McLennan and authority granted to negotiate lower premiums during the June 30, 2026–June 29, 2027 term.
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