Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing Payment To The Standard Fire Insurance Company For A Property Damage Claim In The Amount Of $29,985.68.
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The attached Resolution seeks City Commission approval to pay Standard Fire Insurance Company, commonly known as Travelers.
On April 20, 2016, Yves Des Marais (the “Claimant”) was involved in an automobile accident with Officer Karen LaFrance. The automobile insurance carrier representing the Claimant is The Standard Fire Insurance Company commonly known as Travelers.
The Claimant litigated a loss of use and diminishment in value claim against the City which was settled pursuant to City Code §41.05(B)(1) in the amount of $15,000.00.
Travelers has demanded reimbursement for the cost repairing the Claimant’s 2015 Tesla Model S in the amount of $36,292.14 and rental costs of $1,189.96.
The City has determined that Officer LaFrance was 80% at fault for the accident. Based on this percentage, the City requests authorization to offer Travelers $29,985.68 to settle the property damage portion of this accident,
The settlement recommendation from the City’s third party administrator for liability claims, Relation Insurance Services, is attached as Exhibit 1 and the demand from Travelers is attached as Exhibit 2.
Funding for the settlement has been identified and will available in the Fiscal Year 2019 budget in account number 558.112006.51900.591930.000000.000.000.
Recommended for inclusion on the agenda by:
Peter Junker, Risk Manager
Tammie L. Hechler, Director of Human Resources
George R. Keller Jr., Assistant City Manager for Public Safety