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Indian River County Board of County Commissioners
<br />In 2023, the renewal included three material changes:
<br />1. EMS Operations SIR will be increased from $25,000 to $50,000
<br />2. New Exclusion — PFAS and Chemicals Exclusion New form outlining that the Policy does not insure against
<br />any loss arising out of or in any way attributed to PFAS (Per- and Polyfluorinated Substances) or the PFAS
<br />content of any substance or product.
<br />3. General Policy Condition 7 Claims, Occurrences or Suits Amendment - This updated form outlines the
<br />County's responsibilities to provide timely reporting of losses and what happens if the carrier rights to
<br />assume control of the investigation, defense or settlement.
<br />Underwriters shall have the right, but not the obligation, to be associated with the INSURED in, and/or
<br />assume control of, the investigation, handling, defense or settlement of any CLAIMS, SUITS or
<br />proceedings relative to an OCCURRENCE or CLAIM where in the sole opinion of the Underwriters,
<br />Underwriters' liability under this Policy is likely to be involved. In the event Underwriters assume control of
<br />the investigation, handling, defense or settlement of any CLAIMS, SUITS or proceedings relative to an
<br />OCCURRENCE or CLAIM, then DEFENSE COSTS incurred are part of, and not in addition to, the
<br />ULTIMATE NET LOSS and the INSURED's obligation to pay the SELF INSURED RETENTION, and any
<br />applicable MAINTENANCE DEDUCTIBLE or any other applicable deductible or deduction under this
<br />Policy, will remain unchanged.
<br />This year we approached Ambridge, Safety, Chubb, Travelers, Euclid and Berkley. We received feedback from
<br />Berkley they could not compete. Safety was not able to offer claims made coverage for EMS Liability or Sexual
<br />Abuse and Molestation and they were above the expiring premium. As a result, we instructed them to close their
<br />file. Travelers has not been a viable market in Florida for years. The main driver was they would not approve your
<br />third party administrator. Now that Johns Eastern has been bought out by Davies, Davies is an approved
<br />administrator. However, they came back with a list of items that would be need prior to quoting: carrier
<br />applications, driver lists with MVRs, risk control survey conducted at least 60 days prior to quote due date, and
<br />require the County to agree to Travelers claim service agreement which requires a loss fund deposit. This would
<br />be a cash deposit held by Travelers. They also require the TPA to handle claims from cradle to grave. We have
<br />seen this become an issue with clients change TPAs, the old claims that applied to Traveler's policy terms had to
<br />remain with the prior TPA.
<br />We also approached 14 markets for a traditional Auto program. We received 11 declinations which ranged from
<br />Coastal exposure, Florida, can't offer a self-insured retention for Liability, fleet size, etc. One carrier confirmed that
<br />their minimum premium would be $1,000,000, we instructed them to close their file. We're pending a response
<br />from GMI Insurance and Egis Insurance Risk Advisors. Egis is the administrator of Florida Insurance Alliance, a
<br />public entity trust in Florida.
<br />Ambridge has offered a renewal premium of $243,043 a 9.5% premium increase. Below you will find the exposure
<br />changes year over year:
<br />Brit continues to require Davies (Johns Eastern) to follow their TPA guidelines to address how they expect them to
<br />manage and communicate claims.
<br />Employees
<br />1,721
<br />1,809
<br />5.11%
<br />Vehicles
<br />493
<br />502
<br />1.83%
<br />Payroll
<br />$101,302,483
<br />$105,354,582
<br />4%
<br />Brit continues to require Davies (Johns Eastern) to follow their TPA guidelines to address how they expect them to
<br />manage and communicate claims.
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