Metra Mess: insurance policy now under the microscope

SHARE Metra Mess: insurance policy now under the microscope

Metra officials are exploring whether the agency can tap a $10 million insurance policy to cover any of the cost of ex-CEO Alex Clifford’s $871,000 farewell handshake — or the additional $340,000 tab for “damage control.”

Metra Board members have said they were upset to discover as part of an RTA audit that a $10 million employment practices liability insurance policy with a mere $150,000 deductible might have been used to cover a threatened Clifford whistleblower suit or costs surrounding Clifford’s June 21 farewell handshake.

RTA audit chief Michael Zumach on Wednesday put the cost of the 26-month deal to buy Clifford out of his CEO contract eight months early at a maximum $871,000 — up solidly from the $718,000 provided previously by Metra.

In addition, a legal “forensic analysis” by RTA board member William Coulson put the cost to Metra — and taxpayers — of outside attorneys, special “crisis management” media consultants and other “damage control” at an additional $340,000.

Exactly what does Metra’s policy with Illinois National Insurance Company say? Below, read the policy and Clifford’s separation agreement:

Metra Insurance Policy

Clifford Separation Agreement

The Latest
The company, known for its ice cream stores and milk packaged in glass bottles, had recently filed for Chapter 11 bankruptcy.
The center will be open Wednesday from 3 p.m. to 7 p.m. at Richard J. Daley Academy, 5024 S. Wolcott Ave.
Streaming drama illustrates the victim’s anguish but also tries to explain the origins of her attackers’ violent ways.
Brumby and Willum, two 2-year-old koalas, will make their debut at Brookfield Zoo, starting Memorial Day weekend. The zoo is one of 11 accredited facilities in North America to host the marsupials.
MLB
Among the last survivors from the celebrated Brooklyn teams of the 1950s, Erskine spent his entire major league career with the Dodgers from 1948-59, helping them win five National League pennants. He threw a no-hitter against the Cubs in 1952.