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if I <br /> If <br /> If l 1, <br /> 61 1 <br /> L'FM .. % �'a . :� x*+t Yx"wl 't5%3 6 `3. £ .,- } Ma3e�:. .„ a. 1�. . �,^ < ` ::s.'a �.kx #e.r.'hexVk'�# <br />,'" <br /> L <br /> .. . b J . . . . a c ya <br /> ryry <br /> . . .. f T <br /> BOILER & MACHINES <br /> Two proposals were received for Boiler and Machinery coverage . The Gallagher <br /> proposal, insured by C .N. A. Insurance Company is significantly less expensive <br /> than the alternate proposal received from L . B . Bryan & Co . and is recommended . <br /> STATUTORY DEATH BENEFITS <br /> Only one proposal was received from L . B . Bryan & Co . and AIG Life Insurance <br /> Company for Statutory Death Benefits. This is the incumbent program and is <br /> recommended . The proposal includes an option for a three year policy, paid in <br /> three annual installments of 55 , 931 . This is recommended . <br /> CLAIMS ADMINISTRATIONN SERVICE <br /> Three proposals were received for claims administration services, JLT Insurance <br /> Services, Johns Eastern , and McCreary. The incumbent administrator, JLT is <br /> recommended, as their estimated fees are less expensive than the alternate <br /> proposals received and the County is generally satisfied with the service they have <br /> received over the last ten years. Additionally, JLT included the most favorable <br /> treatment of continuing administration of existing claims . Based upon current <br /> counts of open claims, the JLT proposal saves the County approximately 525 , 000 s <br /> in administration fees. <br /> The JLT proposal was not submitted on the proposal forms included in the RFP . ; <br /> However, the information that was provided was sufficient to enable us to <br /> determine that their proposal was the most cost effective received . After we <br /> reported that the forms Were not originally submitted , the matter was referred to <br /> the County Attorney who , we understand advised the County that the failure to <br /> submit the specific forms was a tec;tnicality, which could be waived , Based upon <br /> this advice, the County requested, and JLT provided , the appropriate forms . <br /> SLNIMARY AND CLOSING <br /> We recommend that the County accept the Package, Crime, and Boiler & <br /> Machinery proposals from Gallagher. We recommend the County accept <br /> Statutory Death Benefits coverage from L. B . Bryan & Co. We recommend that <br /> claims administratio"" services be continued with JLT . <br /> We appreciate this opportunity to be of service to Indian River County Florida. <br /> At your request, we plan to attend the meeting of the Board of County <br /> Commissioners on September 18, 2001 . In the meantime, if you have any <br /> questions, please let us know. <br /> Very truly yours, <br /> SIVER INSL`R_.ANCE CONSULTANTS <br /> Kathy Gordo , AAI <br /> Reviewed by: mes Marshall, CPCI ARVI, JD <br /> SEPTEMBER 18 , 2001 �� <br /> - 93 - <br />