Town of Soo Awards Insurance Contract to Breadon Group (January 2026)

The City of Sault Ste Marie, MI entered into an early renewal rate indication agreement with The Breadon Group effective January 12, 2026. The agreement caps the July 2026–2027 renewal rate increase at 6% plus exposure changes subject to loss experience, and commits the insurer to provide advance rate indications for the July 2027–2028 and July 2028–2029 policy terms.

Scope & details

The full contract record, as filed.

Contract type

INSURANCE

Contract term

Early renewal rate indication covering policy terms July 2026–2027, July 2027–2028, and July 2028–2029

Renewal date

2028-01-30

Renewal

Covers early renewal rate indication for three successive policy terms: July 2026–2027 with a rate increase cap of 6% plus exposure changes contingent on loss experience, plus commitments to provide rate indications for July 2027–2028 by January 30, 2027 and for July 2028–2029 by January 30, 2028. The Breadon Group may adjust rates upward if the insured’s loss experience worsens by line or in total.

Document type

Agreement

Source document

City of Sault Ste Marie Early Renewal Rate Indication Agreement 2026-01-12

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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 Soo?

Breadon Group was awarded this insurance contract by Town of Soo, as recorded on January 12, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Sault Ste Marie Early Renewal Rate Indication Agreement 2026-01-12 (Agreement), dated January 12, 2026 from Town of Soo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Breadon Group hold?

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

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