HomeMy WebLinkAboutPR 22786: ACCEPTANCE OF OVERPYMENT IN THE AMOUNT OF $58,194.54 FROM USI SOUTHWEST FOR WINDSTORM INSURANCE (5TH LAYER) ill iI,,,,
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4 Energy City of — ctr.
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Texas
INTEROFFICE MEMORANDUM
Office of Safety & Risk Management
Date: October 28, 2022
To: Ronald Burton, City Manager
From: Trameka A. Williams, Director of Human Resou
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RE: A Resolution Authorizing Acceptance of an Overpayment in the amount of$58,194.54 from
USI Southwest for Windstorm Insurance (5th Layer)
Nature of the request: The City of Port Arthur purchases windstorm insurance through
USI Southwest in a multitude of layers to provide adequate coverage for the facilities throughout
the city. The fifth layer of windstorm insurance premiums for the 2022-2023 year were
submitted to USI Southwest in the amount of$188,115.83. The insurance provider invoiced the
City of Port Arthur in excess of$58,194.54 which caused an overpayment in premiums on the 5th
layer of windstorm insurance.
Staff Analysis, Considerations: As a result of an overpayment on the policy for the 5th layer
of windstorm insurance, USI Southwest has issued a check for the overpayment in the amount of
$58,194.54 to the City of Port Arthur.
Recommendation: I recommend approval of Proposed Resolution No. 22786 authorizing the
acceptance of an overpayment in the amount of$58,194.54 from USI Southwest for the 5th layer
of windstorm insurance.
Budget Considerations: The funds received will be deposited in the Insurance Account
#612.11.025.5410.00.00.000.
"Remember we are here to serve the Citizens of Port Arthur"
P.R. No. 22786
10/28/22 TAW
RESOLUTION NO.
A RESOLUTION AUTHORIZING ACCEPTANCE OF AN OVERPAYMENT IN THE
AMOUNT OF $58,194.54 FROM USI SOUTHWEST FOR WINDSTORM INSURANCE
(5TH LAYER)
WHEREAS, the City purchases windstorm insurance through USI Southwest
in a multitude of layers to provide adequate coverage for the facilities throughout
the city; and,
WHEREAS, the windstorm insurance provider invoiced the City in excess of
$58,194.54 causing an overpayment; and,
WHEREAS, as a result of an overpayment on the policy for the 5th layer of
windstorm insurance, USI Southwest has issued a check for the overpayment in
the amount of $58,194.54 to the City of Port Arthur.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT ARTHUR, TEXAS:
Section 1. That, the facts and opinions in the preamble are true and correct.
Section 2. That, the City Manager is hereby authorized to accept an
overpayment in the amount of $58,194.54 from USI Southwest for the 5th layer of
windstorm insurance coverage.
Section 3. That, a copy of this Resolution be spread upon the minutes of the
City Council.
P.R. No. 22786
10/28/22 TAW
READ, ADOPTED, AND APPROVED this day of , AD, 2022, at a
Meeting of the City Council of the City of Port Arthur, Texas, by the
following vote: AYES: Mayor
Councilemembers
NOES:
Thurman "Bill" Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
Val Tizen , City Attorney
APPROVED FOR ADMINISTRATION:
Ronald Burton, City Manager
USI Southwest Inc . , El Paso
PO Box 61187 * Virginia Beach, VA 23466
INVOICE
The City of Port Arthur Invoice Date 07/06/22
444 Fourth Street Invoice No. 4226278
Port Arthur, TX 77640 Bill-To Code PORTART2
Client Code PORTART2
Inv Order No. 3 5 3*6 816 6 21
Named Insured: The City of Port Arthur
Amount Remitted: $
Pay via Credit Card or EFT Draft: usi.com/paymybill
Make checks payable to: USI Southwest Inc . , El Paso
Effective Date Policy Period Coverage Description Transaction Amount
05/01/22 05/01/22 Endurance American Specialty Ins Co
to Policy No. ESP30000650504
05/01/23 *Renewal - Windstorm 178 , 536 . 00
Broker Fee - Windstorm 750 . 00
Surplus Line Tax - Windstorm 8 , 695 . 37
Stamping Fee - Windstorm 134 . 46
5th Layer - 2022
Wind/Hail/Flood Policy
Invoice Number: 4226278 Amount Due : 188 , 115 . 83
*Premiums Due and Payable on Effective Date
FRAUD PREVENTION NOTICE: USI will never provide unsolicited payment instructions.You should only change payment instructions if confirmed by calling
your USI Account Mana er or contacting your local USI office
LXLHG Page : 1 ORIGINAL INVOICE
USI Southwest Inc . , El Paso
PO Box 61187 * Virginia Beach, VA 23466
INVOICE
The City of Port Arthur Invoice Date 09/01/22
444 Fourth Street Invoice No. 4296755
Port Arthur, TX 77640 Bill-To Code PORTART2
Client Code PORTART2
Inv Order No. 353*6892642
Named Insured: The City of Port Arthur
Amount Remitted: $
Pay via Credit Card or EFT Draft: usi.com/paymybill
Make checks payable to: USI Southwest Inc . , El Paso
Effective Date Policy Period Coverage Description Transaction Amount
05/01/22 05/01/22 Endurance American Specialty Ins Co
to Policy No. ESP30000650504
05/01/23 *Renewal - Windstorm 123 , 073 . 00
Broker Fee - Windstorm 750 . 00
Surplus Line Tax - Windstorm 6, 005 .42
Stamping Fee - Windstorm 92 . 87
CORRECTED 5th Layer - 2022
Wind/Hail/Flood Policy
Invoice Number: 4296755 Amount Due: 129, 921 .29
*Premiums Due and Payable on Effective Date
FRAUD PREVENTION NOTICE:USI will never provide unsolicited payment instructions.You should only change payment instructions if confirmed by calling
your USI Account Mana er or contacting your local USI office.
LXLHG Page: 1 ORIGINAL INVOICE