9/6/1978 - Laserfiche WebLink

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SCHMUCKER AGREED THAT WE SHOULD PROCEED; AND COMMISSIONER DEESON CONCURRED THAT THE CHAIRMAN SHOULD CONTINUE NEGOTIATING WITH OFFICIALS OF MID FLORIDA. THE BOARD AGREED THAT THE CHAIRMAN SHOULD CONTINUE TO NEGOTIATE WITH ALL THE OFFICIALS INVOLVED AND THAT THE MATTER SHOULD BE RESEARCHED WITH FARMERS HOME ADMINISTRATION. COMMISSIONER SIEBERT LEFT THE MEETING AT 11:20 O'CLOCK A. M. HAMILTON ARDEN OF ARDEN INSURANCE SERVICES CAME BEFORE THE BOARD TO DISCUSS RENEWAL OF WORKMEN'S COMPENSATION INSURANCE. HE STATED, IN REGARD TO THE FIGURES HE PRESENTED, THAT NO MATTER HOW YOU PLAY WITH DISCOUNTS, ETC., THERE SIMPLY IS AN S% SURCHARGE FOR BEING IN THE PLAN. HE ALSO PRESENTED TO THE BOARD A CRITIQUE ON THE ADVANTAGES AND PIT -FALLS INVOLVED IN SELF-INSURANCE. MR. ARDEN EXPLAINED THAT AN INSURANCE COMPANY HAS TO GO THROUGH A CERTAIN FORMULA TO ARRIVE AT RATES, AND IT TAKES THREE YEARS TO GO THROUGH THE FORMULAS, HE NOTED THAT THE COUNTY DID HAVE A BAD YEAR AND ALSO RESISTED THE IN-HOUSE SAFETY PROGRAM WHICH HAS RESULTED IN THE RATES PRESENTED. MR. ARDEN EXPLAINED THAT COUNTIES IN GENERAL ARE NOT A DESIRABLE CLASS BECAUSE THEY HAVE A NUMBER OF CLASSIFICATIONS WHICH CAN PROMPT SEVERE CLAIMS. DISCUSSION FOLLOWED ON THE PROS AND CONS OF HAVING A SAFETY DIRECTOR AND WHETHER THE COST WOULD JUSTIFY THE RESULTS, MR. ARDEN POINTED OUT THAT SELF -INSURERS EXPERIENCE THE SAME THINGS THAT INSURANCE COMPANIES DO, AND POINTED OUT THAT THE COUNTY IS CONTEMPLATING GOING INTO A FUND THAT IS NON-EXISTENT. HE FELT THAT THE FIRM WHO IS GOING TO HANDLE THE FUND HAS AN EXCELLENT REPUTATION, BUT THE FUND ITSELF HAS NO TRACK RECORD. FINANCE OFFICER BARTON NOTED THAT THIS IS THE SECOND YEAR WE WILL BE IN THE ASSIGNED RISK CATEGORY AND ASKED IF WE DID HIRE A SAFETY DIRECTOR AND THE EXPERIENCE LEVELED OFF, IS THERE A POINT IN TIME WHEN WE WOULD COME OUT OF THE ASSIGNED RISK. MR. ARDEN STATED THAT THERE IS. 37 SES 6 178