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penalties due to a security breach and non-compliance with the Payment Card Industry Data <br />Security Standard. <br />Hull and Protection & Indemnity: While values increased, premium increased 0.14% to <br />$7,808.00. <br />Funding <br />Funding for insurance coverage is provided by the Self Insurance Fund, Other Insurance account <br />(acct. number 50224613-034590). The Self Insurance Fund is an internal service fund that <br />allocates charges to the County's user funds. The current year budget includes funding in the <br />amount of $2,484,360.00 for excess insurance premiums. <br />Recommendation <br />Staff recommends that the Board approve the renewal and authorize staff to bind coverage for <br />May 1, 2018 through April 30, 2019 with a current annual premium of $1,849,530.00 based upon <br />the current schedule of values and coverage selections and approve the broker annual fee of <br />$175,000.00. <br />Approved for Agenda <br />April 17, 2018 <br />171 <br />