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Property and Workers' Compensation Insurance Program <br />December 5, 2014 <br />Page 2 <br />The insurance companies being recommended are very sound financially and have an excellent claims <br />payment history. Federal Insurance is rated A++, XV (Superior) by A.M. Best, a recognized insurance <br />company rating service. Safety National Casualty Corp. is rated A, IX (Excellent). <br />RECOMMENDATION: <br />It is recommended the Village purchase property and excess workers compensation insurance from <br />Arthur J. Gallagher and Co. with premiums and broker's fees not to exceed $204,505. <br />David O. Erb <br />Finance Director <br />DOE/ <br />Attachments <br />I:\Insurance\Renewals\2015\2015 Renewal - Property and WC.docx <br />