City of Fairbanks Awards $1,937,560 Insurance Contract to Alaska Public Risk Alliance (July 2026)

The City of Fairbanks approved payment of $1,937,560 to the Alaska Public Risk Alliance for comprehensive municipal insurance coverage from July 1, 2026 through June 30, 2027. The package includes liability, workers’ compensation, property, police professional, and cyber coverage under an existing membership agreement.

Scope & details

The full contract record, as filed.

Contract amount

$1,937,560

Contract type

INSURANCE

Contract term

July 1, 2026 – June 30, 2027

Renewal date

2027-06-30

Renewal

Annual pooled insurance placement under a Participant Membership Agreement with APRA; this action accepts APRA’s 2026–2027 proposal as recommended by broker Hale & Associates. Future-year premiums will be set based on exposures, loss experience, and updated property valuations.

Document type

Agenda

Source document

Fairbanks City Council Agenda 2026-07-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by City of Fairbanks?

Alaska Public Risk Alliance was awarded this insurance contract by City of Fairbanks, as recorded on July 7, 2026. The contract value is $1,937,560.

How much is the Alaska Public Risk Alliance contract with City of Fairbanks worth?

The Alaska Public Risk Alliance contract with City of Fairbanks is valued at $1,937,560, covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Fairbanks City Council Agenda 2026-07-07 (Agenda), dated July 7, 2026 from City of Fairbanks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Alaska Public Risk Alliance hold?

Alaska Public Risk Alliance 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 Alaska Public Risk Alliance's profile

What is City of Fairbanks currently buying?

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

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