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INSURANCE PROGRAM FISCAL YEAR 1992193 <br />Risk Manager Beth Jordan made the following presentation: <br />TO: James Chandler, County Administrator <br />TERII: Jack Price, Personnel Directorqge--e---,� <br />FROM: Beth Jordan, Risk Manager <br />DATE: 16 September 1992 <br />- SUBJECT: Insurance Program; 1992-93 <br />As part of the Risk Management program, the Board authorized Waters <br />Risk Management Consultants to issue a request for proposals (RFP) <br />for the County's property and casualty insurance coverages for <br />1992-93. Over 35 bidders, both agents and brokers, were issued the <br />RFP, and 18 responded. Those responses have been thoroughly <br />reviewed by the Risk Manager and Al Waters, consultant, whose <br />recommendation follows. <br />For 1992-93, the program will remain essentially the same as the <br />previous three years, with the exception that most property <br />coverage, including real and personal property, inland marine, <br />heavy equipment and flood coverages, will be placed with Affiliated <br />Insurance through Schwab & Company, Miami. The majority of this <br />coverage is currently carried by the Florida League of Cities with <br />Schlitt Services writing two lines. Liability coverages will <br />remain with the Florida League of Cities and third party claims <br />administration will remain with Insurance Servicing & Adjusting <br />Company. <br />This proposed program continues the same or increased commercial <br />insurance coverages at a cost of $256,493 which, through the <br />County's loss history, market changes and competitive bidding, will <br />result in premium savings of approximately $135,000. - <br />Ms. Jordon then introduced Al Waters who made the following <br />presentation with one change: the deductible on key buildings will <br />be $2,500 with the exception of buildings east of the intercoastal <br />waterway, which will be subject to $200,000 deductible. <br />47 <br />L- SSP 22 1992 <br />