Chicago extends coverage to add protection for NATO summit
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CHICAGO—From the city's perspective on the upcoming NATO Summit, considerable time has been spent making sure the proper insurance coverage is in place, said James Raussen, managing deputy comptroller.
“When you put your arms around something like this, the first thing you do is you look at previous cities that have done something like this,” Mr. Raussen said. “One of the key things we have to do in an event like this is naming the additional insureds.”
For example, the NATO Summit host committee and police personnel coming in from other jurisdictions to assist Chicago police will be named additional insureds on Chicago policies, he said.
In addition, “The various vehicles that are involved—some of those coverages don't exist normally, we self-insure. So for this event, we place additional coverage on some of those vehicles,” Mr. Raussen said.
Limits on relevant coverage will be increased for a few days before the summit until a few days after, he said.
“It's been more than a monthlong process to make sure that we've got all the interested parties involved and know what the exposures are and make sure we've got all of the listings of all the additional insureds,” Mr. Raussen said.
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