City of Torrance City Council Agenda April 2026
Transit Insurance Pool Membership Renewed for 2026-27
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Description
Torrance will renew its annual membership with the California Transit Indemnity Pool for Program Year 2026-27 at a not-to-exceed cost of $1,116,602. The one-year agreement provides transit insurance coverage from May 1, 2026 through May 1, 2027.
Contract Details
Contract Amount
$1,015,093 plus 10% contingency of $101,509; total not-to-exceed $1,116,602
Vendor
CALIFORNIA TRANSIT INDEMNITY POOL
Agency
City of Torrance, CA
Contract Type
INSURANCE
Document Date
April 21, 2026
Contract Term
May 1, 2026 – May 1, 2027
Renewal Date
2027-05-01
Renewal Info
One-year annual membership renewal for Program Year 2026-27 running May 1, 2026 to May 1, 2027; future renewals would require additional Council approval.
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