INSURANCEREJECTED

City Rejects FMIT FY27 Primary Coverage Renewal

Florida Municipal Insurance Trust submitted initial and revised FY27 renewal proposals to St. Augustine, including a revised annual premium of $1,359,937. The City’s analysis compared FMIT with Public Risk Management of Florida, and the primary FY27 coverage was placed with PRM instead.

Document date · September 22, 2026

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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
$1,359,937 annual premium for revised FY27 proposal; $2,093,245 annual premium for initial FY27 proposal
Contract type
INSURANCE
Contract term
FY2027 coverage; beginning October 1, 2026
Renewal date
2027-10-01
Renewal
The automatic FMIT renewal was stopped on August 14, 2026; the revised FY27 proposal was not selected for the primary coverage lines.
Document type
AgendaPacket
Source document
City of St. Augustine AgendaPacket City Commission Meeting 2026-09-28

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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 St. Augustine?

Florida Municipal Insurance Trust (fmit) was awarded this insurance contract by City of St. Augustine, as recorded on September 22, 2026. The contract value is $1,359,937 annual premium for revised FY27 proposal; $2,093,245 annual premium for initial FY27 proposal.

How much is the Florida Municipal Insurance Trust (fmit) contract with City of St. Augustine worth?

The Florida Municipal Insurance Trust (fmit) contract with City of St. Augustine is valued at $1,359,937 annual premium for revised FY27 proposal; $2,093,245 annual premium for initial FY27 proposal, covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of St. Augustine AgendaPacket City Commission Meeting 2026-09-28 (AgendaPacket), dated September 22, 2026 from City of St. Augustine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Florida Municipal Insurance Trust (fmit) hold?

Florida Municipal Insurance Trust (fmit) 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 Florida Municipal Insurance Trust (fmit)'s profile

What is City of St. Augustine currently buying?

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

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