City of Red Deer Audit Committee Agenda Packet May 20 2026
City Renews Excess Property Coverage With Intact
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Description
The City of Red Deer renewed its $150 million excess property insurance layer with Intact Insurance and Liberty for 2026–2027 at a 4% rate decrease. The policy includes a 2.5% risk bursary tied to risk control initiatives at high-value locations.
Contract Details
Vendor
INTACT INSURANCE
Agency
City of Red Deer, Canada
Contract Type
INSURANCE
Document Date
May 20, 2026
Contract Term
March 1, 2026 – March 1, 2027
Renewal Date
2027-03-01
Renewal Info
Excess property placement renewed for 2026–2027 with reduced rates and a risk bursary incentive for targeted risk control work.
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