Contract Summary

This is an Engagement Letter Amendment #1 between the Board of Regents of the University of Nebraska and Aon Risk Services Central, Inc. (also known as Commercial Risk Solutions U.S.), effective July 1, 2021. The amendment modifies the original Engagement Letter dated September 30, 2019, and was executed on September 15, 2021.

The amendment updates the annual fee structure for insurance brokerage and risk advisory services. The 2021 fee is set at $259,130, reflecting the addition of new programs effective July 1, 2021. The fee structure includes an annual renewal provision with a 3% increase. The services cover seven fee-based programs: Educators Legal Liability, Excess Liability, Aircraft Hull & Liability, Physicians Professional Liability, Property, Fine Arts, and Terrorism insurance coverage. All other terms and conditions of the original agreement remain unchanged. The contract was signed by Raymond Longo, Resident Managing Director for Aon Risk Services Central, Inc., and Chris Kabourek, Vice President for Business and Finance for the University of Nebraska.