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Indian River County Board of County Commissioners
<br />SogCORE360"
<br />Historical Results
<br />The chart below shows the annual changes in limits, values, premiums, rates and named storm limit back to 2007.
<br />Exposure
<br />r 07-08 — T $342,013,3771
<br />08-09 $414,241,373
<br />Premium
<br />$2,387,500
<br />$1,950,350
<br />Annual Rate
<br />$0.70
<br />Limits
<br />Purchased
<br />$0.47
<br />Named Storm
<br />Limit
<br />150,000,000
<br />150,000,000 ;j
<br />175,000,000 '
<br />50,000,0001
<br />50,000,000
<br />4/1/09-5/1/10
<br />10-11
<br />$426,623,770 $1,412,500 ' $0.33
<br />$301,589,497 $1,350,000' $0.45'[ 200,000,000.
<br />$1,049,302 $0.30 L 200,000,000 50,000,000
<br />25,000,000
<br />50,000,000
<br />11-12
<br />$347,436,7341
<br />12-13
<br />13-14
<br />$332,426,422 `i.„ $1,316,000 $0.40 ! 200,000,000
<br />$333,657,066 ! $1,264,5377 $0.38 ! 200,000,000
<br />25,000,000 ,
<br />25,000,000
<br />14-15
<br />1
<br />$342,345,764
<br />$1,205,000
<br />$0.35
<br />;
<br />200,000,000
<br />35,000,000
<br />15-16
<br />$343,203,562
<br />$994,238
<br />$0.29
<br />;
<br />200,000,000
<br />35,000,000
<br />L
<br />16-17
<br />17-18
<br />18-19
<br />19-20
<br />$352,048,567
<br />$365,509,1741'
<br />$381,605,432
<br />$372,933,092
<br />$948,446
<br />$984,710
<br />$1,221,289
<br />$1,324,438
<br />$0.27 f 200,000,000
<br />$0.27 200,000,000
<br />$0.32 200,000,000
<br />$0.36. 200,000,000
<br />40,000,000
<br />40,000,000
<br />40,000,000
<br />40,000,000
<br />Hurricane Mathew & Irma Losses
<br />The County's renewal continues to be challenging due to the paid Mathew claim and the pending Irma claim. Below goes over
<br />the County's submitted claims in the last two policy years.
<br />Mathew
<br />Loss
<br />Claim
<br />Payment
<br />IRMA
<br />Loss
<br />Claim
<br />Payment*
<br />Schedule Locations
<br />MUL - Beaches
<br />Property in the Open
<br />TOTAL
<br />$1,37.1,986 i
<br />'f $13,129,096'
<br />$3,171,072
<br />$17,672,153 t
<br />$688,375', - - - -
<br />L $2,009,443 $935,183_
<br />$2,500,0007r $3,761,160,1 $2,500,0__001
<br />$2,500,000 $55,135 $
<br />$5,688,375
<br />Estimate Paid out Claims
<br />Total Premium last 5 years
<br />Loss Ratio for last 5 Years
<br />$5,825,738 $3,435,1831
<br />— Jr $9,123,558
<br />$7,934,268
<br />Current Property Insurance Program
<br />Indian River County's current property insurance program is based on total insurable values of $381,676,150 and provides a
<br />program limit of $200 million with $40 million for Named Windstorm Coverage, $25 million each for Flood and Earthquake
<br />Aggregate Annually except $10 million for Special Flood Hazard Area. The policy deductible is $100,000 with a 5% Named
<br />Hurricane with a maximum per occurrence of $5 million. The current total annual premium, including assessments is $1,221,337
<br />with a rate per $100 in values of $.32 excluding terrorism coverage.
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