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HomeMy WebLinkAboutMemo - Office of the City AttorneyCITY OF MIAMI OFFICE OF THE CITY ATTORNEY MEMORANDUM TO: FROM: The Honorable Mayor and Members of the City Commission Julie O. Brity Attorney}. 4 DATE: May 11, 2012 RE: Proposed Settlement for City Commission Meeting — May 24, 2012 Madison National Life Insurance Co. adv. City of Miami Case No. 12-21104-CIV-MORENO File No. 12-00561 The attached proposed Resolution seeks authorization settle the lawsuit brought by the City of Miami against Madison National life Insurance Company ("Madison") by a payment to the City of Miami in the amount of S100,000.00 and for the City Manager to execute a Release of claims of the City against Madison. The City brought suit against Madison relating to the failure to pay certain medical stop loss insurance claims submitted during the 2006, 2007 and 2008 policy years. The Department of Risk Management actively participated in the negotiation of these claims and the settlement is supported by the Director of Risk Management. . cc: Johnny Martinez, P.E., City Manager Elvi Gallastegui, Agenda Coordinator Attachment(s) 314978