Town of Sparks Awards $771,481 Insurance Contract to Berkshire Hathaway (July 2026)

The Sparks City Council approved purchasing FY27 stop loss insurance from Berkshire Hathaway for the City’s self-funded Group Health Plan at a cost of $771,481. The policy, with a $350,000 individual deductible, limits the City’s exposure to catastrophic medical and prescription claims by employees and dependents.

Scope & details

The full contract record, as filed.

Contract amount

$771,481

Contract type

INSURANCE

Contract term

FY27

Renewal date

2027-06-30

Renewal

One-year stop loss insurance policy for FY27; future years will require new annual procurement or renewal action.

Document type

AgendaPacket

Source document

City of Sparks AgendaPacket 2026-07-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Town of Sparks?

Berkshire Hathaway was awarded this insurance contract by Town of Sparks, as recorded on July 26, 2026. The contract value is $771,481.

How much is the Berkshire Hathaway contract with Town of Sparks worth?

The Berkshire Hathaway contract with Town of Sparks is valued at $771,481, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Sparks AgendaPacket 2026-07-27 (AgendaPacket), dated July 26, 2026 from Town of Sparks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Berkshire Hathaway hold?

Berkshire Hathaway may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Berkshire Hathaway's profile

What is Town of Sparks currently buying?

Explore Town of Sparks's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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