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04/06/2013AP
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04/06/2013AP
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Last modified
6/26/2018 1:21:18 PM
Creation date
3/23/2016 8:57:04 AM
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Template:
Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/16/2013
Meeting Body
Board of County Commissioners
Book and Page
161
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FilePath
H:\Indian River\Network Files\SL00000E\S0004N5.tif
SmeadsoftID
14210
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Arthur J. Gallagher Risk Management Services <br /> VI: Property Markets Approached & Responses <br /> Market Review <br /> We approached the following carriers in an effort to provide the most comprehensive and cost effective insurance program. <br /> CARRIER LINE OF • POSITION <br /> Package Program: <br /> Quoted <br /> Florida Municipal Insurance Trust Package <br /> Lloyds of London(Brit) Package Quoted <br /> . . ......................................... . ............................................................................... <br /> ............... ................ <br /> .�. ..._... _.._. ...... ......_. <br /> .Package e Quoted <br /> Safety National <br /> Munich Re Package Quote1.d <br /> _.. <br /> ... ....._.. .... .........._ .. . <br /> 'Package Markel ;Declined only writing pools <br /> . ................................._..9._. <br /> Ace Packa a Declined as they reinsure FMIT and <br /> unable to quote. <br /> �� <br /> Travelers ;Package Declined as TPA not approved <br /> ...... ................................. ........ _.. _ .... <br /> AI <br /> Package Declined as unable to write WC <br /> .................................._............_....................................._..................._._._...._................ <br /> W R Berkley Package I Declined as they reinsure FMIT and <br /> unable to quote. <br /> Excess Workers Compensation: <br /> Florida Municipal Insurance Trust Excess WC Quoted <br /> ..................................-.......................... ................ <br /> _. v <br /> Arch ;Excess WC Quoted <br /> Safety National Excess WC Quoted$249,974 for$750K SIR&$1M <br /> police&Fire—not competitive. Also <br /> quoted$1 M SIR for$84,588. <br /> ......................................................................................................................................................,_........................_....._.. <br />............................... <br /> ..................................................................._..................... <br /> Midman (NY Marine) Excess WC Quoted$301,905 with SIR of$750K <br /> and$1.5M Police&Fire—not <br /> i competitive <br /> Midwest Employers Excess WC Indication only: Premium between <br /> $350K-$375K with SIR of$1.25M- <br /> i$1.5M. Not competitive. <br /> : <br /> .........................................................._........................ ........_........................................,........................_.............................. <br />_................._............................................................__. <br /> ........................................................._................................................._........................_................,. d buffer Lloyds <br />of London(Brit) Excess WC +Provided a u er layer if needed. <br /> Liberty Excess WC Declined. No longer a WC market <br /> ................... ._.. .... ....... .. ..... <br /> Excess WC Declined TPA not approved. <br /> Travelers . .. . . ..__._ . ._ ._......_._.... <br /> Excess WC g p <br /> Declined—only writing pools. <br /> Markel <br /> Ace _ Excess WC Quoted$259,975 for$1.5M SIR. Not <br /> competitive. <br /> .............. _........ <br /> __._..._. ........ ......... ............ _ ............... <br /> Property Program: <br /> Lexington Insurance Company& Property-PRIMARY$10,000,000 Quoted <br /> Liberty Surplus &Lloyds of London <br /> ..... <br /> _... .... <br /> 21 <br /> Proposal for Indian River County BOCC 0 <br />
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