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If�77 <br /> 77 777-!W77' <br /> ry` r"..g'>'. d .,`, - tw^S' ti 3-. ,. +%i r z i- r x .: n + z <br /> „ . : .: . .. Ij <br /> Glenn Tobey , with Art Gallagher Insurance , noted that Gallagher paid out $ 142 <br /> billion for hurricane damage which would have bankrupted the League . 2 years ago the <br /> League had a net worth of $ 147 , 000 , 000 and now they have only $ 42 , 000 ; 000 . Gallagher <br /> insures 40 counties in Florida , 260 cities and 42 school districts . <br /> Richard Terleeki , also with Art Gallagher , also cited the League ' s net worth of <br /> $ 43 , 000 , 000 and explained that "within '/z mile of the coast " actually includes " navigable <br /> waters " . In most storms the major damage has been from flood and not from wind . <br /> MOTION WAS MADE, by Commissioner Adams , <br /> SECONDED by Commissioner Macht , that the <br /> Board accept the League of Cities proposal . <br /> Risk Manager Beth Jordan, noting that the County would move from a "pool " into an <br /> "A -rated " company , recommended that the Board accept the Siver proposal . <br /> THE CHAIRMAN CALLED THE QUESTION and <br /> Commissioner Macht withdrew his second . The <br /> Motion failed . <br /> SEPTEMBER 18 , 2001 8K i 1 3 r o <br /> - 95 - <br /> 77" , 777W777h <br /> If r <br /> t <br />