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c <br /> �� , 1 r .✓ >i ', rell e <br /> F , " ;� r a �' �' <br /> ? ' `' Y e t t v *tt a a� K . ±.: y�r ,� . .. ^£ a is > <br /> .i If c4,, <br /> , " ... 'Mti i^. .c + b` L . £ J :T'' ;f'✓"":.- 1' ..X . h P' felt;aqy <br /> .n r 0. c �e ,.'� �. r r $ �" '�- w k+. ? Y , F <br /> , u„Sc. e, a M +, .¢i r, ° r . . ,e^. '� y u 'Y,i. r Y4 rsay rr �, .+EY r. a . ?"- 1 <br />-1 <br /> If <br /> P <br /> Dear Ms. Jordan .- <br /> At <br /> ordan :At the request of Indian River County, Florida (the County), a Request for <br /> Proposals (RFP) for Various Property and Casualty Insurance Coverages was r <br /> prepared and distributed in July 2001 , for coverage effective October 1 , 2001 . <br /> The RFP and addenda providing additional requested information were <br /> distributed to a number of agents/brokers and service providers. A total of five <br /> proposals were received . <br /> RECOMMENDATION <br /> We recommend that the County accept the following . <br /> • Package and Crime proposals from Arthur J. Gallagher & Co. (Gallagher) for <br /> the proposed premum amount of $550, 599 . Coverages included in the <br /> recommended package include . <br /> Real and Personal Property <br /> Business Interraption and Extra Expense <br /> Mobile Equipment and Miscellaneous Property <br /> Electronic Data Processing <br /> Crime <br /> General Liability <br /> Automobile Liability and Physical Damage <br /> Public Officials with Employment Practices liability <br /> Workers ' Compensation and Employers Liability <br /> • Boiler & Machinery coverage proposal from Gallagher for the proposed <br /> premium of S6 , 250 . <br /> • Statutory Death benefits coverage from L . B . Bryan & Co . for the proposed <br /> premium amount ofS5 , 931 . <br /> ■ Claims Administration services from 1LT Services (JLT) for the proposed <br /> estimated annual fees of 547, 250. <br /> Enclosed is a summary exhibit that compares the proposals received . <br /> RATIONALE & COMMENTS <br /> PACKAGE <br /> The County received three proposals for package coverages . The proposal <br /> received from McCreary Corporation (McCreary) included casualty and workers ' <br /> compensation coverages but did not include a proposal for property coverage. <br /> The alternate proposals received from Gallagher and the Florida Municipal co <br /> Insurance Trust (FMIT) did not include severable property coverage which uld <br /> be combined with the McCreary proposal to make a viable option for the <br /> County ' s consideration . For this reason, only the Gallagher and FMIT package <br /> proposals were considered . <br /> Although the incumbent , FMTT, submitted a less expensive packa ¢ e proposal with <br /> preferred retentions for property and workers ' compensation, our <br /> recommendation to the County, although a close call , is to purchase the Gallagher <br /> package. Our recommendation is based upon improved wind coverage for <br /> property and the stronger financial stability of the insurers participating in the <br /> program . These factors are discussed ill more detail below. <br /> SEPTEMBER 18 , 2001 <br /> - 90 - <br /> � <br /> II If I'll le" <br /> ell e <br /> r <br /> If <br /> el elC }`E 0. — d . If <br /> g <br />