QUEENSBURY Cool Insuring was chosen by the Warren County Board of Supervisors to handle the countys property and casualty insurance, despite the fact that it was not the lowest bidder.
Kevin Geraghty, chairman of the county insurance committee, said the presentation by Cool Insuring was by far the best of all the presentations that were made.
Other supervisors questioned the choice at first, since Cool was the fifth highest bidder, with an annual fee of $40,000.
If you had been at the presentation, you wouldnt be asking any questions, Geraghty said. We didnt have any questions after their presentation, but we did after the other presentations. Cool came in $13,500 higher than the lowest bidder
Cool said it would forgo its $40,000 fee the first year of the three-year contract if it couldnt lower the countys premium on property and casualty insurance by $100,000. None of the other bidders could make such a claim.
After answering all the other supervisors questions, the board unanimously supported a resolution naming the insurance carrier. Only Hague Supervisor Daniel Belden was not present for the vote.
TD Banknorth Insurance Agency, of South Glens Falls, which is the current insurance provider, is currently charging $15,000 annual fee. Their bid this year came in at $48,000.
The lowest bidder was Latremore's Insurance Agency, of Plattsburgh, submitting a proposal with an annual fee of $26,750.
Other bidders were Hilb Rogal & Hobbs of Upstate New York, in Rochester, $27,000; Bailey, Haskell & Lalonde, of North Syracuse, $30,000; Rose & Kiernan, of Glens Falls, $34,450; Arthur J. Gallagher & Co. of New York in White Plains, $35,000; Marshall & Sterling Upstate of Saratoga Springs, $49,000; Marsh USA of Syracuse, $50,000; and Adirondack Trust Insurance Agency of Saratoga Springs, $50,000.
Geraghty said that the committee chose Cool for several reasons, including its exceptional municipal expertise, its understanding of municipal budgets, its nursing home expertise and the fact that the company is local and easily accessible.