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  5. ›Property and Casualty Insurance 2026 RFP

City of Terre Haute·Indiana

Property and Casualty Insurance 2026 RFP

Rolling / TBD close$40k – $100kRequest for Proposal
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Description

The City of Terre Haute is seeking a qualified insurance broker to act as the broker‑of‑record for its municipal Property & Casualty program for the 2026‑27 policy term. The broker must provide full‑service brokerage, market the program to admitted and non‑admitted carriers, negotiate renewals, manage certificates, advocate on claims, and deliver risk‑management consulting and annual stewardship reporting. The incumbent broker may also submit. Proposals must detail qualifications, experience with comparable public‑sector clients, a service plan, and a transparent compensation structure.

Attached files

Contact

Robin A. Drummy(Administrator)

[email protected]

Key dates

Opened
10/16/2026
Questions due
11/16/2026
Closes
Rolling / TBD
Projected award
1/11/2027
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210

Budget estimate

$40,000 – $100,000

The City’s current premium is $899,224. Typical broker commissions for municipal P&C programs range from 5% to 10% of the premium, plus any flat service fees. Assuming a 5‑10% commission, the annual revenue to the winning broker would be roughly $45,000 to $90,000. If the broker also negotiates renewal marketing at no extra charge, the total earnings would stay within this range. Therefore, a reasonable budget estimate is $40k‑$100k for the one‑year contract.

AI estimate from the solicitation

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