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five years totaled $55,464, resulting in a $20,000 premium loss to the carrier; IRC's first responder <br />exposure increased by 42% due to staff increase from last year. <br />FUNDING: <br />The County's property and casualty coverage is funded through the Self Insurance Fund (502). <br />This is an Internal Service fund that is supported by charges to operational funds of the County. <br />The current fiscal year's portion of the proposed premium will be funded from account number <br />50224613-034590 (Self Insurance Fund - Other Insurance). Since the insurance program renews mid- <br />year and encompasses two fiscal years, an increase in funding for the upcoming fiscal year will be <br />necessary to fund the overall 14% in premium increases. Since the Self Insurance Fund is supported by <br />all other departments, the premium costs are distributed across all County departments. <br />RECOMMENDATION: <br />Staff recommends that the Board approve the proposed renewal and authorize staff to bind coverage <br />for May 1, 2022 through April 30, 2023 with a current annual premium of $3,162,269. The renewal <br />premium is based upon the current schedule of values, coverage selections and includes the annual <br />broker fee of $175,000. <br />150 <br />