City of Bay City Agenda Regular Meeting 2026-06-15
City Insurance & Risk Management Renewal Recommended
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Description
The City Manager recommends renewing the City's self-insurance and risk management services agreement with the Michigan Municipal Risk Management Authority of Livonia. The renewal totals $626,777 plus $32,752 for stop loss, offset by a $157,100 Net Asset Distribution credit.
Contract Details
Contract Amount
$626,777 plus $32,752 for stop loss, less Net Asset Distribution of $157,100
Vendor
MICHIGAN MUNICIPAL RISK MANAGEMENT AUTHORITY LIVONIA MI
Agency
City of Bay, MI
Contract Type
INSURANCE
Document Date
June 15, 2026
Renewal Info
Renewal of existing self-insurance and risk management agreement with updated premium and stop-loss amounts; specific coverage period not stated in agenda item.
More from MICHIGAN MUNICIPAL RISK MANAGEMENT AUTHORITY LIVONIA MI
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