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Indian CountyBoard of County <br />Commissioners ~^ <br />Executive Summary <br />Public Entity Excess Liability <br />Brit has offered arenewal premium c*%153280which ia a $7,300 increase from expiring. The increase <br />mdue ooanincrease /nvehicle count and net operating expenditure. All terms and conditions per <br />expiring except Brit did offer a rate agreement for 2019 subject to the following terms: <br />RATE AGREEMENT AND COMMITMENT FOR 2019RENEWAL –INDIAN RIVER CQUNTYBOCC <br />In return for the commitment of Indian River County BOCC to renew with Brit Global Specialty USA for <br />their May 1, 2019 renewal, we will give our agreement to use a flat rate for the May 1, 2019 renewal <br />premium. This agreement issubject tothe following conditions: <br />° Asofsixty days prior to the renewal date of May 1, 2019, the incurred losses (including ALAE) to <br />Brit Global Specialty USA's 2018 Package policy is less than or equal to 50% of the 2018 policy <br />year's gross premium. <br />• Asofsixty days phortothermnmwa|dadaofK0ay1.2019.theannua|ovonageinnumad|oamen <br />(including ALAE) yothe ]O14'3O17policies ioless than orequal to50%ofthe 2O18policy year's <br />gross premium. <br />° Brit Global Specialty USA deem there iynomaterial change inthe h ico|ond/ormona|hozardo <br />of the Assured which significantly increases loss potential during this annual policy term or during <br />the renewal term beginning May 1`201A. <br />• Brit Global Specialty USA deem there isnomaterial change tothe terms and conditions, limits, <br />deduct\b\oa.orpo|icy|anQuageduringthisannua|po}|uytennorneqoastedharorduhngthe <br />renewal term beginning May 1,2W18. <br />° A renewal statement of accurate exposures is provided to us no later than 30 days prior to the <br />May 1.2OiQannual policy term. <br />Brit will continue to offer loss control funds, this is a cost sharing arrangement and they will reimburse you <br />50Y6ofthe total cost upto$3.00O. The services have hubepre-approved inorder for the County to <br />receive arefund. <br />Asdiscussed during the pre -renewal the County consider signing upfor the TEAM Platform which offers <br />safety and HRtnaininQufor your employees. <br />Last year Brit sent out TPA guidelines to address how they expect Johns Eastern to manage and <br />communicate claims. This year they are requiring all TPA'otosign the guidelines and return 3Odays <br />from binding. <br />Excess Workers Compensation <br />The Excess Workers Compensation market continues tobolimited inFlorida for entities that have Police <br />and/or Fire exposures which are subject to presumption|awu. Asoresult many entities our forced totake <br />spit retentions with Police/Fire retentions of875O.0OOho51million. |n2O16.wewere successful in <br />negotiating $65O.OUOretention for all classifications except $1million for USL&Hand Jones Act. <br />!n201Gwenegotiated onyour behalf aflat rate with Safety aswell eoorate agreement for 2U17and <br />2018. This year we approached Safety to extend the current rate agreement to 2019. |norder to <br />accomplish this request they will need toissue anendorsement hothe current policy reflecting oneffective <br />date cfMay 1.2O18. They can only issue orate agreement upbothree years under one policy. <br />VVorecommend the County accept the option tnextend the rate agreement for the 2O19renewal. The <br />conditions of the rate agreement are attached to the proposal in the appendix. <br />—178 <br />8 <br />