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<br />Indian River County BOCC
<br />In contrast, below please find the same report for the 2015 renewal:
<br />I
<br />0.10%
<br />c020°�
<br />9,000
<br />$81.503,700576,450,431
<br />�$58.464,980
<br />576.450,431
<br />�S53,446,377
<br />573,662,617695221052
<br />z
<br />5_68,606,5_98
<br />=550,173,242
<br />500
<br />553,446,371
<br />555,525,565
<br />551,641,602
<br />0.40%
<br />250
<br />539,876,331
<br />$34,866,668
<br />$34;866,668
<br />$39,217,151
<br />$36,029,708
<br />$34,925,640
<br />11.00%
<br />8122.00%
<br />~< 100
<br />$19,735,903
<br />514,732,497
<br />514,732.497
<br />S21,0411344
<br />$18,635,477517,597,059
<br />-
<br />.Y 50
<br />$10,869,946
<br />S6,587,359
<br />$5,887,960
<br />S10,534,676
<br />$8,752,259
<br />S_7,852.447
<br />5.00%
<br />20
<br />$4,071,480
<br />52,399,705
<br />$2,127,442
<br />52.267,542
<br />$1.113,421
<br />S508,597
<br />AAL
<br />$977,1371
<br />$733,9751
<br />$706,222
<br />$803.8921
<br />$660.819
<br />$610,065
<br />Fiqure 1.1
<br />As you can see, the RMS Gross Loss Ground Up was $39,217,151 for the 2015-2016 program while the
<br />2016 model reflects $34,333,563.
<br />Optional Quote -$5M & $10M Excess $35M Named Storm.
<br />We received two quotes for the County to increase their Named Storm limits.
<br />To purchase an additional $5M in Named Storm limits, the additional premium is $30,000.
<br />To purchase yet an additional $51VI excess of $40M Named Storm limits, the additional
<br />premium is $27,500.
<br />Casualty Package
<br />BRIT is the current carrier for excess General Liability, Auto Liability, Public Officials
<br />Miscellaneous Liability, Employee Benefits Liability and Law Enforcement Activities. The
<br />General Liability coverage also includes EMS operations as well, which has a $25,000 self-insured
<br />retention.
<br />We discussed during the pre -renewal meeting that we would ask for a premium reduction, but if the
<br />premium remained flat that this program would still be competitive.
<br />We have negotiated the renewal with terms exactly as the expiring program. The renewal
<br />premium is $146,000 which is a $4,000 reduction in cost compared to the expiring policy
<br />premium of $150,000, which equates to a 2.7% premium reduction.
<br />In addition, we have negotiated a two-year rate guarantee for the Package Policy. On the
<br />following page, please find the terms of securing a two-year rate guarantee:
<br />Page 5 182
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