Torrance City Council Meeting Agenda April 22 2025
City Renews Transit Liability Insurance with CalTIP
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Description
The Torrance City Council approved the annual membership renewal with California Transit Indemnity Pool (CalTIP) for an amount not to exceed $837,187. The agreement covers transit liability insurance for FY2025-26.
Contract Details
Contract Amount
Not-to-Exceed $837,187
Vendor
CALIFORNIA TRANSIT INDEMNITY POOL
Agency
City of Torrance, CA
Contract Type
INSURANCE
Document Date
April 22, 2025
Contract Term
One-year period beginning May 1, 2025 and ending May 1, 2026
Renewal Date
2026-05-01
Renewal Info
Annual renewal, May 1, 2025 to May 1, 2026
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