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* Named Storm Limits: Property is $40 Mil with a deductible of 5% of the building value subject to a max of $5 Mil per occurrence and minimum of $100,000. Utilities limit is $30 Mil with a deductible of 5% of the building value subject to a minimum of $250,000. ANALYSIS - Attached, please find the detailed Executive Summary prepared by Erica Connick, Account Executive, AJG. Several charts within the Executive Summary detail the various lines of coverage. Major highlights of the renewal are as follows: Property Program: This is a layered program with multiple carriers. This year we continued to use the same strategy as we have in the past, leverage our direct relationship with Domestic and International markets to create competition. However, the market is still pushing for rate increases and domestic markets are looking to reduce their capacity. Incumbent carrier, Westchester reduced their capacity on the primary layer from 40% to 20% of $25 million, while AmRisc is seeking a rate increase of 29%. The current renewal quote is $1,511,638 which is a 12% increase but we are still finalizing the participation for this renewal and feel confident we can get a lower renewal rate. This renewal is not to exceed $1,511,638. The majority of the limits and deductibles remain unchanged except: 1. Installation Coverage — No coverage, expiring coverage was $250,000 2. Personal Property outside the U.S.A. - No coverage, expiring coverage was $250,000 3. Underground Property— No coverage, expiring $500,000 4. Updated edition dates for Exclusions related to virus, bacteria and/or microorganism 5. May have a few other forms pending final participation negotiations Utility Property Program: The County's renewal is based on a total insured value of $248,919,888; a 2.45% increase in values from last year. Starr's renewal proposal is $736,424; a 13% overall rate increase, all other terms remain as expiring. Excess Workers Comp: This year the program was marketed to several carriers and the incumbent carrier provided the best renewal quote with a premium increase of $61,231 or 27% and a retention increase from $650,000 to $850,000. All other quotes received included a higher premium increase and retention amounts above $1,000,000. The following factors effected the renewal increase: The County payroll increased by 5% over the expiring year, the County had several large losses paid -out in the previous year and the market continues to be limited in Florida for public entities that have Police and/or Fire exposures which are subject to the presumption laws. Inland Marine: The program was marketed to eleven markets and exposure values are up 11.73%. The renewal premium is $107,669; an increase of $13,156 or 14% over last year's premium. Church Parking Lot Liability: This is a stand-alone liability policy to cover any exposures from the use of the church parking lot. The renewal quote was $2,404 or 9% increase. After reviewing the original lease agreement, it was determined we could satisfy our insurance obligation by adding the Church as an additional insured on the Public Entity Policy, with no additional cost. The stand-alone policy will not be renewed, providing a premium savings of $2,404. Statutory AD&D: The renewal premium is a two-year contract with annual installments of $12,363, which is a $6,197 or 101% increase from expiring year. The following factors effected this year's renewal: this policy paid a statutory benefit of $75,000 in 2021 and total premiums paid over the last 149