Metropolitan Water District’s FAAME Committee agenda includes Item 7-5 to approve up to 2.65 million to purchase insurance coverage for the District’s Property and Casualty Insurance Program for fiscal year 2026/27. This action will authorize management to secure the district-wide risk transfer needed to cover facilities, operations, and liability exposures in the coming fiscal year. The item signals that placement of the FY 2026/27 program is in progress, but no broker or carrier panel is named in the document, leaving some room for positioning on excess lines, specialty coverages, or ancillary risk services. For insurance brokers and risk engineering firms, this provides insight into the approximate annual premium and timing of the renewal cycle, supporting outreach around alternative structures, deductible strategies, risk control, and claims analytics ahead of future-year renewals.

Item is noticed as exempt/not subject to CEQA, indicating purely financial/insurance nature rather t...