The City of Charlottetown is changing its insurance provider, and expects to save hundreds of thousands of dollars.
At last night`s council meeting they voted to accept the proposal from JLT insurance, and the new deal is expected to save the city close to $330,000.
It’s been a few years since the council has even looked at pricing other options. Coun. Melissa Hilton made this her first priority when she became chair of the finance committee this year.
“For the last number of years since I’ve been on council, since 2005, we`ve used the exact same insurance company and never gone out to tender,” said Hilton.
“I thought it was time that we actually see if we are getting the best bang for our buck.”
Hilton said the coverage from JLT is very similar to what the city got from its previous insurance company.
The city’s chief administrative officer will meet with the company soon to work out the details.