title
Authorization to purchase casualty and professional liability insurance coverages.
presenter
Presenter: Mary Howard, Chief Administrative & Resident Services Officer
end
Recommendation
The Chief Executive Officer (“CEO”) of the Chicago Housing Authority (“CHA”) recommends that the CHA Board of Commissioners (“Board”) authorize the purchase of casualty and professional liability insurance coverages for CHA’s auto and physical damage, crime, cyber, employed lawyers professional, fiduciary, general, public officials and employment practices. The combined premiums are for an aggregate not-to-exceed amount of $824,185 and cover a one-year policy term of October 1, 2026, through September 30, 2027.
The requested action complies in all material respects with all applicable federal, state, and local laws, and CHA policies. CHA staff has completed all necessary due diligence to support the submission of this initiative.
Funding
MTW Funds
Background
CHA renews its insurance coverages for casualty and professional liability lines of coverages annually. In determining the need for insurance coverage, CHA evaluated its existing casualty and professional liability insurance coverages and the cost effectiveness of renewal coverage options. With authorization from HUD, CHA utilizes its insurance broker of record to competitively market, solicit and bind coverage for CHA.
CHA utilized Arthur J. Gallagher to provide brokerage and insurance consulting services. At this time CHA would like to authorize Arthur J. Gallagher to bind the recommended coverage for the 2026-2027 renewal of casualty and professional liability insurance.
Respectfully Submitted:
______________________
Keith Pettigrew
Chief Executive Officer