INSURANCERENEWED

CalTIP Transit Insurance Membership Renewed for 2026-27

The Torrance City Council will consider renewing its annual membership with the California Transit Indemnity Pool for Program Year 2026-27 at a cost not to exceed $1,116,602. The one-year agreement provides pooled insurance coverage for the City's transit operations from May 1, 2026 through May 1, 2027.

Status
RENEWED
Document date
April 18, 2026
Contract type
INSURANCE
Vendor
California Transit Indemnity Pool
Agency
City of Torrance · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,015,093 plus 10% contingency of $101,509, total not-to-exceed $1,116,602
Contract type
INSURANCE
Contract term
One-year period beginning May 1, 2026 and ending May 1, 2027
Renewal date
2027-05-01
Renewal
One-year membership renewal for Program Year 2026-27 running May 1, 2026 to May 1, 2027; future renewals likely annual but not specified.
Document type
Agenda
Source document
Torrance City Council Agenda April 21, 2026

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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 Torrance?

California Transit Indemnity Pool was awarded this insurance contract by City of Torrance, as recorded on April 18, 2026. The contract value is $1,015,093 plus 10% contingency of $101,509, total not-to-exceed $1,116,602.

How much is the California Transit Indemnity Pool contract with City of Torrance worth?

The California Transit Indemnity Pool contract with City of Torrance is valued at $1,015,093 plus 10% contingency of $101,509, total not-to-exceed $1,116,602, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Torrance City Council Agenda April 21, 2026 (Agenda), dated April 18, 2026 from City of Torrance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Transit Indemnity Pool hold?

California Transit Indemnity Pool 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 California Transit Indemnity Pool's profile

What is City of Torrance currently buying?

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

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