26-27 CITY OF TEMPE RENEWAL PRESENTATION FOR RMTB 062326.PDF

City of Tempe, AZ
2026-2027 Property & Casualty 
Insurance Renewal
Shawn M. Kraatz, SVP
Pamela Dominguez, FVP
Joan Boxwell, Account Manager Lead
Presented: June 23, 2026| RMTB Meeting

Premium Comparison 2026/27

Property
2025-2026
2026-2027
2026-2027
Carrier:
Travelers
Travelers
APIP - Various
Limits:
$1,433,828,219
$100M Policy Limit
$1M EDP
$10M Earthquake
$5M Flood Zone A
$10M Flood All Other
$100M Boiler 
&Machinery
$5,787,784 Fine Arts
$10M Newly Constructed
$3,196,286 Contractors 
Equipment
$10M Business Interruption
$10M Extra Expense
$1,503,634,356
$100M Policy Limit
$1M EDP
$10M Earthquake
$5M Flood Zone A
$10M Flood All Other
$100M Boiler & 
Machinery
$7,654,784 Fine Arts
$10M Newly Constructed
$5,960,636 Contractors 
Equipment
$10M Business Interruption
$10M Extra Expense
$1,521,566,433 TIV
$250M Policy Limit
$10M EDP
*see below
$5M Flood Zone A&V
Flood All Other*
$200M Boiler & 
Machinery
$2.5M Unscheduled FA
$25M Newly acquired
$5,960,636 Contractors 
Equipment 
$200M Business Interruption
$75M Extra Expense
* Due to timing of RMTB submission of correspondence, Alliant is in negotiations and will present final at RMTB Meeting.

Property
2025-2026
2026-2027
2026-2027
Carrier:
Travelers
Travelers
APIP - Various
Deductibles:
$500K Earthquake
$500K xs NFIP
$500K Flood All Other
$500K Boiler & 
Machinery
$500K Any Other Loss
$500K Earthquake
$500K xs NFIP
$500K Flood All Other
$500K Boiler & 
Machinery
$500K Any Other Loss
$500K Flood
$50K All Other Covered 
Loss
Auto Physical Damage 
(APD)
See comparison for additional 
deductibles* 
Premium:
$ 524,650
$ 523,000
$  92,529.12 APD Tax/Fee
$615,529.12
$620,006 W/APD
$  24,730.19 Tax/Fee
$644,736.19
* Due to timing of RMTB submission of correspondence, Alliant is in negotiations and will present final at RMTB Meeting.

Property
2026-2027 Policy Changes/Comments:
•
2025 TIV $1,433,828,219 Travelers
•
2026 TIV $1,503,634,356 Travelers
•
2026 TIV $1,521,566,433 APIP
•
Travelers - 2025 Rate: .0366/2026 Rate: .0348
•
Travelers - TRIA Option: $14,560 Additional Premium
•
Travelers - No notable changes to terms and/or conditions
•
Marketing Report
–
Travelers: Quoted
–
APIP: Quoted – see attached overview of enhancements and comparison*
–
Chubb: Declined – Chubb indicated.04/Net rate and needed a clearer path to move forward for a 
formal quote. In addition, we asked for and APD option and their Auto Physical Damage form does not 
cover over-the-road exposure.
–
Liberty: Declined - unable to provide a competitive quote
* Due to timing of RMTB submission of correspondence, Alliant is in negotiations and will present final at RMTB Meeting.

Auto Physical Damage
2025-2026
2026-2027
2026-2027
Carrier:
Lexington Insurance 
Company
Lexington Insurance 
Company
APIP - Various
Limits:
$10M Policy Limit
$10M VPD Occurrence 
Limit
$1.3M Vehicle Limit
$5M Earth Movement
$5M Flood
$2.5M Special Flood 
Hazard Areas
$250k Newly Acquired 
Vehicles
$10M Policy Limit
$10M VPD Occurrence 
Limit
$1.3M Vehicle Limit
$5M Earth Movement
$5M Flood
$2.5M Special Flood 
Hazard Areas
$250k Newly Acquired 
Vehicles
Included in All Risk Limit 
- Per Occurrence for Off 
Premises Vehicle 
Physical Damage
Deductibles:
$150,000 Each claim for 
loss or damage
$150,000 Each claim for 
loss or damage
*See Below
Premium:
$63,591.84
(Incl. SL Tax/Fee)
$ 92,529.12
 (Incl. SL Tax/Fee) 
Included 
* Due to timing of RMTB submission of correspondence, Alliant is in negotiations and will present final at RMTB Meeting.

Auto Physical Damage
2026-2027 Policy Changes/Comments:
•
Physical Damage: Book Value Greater than $150,000; Model Year 
2019 or newer = Total of 51 Vehicles and $17,932,087 in Value
•
46% increase in exposure year over year
•
No notable changes to terms and/or conditions
•
APIP: Quoted – see attached overview of enhancements and comparison*
* Due to timing of RMTB submission of correspondence, Alliant is in negotiations and will present final at RMTB Meeting.

Excess Workers Compensation
2025-2026
2026-2027
Carrier:
Safety National Casualty 
Corporation
Safety National Casualty 
Corporation
Limits:
Coverage A – Workers 
Compensation: Statutory
Coverage B – Employers 
Liability: $5M/$5M/$5M
Coverage A – Workers 
Compensation: Statutory
Coverage B – Employers 
Liability: $5M/$5M/$5M
Retentions:
$2.5M – Presumptive Loss
$1.25M - All Other
$2.5M – Presumptive Loss
$1.5M - All Other
Premium:
$617,462.00 (Includes TRIA)
$594,554.00 (Includes TRIA)

Excess Workers Compensation 
2026-2027 Policy Changes/Comments:
•
Option to keep SIR All Other at $1.250M $643,340 Premium
•
3% increase in exposure
•
No notable changes to terms and/or conditions

International Package
2025-2026
2026-2027
Carrier:
Ace American Insurance Company
Ace American Insurance Company
Limits:
$1M Each Occurrence
$2M Products-Completed Operations 
Aggregate
$1M Employee Benefits Liability
$1M Contingent Auto Liability
$1M Executive Assistance Services
$1M Employers Liability
$250k AD&D
$10k Medical Expense
$1.5M AD&D Aggregate
$250k Corporate Kidnap and Extortion
$1M Each Occurrence
$2M Products-Completed Operations 
Aggregate
$1M Employee Benefits Liability
$1M Contingent Auto Liability
$1M Executive Assistance Services
$1M Employers Liability
$250k AD&D
$10k Medical Expense
$1.5M AD&D Aggregate
$250k Corporate Kidnap and Extortion
Retentions:
N/A
N/A
Premium:
$2,500
$2,500

International Package
2026-2027 Policy Changes/Comments:
•
Automatic Renewal
•
No notable changes to terms and/or conditions

Pollution
2025-2026
2026-2027
2026-2027
Carrier:
Ironshore Specialty 
Insurance Company
Ironshore Specialty 
Insurance Company
Starr Surplus Lines 
Insurance Company
Limits:
$5M Policy 
Aggregate Limit
$5M Remediation 
Expenses
$5M Policy Aggregate 
Limit
$5M Remediation 
Expenses
$5M Policy Aggregate 
Limit
$5M Site Pollution
Deductibles:
$100k Remediation 
Expenses 
$100k Remediation 
Expenses 
$100k SIR
Premium:
$40,805.97 
(Incl TRIA and SL Tax/Fee
$42,430.18
(Incl TRIA and SL Tax/Fee)
$21,291 
(Incl TRIA and SL Tax/Fee)

Pollution
2026-2027 Policy Changes/Comments:
•
Optional quote with Starr Surplus Lines Insurance Company

Cyber 
2025-2026
2026-2027
Carrier:
Houston Casualty Company
Houston Casualty Company
Limits:
$3M Policy Limit
$3M Multimedia Liability 
$3M Security & Privacy Liability 
Insurance
$3M Privacy Regulatory Defense 
and Penalties
$3M PCI DSS Liability
$250K Bodily Injury
$50K Property Damage
$50K TCPA Defense
$3M Cyber Extortion   
$3M Policy Limit
$3M Multimedia Liability 
$3M Security & Privacy Liability 
Insurance
$3M Privacy Regulatory Defense 
and Penalties
$3M PCI DSS Liability
$250K Bodily Injury
$50K Property Damage
$50K TCPA Defense
$3M Cyber Extortion

Cyber
2025-2026
2026-2027
Retentions:
$250K per Insuring Agreement
Brand Guard:
2 Weeks Waiting Period
12 Months Period of Indemnity
System Failure Non-Physical BI:
8 Hours Waiting Period
12 Months Period of Restoration
Dependent System Failure:
12 Hours Waiting Period
6 Months Period of Indemnity
$250K per Insuring Agreement
Brand Guard:
2 Weeks Waiting Period
12 Months Period of Indemnity
System Failure Non-Physical BI:
8 Hours Waiting Period
12 Months Period of Restoration
Dependent System Failure:
12 Hours Waiting Period
6 Months Period of Indemnity
Premium:
$112,402.44
(Incl. SL Tax/Fee and policy fee)
$112,402.44 
(Incl. SL Tax/Fee and policy fee)

Cyber
2026-2027 Policy Changes/Comments:
•
Flat renewal
•
Enhancements:
–
Breach Event Costs Outside the Limit Enhancement: $1,000,000 Outside the Limit
–
Cyber Extortion Amendatory: Pay on Behalf
–
Risk Management Consulting Expenses Sublimit: $2,500
–
Proof of Loss: 180 days
–
Deepfake Response Coverage:
•
Sublimit: $250,000 Each Claim/ $250,000 Aggregate
•
Deductible: To match selected option
•
Marketing was done and Houston Casualty Company (HCC/Tokio Marine) 
continues to be a strong fit for City of Tempe

Fiduciary
2025-2026
2026-2027
Carrier:
Hudson Insurance Company 
(Fiduciary Liability Insurance Program - 
FLIP)
Hudson Insurance Company 
(Fiduciary Liability Insurance Program - 
FLIP)
Limits:
$10M Aggregate Limit
$10M Settlor Coverage
$2M Trustee Claims 
Expense/Defense of Non-Fiduciary 
Claims
$500K Voluntary Compliance 
Program Expenditures
$250K Reinstatement of Voluntary 
Compliance Program Expenditures
$1.5M HIPAA and HITECH Fines and 
Penalties
$250K ERISA 502(c) Civil Penalties
$250K PPACA Fines and Penalties
$250K IRC Section 4975 Penalties
$10M Aggregate Limit
$10M Settlor Coverage
$2M Trustee Claims 
Expense/Defense of Non-Fiduciary 
Claims
$500K Voluntary Compliance 
Program Expenditures
$250K Reinstatement of Voluntary 
Compliance Program Expenditures
$1.5M HIPAA and HITECH Fines and 
Penalties
$250K ERISA 502(c) Civil Penalties
$250K PPACA Fines and Penalties
$250K IRC Section 4975 Penalties

Fiduciary
2025-2026
2026-2027
Retentions:
$25K Indemnifiable
$0      Non-Indemnifiable
$100K Each Claim for Class 
Action and Derivative 
Claims
$25K Indemnifiable
$0      Non-Indemnifiable
$100K Each Claim for Class 
Action and Derivative 
Claims
Premium:
$31,372
$Included TRIA
$   100 Waiver of Recourse
$31,472 Total
$32,258
$Included TRIA
$   100 Waiver of Recourse
$32,358 Total

Fiduciary Excess
2025-2026
2026-2027
Carrier:
RLI Insurance Company
RLI Insurance Company
Limits:
$5M excess of $10M 
Aggregate Limit
$5M excess of $10M 
Aggregate Limit
Retentions:
Not Applicable
Not Applicable
Premium:
$17,100 (Incl TRIA)
$17,400 (Incl TRIA)

Fiduciary and Fiduciary Excess 
2026-2027 Policy Changes/Comments:
•
Encore has updated their master policy form mainly with amendments, 
broadening or clarification in intent of coverage verbiage.
–
Notable highlight enhancements:
–
Expanded definition of “Administration”
–
Broadened definition of “Claim”
–
Enhancement of Claim - Regulatory Investigation
–
Claim Expenses broadened
–
Covered Penalties adds 203 budget act of 2013 and broadens 502(a)(3)
–
New Coverage enhancements on the endorsement:  Interview Coverage; Managed 
Care Coverage; and Disproven Allegations Protection.

Crime
2025-2026
2026-2027
Carrier:
National Union Fire Insurance 
Company of Pittsburgh, PA
National Union Fire Insurance 
Company of Pittsburgh, PA
Limits:
$2M Employee Theft- Per Loss
$2M Forgery or Altercation
$2M Inside Premises – Theft of 
Money & Securities
$2M Inside Premises-Robbery, 
Safe Burglary-Other Property
$2M Outside the Premises
$2M Computer Fraud
$2M Funds Transfer Fraud
$2M Money Orders and 
Counterfeit Paper Currency
$2M Employee Theft- Per Loss
$2M Forgery or Altercation
$2M Inside Premises – Theft of 
Money & Securities
$2M Inside Premises-Robbery, Safe 
Burglary-Other Property
$2M Outside the Premises
$2M Computer Fraud
$2M Funds Transfer Fraud
$2M Money Orders and Counterfeit 
Paper Currency
Deductible:
$25K Each Coverage
$25K Each Coverage
Premium:
$9,999.00
$9,999.00

Crime
2026-2027 Policy Changes/Comments:
•
No notable changes to terms and/or conditions

Inland Marine Dam & Mill Avenue Bridge
2025-2026
2026-2027
Carrier:
Chubb
Chubb
Limits:
$95,807,059 Policy Limit
$95,807,059 Earthquake
$25M Flood 
$95,807,059 Named 
Windstorm
$98,298,042 Policy Limit
$98,298,042 Earthquake
$25M Flood 
$98,298,042 Named 
Windstorm
Deductibles:
$250K Earthquake
$500K Flood 
$250K Named Windstorm
$250K Any Other Loss
$250K Earthquake
$500K Flood 
$250K Named Windstorm
$250K Any Other Loss
Premium:
$165,566.87 
(Incl. TRIA SL Tax/Fee)
$164,676.24 
(Incl. TRIA SL Tax/Fee)

Inland Marine Dam & Mill Avenue Bridge
2026-2027 Policy Changes/Comments:
•
5% Rate Reduction
•
2.6% in exposure
•
No notable changes to terms and/or conditions

General Liability Primary
2025-2026
2026-2027
Carrier:
Safety National Casualty 
Corporation
Safety National Casualty 
Corporation
Limits:
$5M/$5M General Liability
$5M/$5M Law Enforcement
$5M/$5M Public Officials Liability
$5M/$5M Employment Practices
$5M Auto Liability
$5M/$5M General Liability
$5M/$5M Law Enforcement
$5M/$5M Public Officials Liability
$5M/$5M Employment Practices
$5M Auto Liability
Retentions:
$2M General Liability, Public 
Officials & Employment Practices
$5M Law Enforcement & Auto 
Liability
$2M General Liability, Public 
Officials & Employment Practices
$5M Law Enforcement & Auto 
Liability
Premium:
$531,151 
(Including TRIA and SL Fees/Taxes)
$579,025
 (Including TRIA and SL Fees/Taxes)

General Liability Primary
2026-2027 Policy Changes/Comments:
•
Exposure change resulting in premium increase 6-7% 
•
3% rate increase (claims severity)
•
Safety National appreciates the pro-active measures in place to 
mitigate future claims
•
No notable changes to terms and/or conditions

Excess Liability
2025-2026 Current Structure: Excess Premium: $1,360,970
$5M x $5M x SIR (2
nd Layer) – Upland Specialty Insurance Company 
•
$7M General Liability
•
$7M Employee Benefits Liability
•
$7M Public Officials & Employment Practices Liability
•
$10M Auto Liability
•
$10M Law Enforcement Liability
•
$392,529                                                                                           
$5M x $10M x SIR (3
rd Layer) – Vantage Risk Specialty Insurance Company (Aurenity)
•
None-Underlying
•
$310,508
$5M x $15M x SIR (4
th Layer) – Obsidian Specialty Insurance Company
•
None-Underlying
•
$232,200
$5M x $20M x SIR (5
th Layer) – Arch Specialty Insurance Company
•
None-Underlying
•
$233,232
$5M x $25M x SIR (6
th Layer) – Great American Assurance Company
•
None-Underlying
•
$192,500

Excess Liability 
2026-2027 Proposed Structure: Excess Premium: $1,416,945
$5M x $5M x SIR (2
nd Layer) – Upland Specialty Insurance Company 
•
$7M General Liability
•
$7M Employee Benefits Liability
•
$7M Public Officials & Employment Practices Liability
•
$10M Auto Liability
•
$10M Law Enforcement Liability
•
$420,530                                                                                           
$5M x $10M x SIR (3
rd Layer) – Vantage Risk Specialty Insurance Company (Aurenity)
•
None-Underlying
•
$328,403
$5M x $15M x SIR (4
th Layer) – Obsidian Specialty Insurance Company
•
None-Underlying
•
$234,780
$5M x $20M x SIR (5
th Layer) – Arch Specialty Insurance Company
•
None-Underlying
•
$233,232
$5M x $25M x SIR (6
th Layer) – Great American Assurance Company
•
None-Underlying
•
$200,000

Excess Liability 
2026-2027 Policy Changes/Comments:
Upland (2nd Layer):
–
Upland’s premium is 7% increase over expiring: lower than the 9% premium increase in the intervening 
Primary (Lead) GL Safety National layer
–
Exposure increases up 6-7%
–
No notable changes in terms and/or conditions
Vantage (3rd Layer):
–
Vantage premium is +6% increase over expiring: lower than the 9% premium increase in the intervening 
Primary (Lead) GL Safety National layer and lower Upland (2nd Layer) 
–
No notable changes in terms and/or conditions
Obsidian (4th Layer):
–
Obsidian (via Metis) premium is 1% increase over expiring: lower than the 6% premium increase in the 
intervening Vantage layer, and lower than Upland and Safety National 
–
No notable changes in terms and/or conditions
Arch Premium (5th Layer):
–
Arch premium is flat renewal 
–
No notable changes in terms and/or conditions
Great American (6th Layer):
–
Great American premium is 4% increase over expiring
–
Rate change of -2.56% *based on good account 
–
No notable changes in terms and/or conditions
•
PRISM - Option Excess Liability Market

Excess Liability $5M x $5M x SIR (2nd Layer) 
2025-2026
2026-2027
Carrier:
Upland Specialty Insurance 
Company
Upland Specialty Insurance 
Company
Limits:
$7M General Liability
$7M Employee Benefits Liability
$7M Public Officials & 
Employment Practices Liability
$10M Auto Liability
$10M Law Enforcement Liability
$7M General Liability
$7M Employee Benefits Liability
$7M Public Officials & 
Employment Practices Liability
$10M Auto Liability
$10M Law Enforcement Liability
Retentions:
$2M General Liability, Public 
Officials & Employment Practices
$5M Law Enforcement & Auto 
Liability
$2M General Liability, Public 
Officials & Employment Practices
$5M Law Enforcement & Auto 
Liability
Premium:
$392,529 
(Including TRIA and SL Fees/Taxes)
$420,530 
(Including TRIA and SL Fees/Taxes)

Excess Liability $5M x $10M x SIR (3rd Layer) 
2025-2026
2026-2027
Carrier:
Vantage Risk Specialty 
Insurance Company (Aurenity)
Vantage Risk Specialty 
Insurance Company (Aurenity)
Limits:
$5M Each Occurrence
$5M Aggregate
$5M Each Occurrence
$5M Aggregate
Retentions:
None-Underlying
None-Underlying
Premium:
$310,508
(Including TRIA and SL Fees/Taxes)
$328,403 
(Including TRIA and SL Fees/Taxes)

Excess Liability $5M x $15M x SIR (4th Layer) 
2025-2026
2026-2027
Carrier:
Obsidian Specialty Insurance 
Company
Obsidian Specialty Insurance 
Company
Limits:
$5M Each Occurrence
$5M Aggregate
$5M Each Occurrence
$5M Aggregate
Retentions:
None-Underlying
None-Underlying
Premium:
$232,200 
(Including TRIA and SL Fees/Taxes)
$234,780 
(Including TRIA and SL Fees/Taxes)

Excess Liability $5M x $20M x SIR (5th Layer) 
2025-2026
2026-2027
Carrier:
Arch Insurance Company
Arch Insurance Company
Limits:
$5M Each Occurrence
$5M Aggregate
$5M Each Occurrence
$5M Aggregate
Retentions:
None-Underlying
None-Underlying
Premium:
$233,232 
(Including TRIA and SL Fees/Taxes)
$233,232 
(Including TRIA and SL Fees/Taxes)

Excess Liability $5M x $25M x SIR (6th Layer) 
2025-2026
2026-2027
Carrier:
Great American Assurance 
Company
Great American Assurance 
Company
Limits:
$5M Each Occurrence
$5M Aggregate
$5M Each Occurrence
$5M Aggregate
Retentions:
None-Underlying
None-Underlying
Premium:
$192,500 
(Including TRIA and SL Fees/Taxes)
$200,000 
(Including TRIA and SL Fees/Taxes)

Aviation/Drone
2025-2026
2026-2027
Carrier: 
Global Aerospace
Global Aerospace
Limits:
$2M Bodily Injury and Property 
Damage Limit Each Occurrence 
Limit
$2M Aviation Personal and 
Advertising Injury Liability
$5K Medical Services Limit
$100K Fire Legal Liability
Hull Value as per Schedule of 
Aircrafts
$2M Bodily Injury and Property 
Damage Limit Each Occurrence 
Limit
$2M Aviation Personal and 
Advertising Injury Liability
$5K Medical Services Limit
$100K Fire Legal Liability
Hull Value as per Schedule of 
Aircrafts
Retentions:
10% In Motion
10% Not In Motion
10% In Motion
10% Not In Motion
Premium:
$9,974 (Includes TRIA)
$25,595 (Includes TRIA)

Aviation/Drone
2026-2027 Policy Changes/Comments:
•
25-26 Drone Count: 12
•
26-27 Drone Count: 28
•
No notable changes to terms and/or conditions

Alliant Deadly Weapon Program
2026-2027
Carrier:
Underwriters at Lloyd’s of London
Limits:
$500,000 Each and Every Deadly Weapon 
Event including Claim Expenses 
 
$500,000 Annual Aggregate
Retentions:
$0 Each and Every Deadly Weapon Event 
including Claims Expenses
Premium:
$7,224 (Incl. SL Tax and Fee)