City of Red Deer Audit Committee Agenda Packet May 20 2026
City Maintains Multi-Year Crime Coverage With AIG
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Description
The City of Red Deer has a multi-year crime insurance policy with AIG running from 2025 to 2028 at an annual premium of $15,000. The coverage protects against losses from fraud, employee theft, forgery, and related risks.
Contract Details
Contract Amount
$15,000.00 annually (premium remains at $15,000.00 for 2025–2028)
Vendor
AIG
Agency
City of Red Deer, Canada
Contract Type
INSURANCE
Document Date
May 20, 2026
Contract Term
2025 – 2028 (crime coverage)
Renewal Date
2028-03-01
Renewal Info
Crime coverage placed with AIG in 2025 with premiums fixed through 2028, providing a stable multi-year arrangement.
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