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May 17, 2()11
Mr. David H. Ready, Esq., Ph.D
City Manager
City of Palm Springs
3200 Tahcluitz Canyon Way
Palm Springs, C-A,92262
RE. 201 1-2012 Property&Casualty Progtam
Dear David,
During the past several years, we've conducted very comprehensive and aggressive marketing of the
City's insurance programs. Keenan & .Associates specializes in puhlic agencies, wfucli enables us to
have a keen awareness of which insurance carriers write and are competitive with public agency
busincFs. As you know, cities are very unique risks and the City of Palm Springs has a more unique
dynat-nic due to your police, fire, wastewater treatment and airport exposures. In addition, the City
has earthquake and wind exposure, which precludes many insurance carriers from quoting and/or
providing; competitive terms and conditions to your current program.
Prior to marketing the City's program each year, we meet with the City's ltisk Team to discuss the
City's goals, global insurance marketplace and marketing strategies. We discuss the importance of
carefully selecting which markets and lines of coverage to market, as we don't want to alienate an
insurance carrier the City may need in subsequent years, particularly if we know they are not going to
be competitive today. Strategically, we must consider these issues to ensure the City will continue to
have options as we enter the hardening insurance market where there are more restrictive terms and
conditions and fewer insurance providers.
Each year, we aggressively market and/or negotiate the City's program. Due to these efforts, the
Citv's has extremely broad coverage and very competitive premiums. This is our ultimate goal,
though at tames this precludes us tiom obtaining alternative quotations, as most carriers decline to
quote if they know they won't be competitive and realistically tliey don't believe the City will pay
higher premiums to change coverage providers. In addition, many carriers decline or will not
consider quoting due to the City's earthquake,police and fire exposures.
As the City's insurance broker, we have often improved upon the previous year's program while
reductnk the City's per line of coverage premium* by $466,101, wluch when you take into account
the accumulated savings, this has meant well over$1.3 milborl in savings to the City. Detailed below
is a summary of the global insurance marketplace challenges, our effotts and results in marketing
each of the City'-, coverages:
nS/
Global Insurance Overview
The insurance market has drastically changed as there continues to be weaknesses in national and
state economies, Carriers are ber dig to take precaution and increase costs due to Health Care
Reform, regulation, increasing litigation and rising medical inflation for public agencies. The
following summary details specific issues impacting the insurance marketplace,
o Insurance Market Financial Outlook - A fragile stock market, low investment
vields, increased claims severity, reserve inadequacies and the hyperinflation threat
tot a $14 trillion deficit are beginning to adversely impact overall rates.
o Catastrophes — The 2010 and 2011 earthquakes (Haiti, Chile, Mex7cah, New Zealand
and_lima Pauli), the tsunami in Japan and tornadoes in the mid-west are eroding
capaciry and beginning to harden the Property and DIC insurance market.
o Litigation Trends During 2002-2008, the average jury- verdict nationally against
public entities was $648,057 with plaintiffs prevailing 50% of the time. In 2008,
plaintiffs prevailed 61°,o, which has adversely impacted the Liability market.
o Rising WC Medical Costs—Californaa WC: medical costs have increased to 69°,o of
the total indemnity claim with uncertain inflationary predictions. The average cost of
a WC_ claim rose to 562,000 and the Worker's Compensation Rating Bureau
MARB) recently recommended a 27.7% rate increase, though tlus was not
implemented for political reasons. In addition, there has been adverse legislation and
two recent decisions (llnaare,/Gtr;»aan and Qgrlme) that have had large financial
impacts on the WC system. As the WC: pendulum tries to balance medical inflation
and adverse legislation, the PVC market has clearly begun to harden.
Marketing Overview
o Property - The Citv's property coverage is currently insured by 'Travelers and has
been since we changed from Affiliated FNI in 2008 (resulting in a $30,000 savings).
During the past few years, we've approached nearly 20 carriers and due to the City's
earthquake e\posure and competitiveness of the City's program, few carriers will
entertain this risk During the past few years, we've secured quotations from
Affiliated FNI, Nlunlch Re and Le__cington (now Chartis, formerly AIG) though most
continue to decline to quote due to the City's earthquake exposures and
competitiveness of the current program. Even with the S220,000+ wind claim a
couple years ago, the 2011/2012 premium is now 379,940 (1 7°%) less than 2009/10
and in spite of the worldwide catastrophes, this continues to be a very competitively
priced program.
o Excess Liability — We've marketed this program to more than 12 carriers in the
past few years and most continue to decline, as they're unable to be competitive with
the current pricing, retentions and coverage form Some carriers will only quote or
provide quotations if the City were to increase your self insured retention to$lNI per
clainn, which has not been sorrnethmg the City should or has been willing to entertain.
While most carriers decline to quote and/or provide uncompetitive quotations, we
have successfully negotiated premiums with the incumbent from $178,422 in
2007/08 to $129,600 for 2011112,a 27°„ decrease. In addition to the incumbent,we
marketed to four carriers for 2011/12 with three carriers deeming due to not being
competitive and one quoting $200,000. In spite of having few options to consider,
we negotiated a 516,080 (11°'0) decrease for 2011/12 with the incumbent carrier,
which, once again is extremely competitive.
o Differences in Condition There are few DIC (earthquake/flood) carriers and the
ones that Nvrite DIC coverage are very specialized. As a result, we often don't find
one carrier to write the entire risk; rather it's multiple carriers writing small
percentages of the total placement, which makes it difficult to secure alternative
quotations. This,in addition to the San .\ndreas fault running through Palm Springs,
the Waste Water Treatment Plant and the earthquakes during the past couple years
(Chile, Haiti, Me_-vico, Neml Zealand, Ja/ian, et a,), the DIC }placement is complex and
challenging. llowever, in spite of these issues, we've negotiated the City's prenuunis
from a high of $535,024 Ili 2008/09 to $431,431 for 2011/12, which is a $93,569
(18'•`o) decrease during a tine when we've seen catastrophic earthquakes around the
world. Also, during tivs time, the City has completely restructured the DIC program
from a "blanket" City linut to now separate dedicated limits for the WV'"I P and
separate dedicated limits for other City facilities, which have improved your overall
coverage with sngmticantly lower premiums.
o Crime — There are very few carriers that write this coverage and we've approached
the main carriers over the years (Hartford, Chubb, Zurich). Tn 2009/10, we moved
the program from Hartford to Zurich resulting in a 19'46 savings while also securing
the necessary Public Officials Bonds needed by the City. Since 2008/09 when you
were insured with Hartford, we've negotiated the prenuiurns from $4,415 to $2,699
for 2011/12, which is a 39"', decrease, including a 13°'o reduction for the 2011112
program.
o Airport/Aircraft Liability—There are very few insurance carriers who specialize in
aviation risk. The two main aviation carriers ate ?uIG and AC[I� and we've marketed
to both during the past several years. Due to our public agency- clout, we negotiate
direct with the carriers whereas the City's previous broker accessed the carriers
through an intermediary broker, which increased the City's costs. We've been
successful in negotiating the City's airport/aircraft prcmiunns from $(;0,707 in
2007/Oil to $35,577 for 2011/12, a 41% decrease, which includes an 11'/o decrease
for the 2011112 program. _\CLU, continues to be the most competitive program for
the City.
o Excess Workers' Compensation -- My firm places over $10 billion of California
workers' compensation public agency payroll, which provides us with a distinct
understanding of the worker's compensation marketplace. "This is the main reason
how we've been able to negotiate the City's Excess VIC premium from a high of
$271,799 in 2006/07 to 569,750 in 2011/12. In addition, we've negotiated a
decrease of your Police/pure per claim self-insured retention from $2NI to $1NI whole
doubling the City's limit of insurance from $25N1 to $501M. "['here are few workers'
compensation carriers who write public agencies and fewer that will entertain the
City of Palm Spruigs due to the City's police/fire exposure. The City now pays over
$200,000 (74%) less than you did prior to ISeenan acting as your broker and the
City's Excess WC program continue,, to be very competitively priced. We have
successfully reduced the City's rates and/or premiums year after year in spite of the
rising medical costs and adverse WC legislation previously referenced.
o Media Liability — There are very few carriers writing this coverage and the City's
premiums are very competitive. Since being appointed the City's broker, we've
negotiated to bring this renewal date in line with your fiscal year to help with
budgeting and have reduced the prerruums G°io and 10% during the past 2 years.
Overall, the City is paying 15"%o less today than it was in 2008/09, the year before we
began negotiating this coverage on the City's behalf.
o Village Fest- Similar to the Medial Liability policy, there are few carriers that write
this coverage. We also negotiated to bring this renewal date in line with your fiscal
�rear and the City is paying'2% less today than it was in 2008/09, the year before we
began negotiating this coverage on the City's behalf.
Given the recent catastrophes, increasing litigation, adverse legislation and rising WC; medical
inflation, we are very pleased with the results we've been able to achieve for the City. Due to the
City's unique risks and competitively priced program, alternative quotations for certain lines of
coverage are sometunes difficult to obtain, though we have and will continue to negotiate fiercely on
behalf of the City each year. As a result, the City has broader coverage, higher limits and is paying
significantly less premiums today than in previous years.
On behalf of Keenan &Associates, it is a privilege and honor to serve the City and we appreciate all
of your support and confidence in our services. Please let me know if you have any questions on
this and if you'd like me to present this to City Council,I'd be happy to do so.
Sincerely,
rlrri titepiicins
Senior Vice President
Property &Casualty Practice leader
t.c. Doug Holland, City Attorney
P A`M S,6
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4tipolt % City Council Staff Re ort
DATE: MAY 18, 2011 Consent Agenda
SUBJECT: APPROVE ANNUAL INSURANCE POLICY RENEWALS FOR THE
CITY'S INSURANCE PORTFOLIO FOR FISCAL YEAR 2011-12
FROM: David H. Ready, City Manager
BY: Douglas Holland, City Attorney
SUMMARY
The City is self-insured and annually purchases various lines of insurance coverage to
minimize the adverse effects of accidental losses and claims against the City. This
action would authorize the purchase of various lines of insurance for Fiscal Year 2011-
12.
RECOMMENDATION:
Adopt Resolution No. "A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA, AUTHORIZING KEENAN & ASSOCIATES AS
THE CITY'S BROKER OF RECORD, TO PURCHASE PROPERTY LIABILITY,
EXCESS EARTHQUAKE/FLOOD LIABILITY (DIFFERENCE IN CONDITION), EXCESS
LIABILITY, EXCESS WORKERS COMPENSATION, AIRPORT OWNERS AND
OPERATORS LIABILITY, VILLAGE FEST LIABILITY, MULTI MEDIA LIABILITY,
AIRCRAFT HULL LIABILITY, AND CRIME/FIDELITY LIABILITY INSURANCE
POLICIES FROM VARIOUS CARRIERS FOR POLICY YEAR 2011-2012, EFFECTIVE
JULY 1, 2011."
STAFF ANALYSIS:
The City is self insured for major risk programs such as property liability, excess
earthquake/flood liability, general liability, auto liability and workers' compensation. In
order to protect the assets of the City from potential loss, the City purchases various
lines of insurance coverage for these risks. To assist in the purchase of various lines of
insurance, the City entered into Agreement No. A5656 on April 30, 2008, with Keenan
and Associates for professional insurance brokerage services.
Keenan and Associates has solicited pricing on the City's insurance portfolio and has
delivered pricing that, if approved, is $16,293 (+1.5%) more than the current year while
providing the same level of coverage and deductibles. $13,26.9 of the increase will be
paid by the Waste Water Treatment Plant enterprise account and $3,024 from the
ITEM NO.�_
City Council Staff Report
May 18, 2011 -- Page 2
Annual Insurance Renewals
General Fund. The following is a summary of last year's premiums, and staffs
recommendation for the July 1 renewals for Fiscal Year 2011-12:
COVERAGE: Premium FY 10-11 Premium FY 11-12
PROPERTY
Premium $385,261 $410,000
Deductibles $250,000 for Earthquake $250,000 for Earthquake
$100,000 Flood $100,000 Flood
$10,000 all other Losses $10,000 all other Losses
Limits $5M EQ/Flood $5M EQ/Flood
Terrorism coverage included Terrorism coverage included
Airport Runways$80M Airport Runways$80M
DIC $144,550(City+Airport) $144,550(City+Airport)
(Earthquake/Flood) $5,000,000 $5,000,000
Premiums (excess of$5.OM) (excess of$5.OM)
Limits $273,612(dedicated WWTP) $286,881 (dedicated WWTP)
$25,000,000 $25,000,000
COMPREHENSIVE
EXCESS GENERA
&AUTO LIABILITY $144,720 $129,600
Premium $500,000 Employment $600,000 Employment
Self-Insured Retention Practices, Practices,
$400,000,all other: $400,000,all other:
$10,000,000 $10,000,000
Limits
EXCESS
WORKERS' COMP
Premium $71,173 $69,750
SIR-Police&Fire $1,000,000 $1,000,000
SIR-allother employees $1,000,000 $1,000,000
Limits $50,000,000 per occurrence $50,000,000 per occurrence
AIRPORT LIABILITY
Premium $35,381 $31,844
Deductible $1,000 $1,000
Limits $50,000,000 $50,000,000
Terrorism coverage included Terrorism coverage included
VILLAGE FEST
Premium $12,212 $12,213
Deductibles $1,000 $1,000
Limits $1,000,000/$2,000,000 $1,000,000/$2,000,000
AGG/$2,000,000 AGG/$2,000,000 PROD/$100,000
PROD/$100,000 FIRE FIRE
MULTI MEDIA
Premium $8,776 $7,899
Deductibles $5,000 $5,000
Limits $1,000,000 $1,000,000
AIRCRAFT HULL
Premium $4,145 $3,733
Deductible $75K hull,$100 In $75K hull, $100 In
Limits Motion/$500 Static Motion/$500 Static
$5,000,000 $5,000,000
Terrorism coverage included Terrorism coverage included
CRIME/FIDELITY
Premium $3,046 $2,699
Deductibles $10,000/$1,000 $10,000/$1,000
Limits $1,000,000/$100,000/$300,000 $1,000,000/$100,000/$300,000
Total Premiums $1,082,876 $1,099,169
City Council Staff Report
May 18, 2011 -- Page 3
Annual Insurance Renewals
PROPERTY PROGRAM:
Under the All Risk Property insurance program the quote of $410,000 from Travelers,
the City's current provider, is for one comprehensive policy which includes $5 million in
primary Earthquake/Flood coverage, enhanced wind damage coverage for trees and
shrubs, Airport runway coverage, and attractive supplemental coverage such as
Terrorism and Builder's Risk. The premium is $24,739 more (+6.4%) than last year
primarily due to the $5.5 million dollar increase in the City's total insurable value (TIV)
as a result of the new Animal Care Facility. Staff is again recommending the Airport
runway coverage under this policy as Council approved last year.
DIFFERENCE IN CONDITION (DIC) PROGRAM:
The City is self-insured and purchases various lines of insurance each year for
additional protection to the Property Program above. Difference in Condition (additional
flood and earthquake coverage) is almost always excluded from commercial property
policies and may be purchased separately to enhance coverage. The DIC market is
beginning to harden due to recent catastrophic events such as the earthquake in Japan,
the floods in the midwest and tornadoes in the southern United States, and as a result
we are starting to see some premium increases in this particular coverage.
The City's total insurable value (TIV) is approximately $439 million for FY 11-12. While
it is highly unlikely that the City would have to replace every single facility in the event of
an earthquake, facilities such as the Airport and Wastewater Treatment Plant are
considered critical to the continued operations of the City. These two facilities alone
have an estimated replacement cost of over $120 million. Last year Council authorized
the purchase of Differences in Condition (DIC) insurance to augment its primary
property earthquake/flood insurance policy to cover the Wastewater Treatment Plant,
and all other City Buildings (including the Airport buildings). Staff is again
recommending a separate dedicated stand-alone policy to cover the Wastewater
Treatment Plant from the first dollar to $25 million for a total cost of $286,881 ($13,269
more than last year, or +4.8%) that would be paid in full by the wastewater enterprise
account. Also, staff recommends $5 million in excess of the $5 million in coverage
provided under the primary Property Program insurance (above) for all other City
Buildings (including the Airport buildings) for a total cost of $144,550 at the same
premium as last year ($0 increase) and the cost would be shared by the City's General
Fund and Airport enterprise account.
COMPREHENSIVE EXCESS GENERAL & AUTO LIABILITY PROGRAM:
The premium cost quoted for Comprehensive Excess General & Auto Liability coverage
of $129,600 from the incumbent Everest National/Starr Indemnity is $15,120 less (-
10.4%) than last year, and given the increase in litigation against public agencies due to
the Joint & Several Liability law created by Prop 51 (aka "the deep pockets rule"), staff
recommends this coverage at this favorable quote in today's insurance market.
EXCESS WORKERS' COMPENSATION PROGRAM:
J
City Council Staff Report
May 18, 2011 -- Page 4
Annual Insurance Renewals
Maintenance of Excess Workers' Compensation insurance is important to protect the
City from the negative financial consequences of potential catastrophes involving
multiple employee injuries or deaths from occurrences, such as major fires, police
activities, terrorist attacks and earthquakes during working hours. The renewal for the
same $50 million in coverage is $69,750 from Safety National, which is $1,423 (-2%)
less than last year.
AIRPORT PROGRAM:
Airport Liability covers incidents such as injury to a person (ie: passenger slip and fall in
terminal) or damage to a plane (ie: airport equipment hits a plane) that occur on the
premises. Aircraft Hull Liability is specifically for the 1974 Cessna Aero Squadron
plane, covering the property itself and our liability in the event of an accident. The
combined cost of these two policies from ACE and Westchester is $35,577 which
includes terrorism and war coverage, and is $3,949 (-10%) less than last year.
MISCELLANEOUS
Finally, for the Village Fest, Multi Media and Crime/Fidelity policies, Keenan's marketing
efforts resulted in a combined premium of $22,811 and is $1,223 (-5%) less than last
year.
FISCAL IMPACT:
Total cost of recommended insurance to all funds for the fiscal year is $1,099,169,
including all fees and taxes. Funds will be allocated in the respective FY 11-12 Risk
Management Fund accounts accordingly, as well as the airport enterprise account and
wastewater enterprise account, as appropriate.
Douglas Holland, City Attorney David H. Ready, City M. r
Attachments:
Proposed Resolution
c
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA AUTHORIZING KEENAN AND ASSOCIATES,
AS THE CITY'S BROKER OF RECORD, TO PURCHASE PROPERTY
LIABILITY, EXCESS EARTHQUAKE/FLOOD LIABILITY (DIFFERENCE
IN CONDITION), EXCESS LIABILITY, EXCESS WORKERS
COMPENSATION, AIRPORT OWNERS AND OPERATORS LIABILITY,
VILLAGE FEST LIABILITY, MULTI MEDIA LIABILITY, AIRCRAFT HULL
LIABILITY, AND CRIME/FIDELITY LIABILITY INSURANCE POLICIES
FROM VARIOUS CARRIERS FOR POLICY YEAR 2011-2012,
EFFECTIVE JULY 1, 2011.
The City Council of the City of Palm Springs, California, finds:
A. The City is self insured for major risk programs, such as property,
general liability, auto liability and workers' compensation.
B. The City annually purchases various lines of insurance coverage to
minimize the adverse effects of accidental losses and claims against the City.
C. The City is located in the vicinity of several known active and
potentially active earthquake faults, including the San Andreas, the San Jacinto
and the Elsinore faults.
D. The topography of the City makes it prone to flooding, especially
during times of heavy rainfall.
E. The City purchases a primary earthquake and flood insurance policy.
F. The City supplements its primary insurance policy with excess
coverage to properly protect its public facilities from catastrophic loss from
earthquake or flood.
G. The City Council appoints a broker of record to purchase insurance
policies for the City and the City's insurance broker has solicited proposals from
various insurance companies for insurance coverage.
NOW, THEREFORE, the City Council resolves:
SECTION 1: The City Council of the City of Palm Springs, California
authorizes Keenan & Associates, as the City's Broker of Record, to purchase the
following insurance policies for Fiscal Year 2011-12:
Resolution No.
Page 2
COVERAGE: Premium FY 11-12
PROPERTY
Premium $410,000
Deductibles $250,000 for Earthquake
$100,000 Flood
$10,000 all other Losses
Limits $5M EQ/Flood
Terrorism coverage included
Airport Runways$80M
DIC $144,650(City+Airport)
(Earthquake/Flood) $5,000,000
Premiums (excess of$5.OM)
Limits $286,881 (dedicated WWTP)
$25,000,000
COMPREHENSIVE
EXCESS GENERA
&AUTO LIABILITY
Premium $129,600
Self-Insured Retention $500,000 Employment
Practices,
$400,000,all other:
Limits $10,000,000
EXCESS
WORKERS'COMP
Premium $69,750
SIR-Police&Fire $1,000,000
SIR-allother employees $1,000,000
Limits $50,000,000 per occurrence
AIRPORT LIABILITY
Premium $31,844
Deductible $1,000
Limits $50,000,000
Terrorism coverage included
VILLAGE FEST
Premium $12,213
Deductibles $1,000
Limits $1,000,000/
$2,000,000
AGG/$2,000
,000
PROD/$100,
000 FIRE
MULTI MEDIA
Premium $7,899
Deductibles $5,000
Limits $1,000,000
AIRCRAFT HULL
Premium $3,733
Deductible $75K hull,
Limits $100 In
Motion/$500
Static
$5,000,000
Terrorism
coverage
included
Resolution No.
Page 3
CRIME/FIDELITY
Premium $2,699
Deductibles $10,000/$1,
Limits 000
$1,000,000/
$100,000/$3
00,000
Total Premiums $1,099,169
SECTION 2. The City Manager is hereby authorized to accordingly adjust
the budget and allocate the insurance expense to the appropriate enterprise and
other funds.
SECTION 3. The City Manager is hereby authorized to execute any
documents to effectuate such actions.
ADOPTED THIS 18th DAY OF MAY, 2011.
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. is a full, true and correct copy as was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on May 18, 2011 by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California
7
RENEWAL PROPOSAL
CITY OF PALM SPRINGS
Property, Liability and Excess Workers' Compensation
Renewal Proposal for the 2011-2012 Program Year
May 5, 2011
Presented By:
Ke 8",n' a n
JOHN STEPHENS
Senior Vice President
901 Calle Amanecer#200
San Clemente, CA 92673
Phone: (949) 940-1760,ext. 5161
Fax: (949) 369-0324
E-mafl:jstephens@keenan.com
Keenan
1,iCn,z�£'N 1 i 45 112,
2355 Crer hawmid 310 212-3344
Suite 200 .310 328-6793 fax Main
K e a 76rran,CA 90501 zrRrwk&-mnarn
P.Q Box 4328 L kEme Na 0451271
a t e.g Torrancp,C 4 90510
RECOMMENDED PROGRAM PREMIUM COST SUMMARY..................................................1
MARKET SUMMARY BY COVERAGE..................................................................................2
PROPERTY PROGRAM......................................................................................................5
DIFFERENCE IN CONDITIONS PROGRAM........................................................................9
FLooD&EARTHQUAKE................................................................................................................9
EXCESS LIABILITY PROGRAM........................................................................................10
EXCESS WORKERS'COMPENSATION PROGRAM ............................................................ 11
AIRPORT OWNERS AND OPERATORS LIABILITY............................................................12
AIRCRAFT LIABILITY AND HULL...................................................................................14
VILLAGEFEST-SPECIAL EVENT LIABILITY..................................................................15
MEDIALIABILITY..........................................................................................................17
CRIME INSURANCE PROGRAM.......................................................................................18
SUMMARY-BINDING COVERAGE OPTIONS..................................................................19
RECOMMENDED PROGRAM r SUMMARY
'r
$ 385,261 $ 410,000
Total Insisted Value I $ 433,400,406 $ 438,828 807
tv
.0889 $ .0930
T�►at�e�?enc�Yn,�nd�tiot� '°
AU'Lb ations Except P y
040o ess6� $ 144,550 $ 144,550
"3M $ 273,612 $ 286,881
$ 144,720 $ 129,600
bg
Es
�p� $ 71,173 $ 69,750
ltted Pyll $ 29,943,742 $ 27,484,617
5
RAte,Per I of ay o,l� ,' $ 226 $ 226
$ 35,381 $ 31,844
�,�. $ 12,212 $ 12,213
owme�- 'P�cafessa �llr11m $ 8,776 $ 7,899
Lia a�yIwo 71,
$ 4,145 $ 3,733
F` 3,046 $ 2,699
�� " $ 1,082,876 $ 1,099,169
x. �3 .1�
Above premiums are based upon the best rates achieved for a renewing program with similar
limits, terms and conditions as the expiring program Premiums will vary depending upon
the Citys final selection as the City may choose optional quotations or choose to waive
certain coverages.
All quotes and/or indications are subject to all terms and conditions included in other
sections of this proposal and actual policies.
Above premiums include taxes and fees
10
Keenan
MARKET SUMMARY BY COVERAGE
Travelers Quoted- Premium Rate of$0930
........ ........ ......... ......... ....... ......... ........ ........
DiFFERENCE IN CONDITIONS PROGRAM MARKET SUMMARY
Empire Indemnity
QBE Specialty
North East Insurance
Endurance American
Alterra Excess
Waste Water Treatment Plant-
$25,000,000 Limit Quoted- $286,880
All Other Locations —
$5,000,000 excess of$5,000,000 oted- $144 500
EXCESS COMPREHENSIVEGENERAL LIABILITY
Starr Indemnity&Liability Co. Quoted- $129,600
Navigators Insurance No Mize
Torus Specialty Insurance Not Comet w
Westchester Fire No Cw�w
Genesis Insurance $200,000 minimum premium
........ _._..--- ......... ......... ........ ........ ......... ........
Safety National Casualty Corporation Quoted —$69,750 (Quoted premium
includes $7,635 aircraft flat charge)
........ ......... ........ ........ ........ ........ ........ ........ .........
AIM)-owr LIABILITY&AIRCRAFT Huu.&LIABILITY PROGRAM MARKET
SUMMARY
ACE —Airport Liability Quoted- $31,844
Westchester—Aircraft Liability&Hull Quoted- $3,733
....... ........ ........ tY ........ ........
CRIME INSURANCE PROGRAM MARKET SUMMARY
Zurich Quoted— $2,699
....... ........ ........ ........ ........ ......... ........ ........ ......... ...
� a
Keenan
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CARRIER
r ■ RATINGSANDADmITTED STATUS
Carriers A.M. Best's Rating Admitted/
Effective Date Non-Admitted
ACE Property&Casualty A+XV affirmed Non-Admitted
Insurance Company 5/3/2010
Alters Excess and Surplus Ins. Co. A XIV affirmed Admitted
9/7/2010
Empire Indemnity(Zurich Financial) A+XV affirmed Non-Admitted
11/19/2010
Endurance American Insurance A XV affirmed Non-Admitted
Company 2/25/11
Everest National Insurance Company A+XV affirmed Admitted
7/29/2010
General Star National Insurance A++XV affirmed Non-Admitted
Company Berkshire Hathaway) 5/6/2010
Genesis Indemnity(Berkshire A+V affirmed Non-Admitted
Hathaway) 5/6/2010
Landmark American Insurance A XII upgraded Non-Admitted
Company 5/21/2010
Lexington Insurance Company(AIG) A XV affirmed Non-Admitted
12/20/2010
Nautilus (W.R-Berkley Co.) A+X affirmed Non-Admitted
4/11/2011
Navigators Insurance Company A X affirmed Non-Admitted
6/22/2010
North East Insurance Company A X affirmed Non-Admitted
4/1/2010
QBE Specialty A X affirmed Non-Admitted
10/1/2010
A X affirmed Admitted
Safety National Casualty Corp 12/13/2010
Starr Indemnity and Liability Co. A X affirmed Admitted
Everest National Insurance Company 8/26/10
Torus Specialty A XI affirmed Non-Admitted
10/26/2010
Travelers Insurance Company A+XV upgraded Admitted
6/8/2010
Westchester Fire Insurance Group A+XV affirmed Non-Admitted
5/3/2010
Zurich American Insurance Company A+XV upgraded Admitted
11/19/2010
Keenan
CARRIER
rrRATINGS AND
, , STATUS
Guide to Best Ratings
Rating Levels and Categories
Level Category Level_ Category Level Categ
A++, A+....Superior B,B..............Fair D................................Poor
A,A.........Excellent C++, C+...Marginal E...Under Regulatory Supervision
B++,B+..Very Good C, C ...........Weak F.....................In Liquidation
S..................Rating Suspended
Financial Size Categories
In$000 of Reported Pohc olders' Surplus Plus Conditional Reserve Funds
FSC I Up to 1,000 FSC IX 250,000 to
500,000
FSC II 1,000 to 2,000 FSC X 500,000 to
750,000
FSC III 2,000 to 5,000 FSC XI 750,000 to
1,000,000
FSC IV 5,000 to 10,000 FSC)GI 1,000,000 to
1,250,000
FSC V 10,000 to 25,000 FSC XIII 1,250,000 to
1,500,000
FSC VI 25,000 to 50,000 FSC XIV 1,500,000 to
2,000,000
FSC VII 50,000 to 100,000 FSC XV 2,000,000 or more
FSC VIII 100,000 to 250,000
Bests_Insurance Reports, published annually by A.M Best Company, Inc., presents comprehensive
reports on the financial position, history, and transactions of insurance companies operating in the
United States and Canada. Companies licensed to do business in the United States are assigned a
Best's Rating which attempts to measure the comparative position of the company or association
against industry averages. Copies of the Best's Insurance Reports on the insurance companies are
available upon your request. Keenan uses A.M. Best &Co.'s rating services to evaluate the financial
condition of the insurers whose policies we propose to deliver. The rating of the carrier and the year
of the publication of that rating are indicated above. Keenan makes no representations and/or
wananties concerning the solvency of any carrier, nor does it make any representation or warranty
concerning the rating of the carrier which may change.
........... _ _._............... __._........__._. ...._
� v
Keen an
045077 Sa,'1!R1 )7� C. %Fi 0�")'777 I )i?;SA 4 a<i:. ;a i
PROPERT�!!PROGRAM
1 Travelers Property i Casualty Company of Ametica
•est Rated:
City of Palm,Springs
July 1,2011 -July 1, 2012
p ........ .. ... ...................................................
$438,828,807
$ 410,000 Annual Premium(Includes TRIA$12,300)
$ .0930 Rate
eft ........ ......... ........ .........
$ 385,261 Annual Premium(Includes TRIA$10,763)
$ .0889 Rate
Replacement Cast except otherwise stated
........ ........ ......... ........ ............. ............
Earthquake 5% per unit $250,000
EQSL $ 10,000
Flood $100,000
Utility Services—Time Element 24 hours
Any other covered loss $ 10,000
Auto Physical Damage Fire Trucks Only $ 50,000
Deductible—Any other covered loss $50,000 $ 390,318
Ke"e n.a n
77
x:v >. '? `i ' r ,.,,.., y ,3 <.t::, zsr.?:. , . , to Yeir
Travelers Property
Best.
Coverage Sub-Limits
Electronic Data Processing Systems,Data&Med. $ 10,000,000
Accounts Receivable 10,000,000
Valuable Papers 10,000,000
Fine Arts 1,500,000
Newly Constructed or Acquired Property: 120 5,000,000
Outdoor Property including Debris Removal 1,000,000
Trees,Shrubs &Plants 5,000 per item
Covered Property at Undescribed Premises 5,000,000
Covered Property in Transit 1,000,000
Pollutant Cleanup 100,000 Aggregate
Ordinance or Law
Loss to the Undamaged Portion 25,000,000
Demolition Included
Increased Cost of Construction Included
Business Income $ 25,421,960
Ordinary Payroll: 30 days
Extended Business Income: 60 days
Civil Authority. 30 days
Dependant Property 250,000
Ordinance or Law--Increased Period of Rest 250,000
Newly Acquired Locations: 120 days 500,000
Claim Data 25,000
Extra Expense 5,000,000
Civil Authority: 30 days
Dependant Property 50,000
Ordinance or Law—Increased Period of Rest 50,000
Newly Acquired Locations: 120 days 50,000
Claim Data 25,000
Earthquake,Volcanic Eruption,Landslide&Mine Subsidence:
Occurring in California 5,000,000
Earthquake Sprinkler Leakage
Occurring in California 25,000,000
Flood within Zone A or Zones prefixed A 5,000,000
Flood- other than Zone V or Zones prefixed V 25,000,000
................ ........ ..............._ _..__ ....._......__.._._.._......_....__.. .__...._ ....... ...
{'7
Keen..an
t i
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Travelers Property&Castialty Company of
Boiler&Machinery:
Property Damage,in any one accident Included
Business Income,in any one accident Included
Extra Expense,in any one accident Included
Hazardous Substance,in any one accident:
Ammonia Contamination 250,000
Any Other Substance 250,000
Water Damage,in any one accident 250,000
Consequential Damage,in any one accident 100,000
Boiler&Machinery,maximum any one 100,000,000
accident, all coverages combined
Limited Fungus,Wet Rot& Dry Rot:
Direct Damage: in any one occurrence 1,000,000
Business Income &Extra Expense: 30 days 1,000,000
Property in the Course of Construction
Fire-Resistive or Non-Combustible 25,000,000
Wood Frame 10,000,000
Builders Risk Property at Temp Storage Locati 50,000
Builders Risk Property in Transit 50,000
Soft Costs 100,000
Reimbursement of Master Key Expense 100,0()0
Utility Services — Combined Direct Damage
&Time Element including Boiler 5,000,000
......... ...-..... ...... .. ................................................................................................................................................................................................................
Quote expires June 30,2011
TRIA is included in the premium
The policy will be adjusted Quarterly for any changes in values and
premiums
The policy will be subject to all mandatory state endorsements
......................... __.„.._.„....._ _.„........... --.... .. __ ._......... ... .....
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................................................................................................. ---------------------- .....wl........... ii.,:.�l,i,ii... .............
.. ...................... ...................... ...............................................................................
CARRIER: Travelers PrOperty&Casualty Company of Ame rica,
Admitted—A.M. Best Rated:A + XV
............
Supplemental Coverage Declarations
Property Coverage Form
Business Income Coverage Form Excluding Extra Expense
Extra Expense
Earthquake Sprinkler Leakage
Earthquake,Volcanic Eruption, Landslide &Mine Subsidence
Flood
Boiler&Machinery
Fungus,Wet Rot,Dry Rot&other cause of Loss Changes
Exclusion Nuclear Hazard War Military Action Electronic VMM&
Pathogenic
Exclusion of Loss Due to Virus or Bacteria
Builders Risk
Soft Costs
Reimbursement of Master Key Costs
Utility Services—Direct Damage
Utility Services - Time Element
General Conditions
Replacement Cost
Extra Expense Deductible
Claim Data Expense
High Hazard Earthquake Counties
High Hazard Earthquake,Volcanic Eruption,Landslide &Mine
Subsidence Counties
Exclusion Certain Computer Losses Due to dates or Times (Property
BM Coverages)
California Changes— Cancellation&Nonrenewal
California Changes
Notice to Policyholders—jurisdictional Inspections
Important Notice regarding Independent Agent&Broker
Compensation
Terrorism Risk Insurance Act of 2002 Disclosure
Cap on losses from Certified Acts of Terrorism
Earthquake Sprinkler Leakage
Property Coverage Form Changes
Per Policy Form
............................................................ .................................................. .. .. .............
1,
Keen"'W". .'
Lic0n"'Na 04.5127.1 A
DIFFERENCE IN CONDITIONS PROGRAM
Flood &Earthquake
All Locations Except Waste Water Treatment Plant
Excess Physical Damage - Earthquake &Flood
...... ......... .........
Alters Excess &S urplus Insurance Co.
Non-Admitted—A.M. Best Rated: A CV
July 1, 2011-July 1, 2012
$ 5,000,000 excess of$ 5,000,000 Per Occurrence/Annual Aggregate
........ ....... ........ .. ..
$140,000.00 Annual Premium
4,550;00„-Surplus Lines Tax&Stamping Fee
$144,550.00 Total
........ ........ ........ ........ ......... ........ .. ... ....
$ 144,550.50 (Premium including Taxes &Fees)
Replacement Cost except otherwise stated
.................................................................................................................................................................................................................................................................................... .................... ..............
.. . ...... ....
$ 100,000 per Occ- Flood
5% of Total Insured Value subject to $250,000 minimum per Occ-
...Earthquake
Waste Water Treatment Plant
Excess Physical Damage - Earthquake &Flood
...... ........ ........ ........ .........
Various
Non-Admitted-A.M._Best Rated:All Carriers Minimum Rating- A .
July 1,2011-July 1,2012
........ ........ ........ ........ _......__ ......... ........ .. .... .............................................................
$ 25,000,000 Per Occurrence/Annual Aggregate
....... ........ ........ ........ ......... ........ ........ ......... ........ ....
$277,250.00 Annual Premium
9,630.13 Surplus Lines Tax&Stamping Fee
$286,880.13 Total
$ 274,232.00 (Premium including Taxes &Fees)
Replacement Cost except otherwise stated
... ........ ........ ....... .
$ 100,000 per Occ - Flood
5% of Total Insured Value subject to $100,000 minimum per Occ—
Earth uake
9
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Starr Indenmity&Liability Co.
Excess Liability
July 1,2011 -July 1,2012
........ . . ........ ................................................ .......... ........ ........ ........ ........ ........ .. .............
Products &Completed Operations Hazard $10,000,000 Per Occurrence
Errors &Omissions Liability - Other
than"wrongful acts" of"personal injury
offense" or"advertising injury offense" $10,000,000 Per Occurrence
Employment Practice Liability Wrongful Act; $10,000,000 Per EPL Wrongful Act
Employee Benfit Liability $10,000,000 Per Emp Bnft.Wrongful Act
Products &Completed Operations Hazard $10,000,000 Aggregate
Errors and Omissions Liability - Other
than"wrongful acts" of"personal injury
offense" or"advertising injury offense" $10,000,000 Aggregate
Employment Practice Liability Wrongful Act $10,000,000 Aggregate
Employee Benefit Liability $10,000,000 Aggregate
$ 500,000 Anyone Employment Practice Liability wrongful Act
$ 400,000 All Other
$ 129,600
Quote is valid until 07/01/2011
TRIA coverage is available for Additional Premium of$2,592
No flat cancellations
25% Minimum Earned Premium
Please. refer to policy for exclusions &endorsements ,Optional Quotes:
$15,000,000 @ $146,796
$20,000,000 @ $160,329
$25,000,000 @ $171,754
Ke ena n
ExcEss WORKERS, COMPENSATION PROGRAM
"
CorporationSafety National Casualty
Workers' Compensation- Excess
Employers Liability
July 1,2011 -July 1,2012
k .
Wor ers ... .
' Co mpensatior. $ 50,000,000
Employer's Liability $ 1,000,000 each accident
$ 1,000,000 disease each employee
$ 1,000,000 disease limit
$ 1,000,000 Self Insured Retention
$27,484,617
...... ...............
$ 27,484,617 Estimated Payroll
0.226 Rate per$100 of payroll
$ 62,115 Premium
7,635 Aircraft
$ 69,750 Total Estimated Premiun
Minimum premium$63,539 (includes $7,635 flat aircraft charge)
California Mandatory Endorsement(s),If Applicable
Employers' Liability Maximum Limit and Aggregate Maximum Limit of
Indemnity
Policyholder Disclosure Notice of Terrorism Insurance Coverage
Employers' Liability Per Occurrence &Aggregate Maximum Limit of Liability-
California
Please refer to policy for complete endorsements &exclusions
Subject to final payroll/premium audit
Ex irin Premium: $71,173/ Payroll: $29,973,742 / Rate: .226
.._ ....._.. .._.................. ...... ._.................
20
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A r . r r AND
. r ' . r LIABILITY
ACE Propetty
Admitted—Best Rated-A+ XI
Airport Liability
July 1,2011 -July 1,2012
Ai
rport Premises $ 50,000,000 Per Occurrence
Products &Completed Operations $ 50,000,000 Aggregate
Personal Injury& Advertising Injury $ 50,000,000 Aggregate
Malpractice $ 50,000,000 Aggregate.
Dire Damage $ 100,000 Per Fire
Medical Expense $ 5,000 each Person
Hangarkeeper not "in flight" $ 50,000,000 Per Occurrence/Per Aircraft
Non-Owned Aircraft $ 50,000,000 Per Occurrence
Excess Auto $ 50,000,000 xs of$1 Mil any one. accident/occ.
Excess Employers Liability $ 50,000,000 xs of$1 Mil any one accident/occ.
Extended Coverage-War,Hi Jacked $ 50,000,000 Aggregate
and other perils
Each Occurrence or Offense- $1,000
Aggregate Deductible - $5,000
$ 31,844 (includes war&TRIA)
$ 35,381 (includes war&TRIA)
War +TRIA Combined premium of$ 3,539 is included in the annual premium
90 days notice of cancellation,non-renewal or reduction in coverage by
Insurer,but 10 days notice for non-payment of premium. This provision
does not override the Automatic Termination review or cancellation
provisions of endorsements AAP 203 or AAP 237
1.2 - ------------Keenan
-- ....,..........................
/. "N", 1 0451
ACE Property A Casu. Ity Ins. Co.
Admitted—Best Rated:A+ XI
The Airport Owners &Operators General Liability Policy contains, inter alia,the
following exclusion clauses:
War,Hijacking and Other Perils Exclusion Clause;
Noise,Pollution and Other Perils Exclusion Clause
Amendment of Noise and Pollution and Other Perils Exclusion
Extension-Specific Excess Liability Insurance - Automobile Liability
Immunity Waiver Endorsement
Extension-Specific Excess Liability Insurance - Employers Liability
Cancellation Notification Change- 90 days except for non-payment of
premium(10 days)
Airport Limited Enhanced Coverage Endorsement
Airport Liability Program Profit Commission (applies to the first$25M of
limit only,subject to regulatory approval)
Nuclear Risks Exclusion Clause
Volunteers Endorsement
Date Recognition Exclusion Endorsement
Date Recognition Limited Coverage Endorsement
Pollution Endorsement
Limited Terrorism Coverage Endorsement
Silica and Silica-Relaxed Dust Exclusion
Trade or Economic Sanctions Endorsement
Infringement of Copyright,Patent,Trademark, or Trade Secret Endorsement
Amendment to Supplementary Payments (Court Cost) Endorsement
California Changes - Cancellation and Nonrenewal
.............. ....._._. __ . __..
22
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A r r
CompanyAFT :L:1: AB: 1UTY AND HULL
Westchester Fire Insurance "
Rated:Admitted--:Best
Aircraft Liability and Hull-
1974 Cessna 182P N47PS
July 1,2011 -July 1,2012
.....
Aircraft Liability: $5,000,000 each occurrence limit
Medical Payments: $ 1,000 per person
Hull Coverage: $ 40,000
$ 100 Not in Motion
$ 500 In Motion
.. ...... ...........
$ 2,403 Liability Premium
1,330 Hull Premium
$ 3,733 Total Premium includes War&TRIA
$2,670 Liability Premium
$ 1,475 Hull Premium
$ 4,145 Total Premium includes War&TRIA
War/TRIA Combined premium of$ 292 is included in the annual premium
30 days notice of cancellation,non-renewal but 10 days notice for non-payment
of premium. This provision does not override the Automatic Termination review
or cancellation provisions of endorsements AC111 or AC112
_ _._ ...._... .................. ......... ..... . ._.... ._...._ __ __ .�......... ....
14
Ker' ,
....................... ........
i 7; k„
UAWLITY
7.7
CARRIER: Nautilus (W. R.. Berkley Company)
Special Event- General Liability
July 1,2011 -July 1, 2012
Special Event from 5,001-10,000 Daily Attendance.
Rate is $250 per week/year(52)
$ 1,000,000 Each Occurrence
$ 1,000,000 Personal&Advertising Injury
Included Products/Completed Operations Aggregate
$ 2,000,000 General Aggregate
$ 100,000 Damage to Rented Premises
$ 5,000 Medical Expense (Any One Person)
$ 1,000 Bodily Injury Per Claim(Including Costs and Expenses)
$ 1,000 Property Damage Per Claim(Including Costs and Expenses)
----- —- ............----..._
$ 13,000.00 Premium
350.00 Processing Fee
42_2.50 Surplus Lines Tax&Stamping Fee
$ 13,772.50 Total T
1,560.00 Less commission
$ 12,212.50 Grand Total
$ 12,213.00 (Including Taxes,Fees &Broker Fee)
Premium is annual and Deposit
25% Minimum Earned Premium
Premium is due in 15 days from Policy inception
Risk Placement Services Ins. is the only entity authorized to issue certificates of
Insurance
Terrorism premium is available for an additional$125 (fully earned)
Signed D-1 Form
Signed and dated ACORD Application &Special Event Application
Signed Policyholder Disclosure Notice of Terrorism Coverage
Inspection
1.5
Ke e ,a n
20 11-201.1 Pju-nun Ycc
.........................................
Nautilus (W. R. Berkley Company)
Non-Admitted—BestRated:A+ X
.11.11...........I I'll.,............................................................................... ...... . ............................... . . ............................................. ................................................. ........................
Amendment of Conditions- Premium Audit
25% Minimum Earned Premium Endorsement
Amendment of Definitions —Insured Contract
Limitation of coverage to Designated Operations
Service Suit—California
Cap on losses from certified acts of terrorism(if TRIA is elected)
Policyholder TRIA Disclosure (if TRIA is elected)
PerPolicy Form................................................................................................................................................................................................. ..............................................................................................
Nuclear Energy Liability Exclusion
Asbestos Exclusion
Silica or Silica-Related Dust Exclusion
Certain Computer Related Losses Exclusion
Total Pollution Exclusion
Employment Related Practices Exclusion
Punitive of Exemplary Damages Exclusion
Microorganisms,Biological Organisms,Bioaerosols or Organic Contaminants
Exclusion
Injury to Employees, Contractors,Volunteers &workers exclusion
Violation of Statutes Exclusion
Subsidence or Movement of Soil, Land,Bedrock or Earth- Total Exclusion
Terrorism Exclusion
Total Liquor Liability Exclusion
New Entities Exclusion
Intellectual Property Hazard Exclusion
Products Hazard Exclusion-Designated Products Excepted"Food and Beverages
provided or sold by event sponsor"
Exception to Terrorism Exclusion for Certified Acts— (if TRIA is elected)
Per PoL Form
......... .........................................................................
1.6
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Landmark American Ins. Co. (an Alleghany Company)
Non-Admitted—Best Rated: A X1 I
Professional Liability
Media Perils Policy Film&Program Producer
July 1,2011 -July 1,2012
Occurrence
$ 1,000,000 per Claim Limit
$ 1,000,000 Aggregate
$ 5,000 per Claim—applies to indemnity and expense
$ 7,650.00 Premium
248.63 Surplus Lines Tax&Stamping Fee
$ 7,898.63 Total
....... ........ ........ ........ .......................................................... ......... ..... ................
$ 8,776.25
... .... ... . ....... .........
Quote is valid until 07/01/2011
25% Minimum Earned Premium in the event of cancellation
No Flat Cancellations are allowed
Defense Cost are within the Limits of Liability
Signed D-1 Form
Signed.APP...lication.................................................
Additional Insured Endorsement....... ....
Service of Suit
CA State Fraud Statement
CA Surplus Lines Disclosure Notice
Media Perils Policy- Film&Program Producer
Minimum Retained Premium
Prior Knowledge Endorsement
Employment Related Practices Exclusion
Nuclear Energy Liability Exclusion
Per Policz Form
1.7 : fa
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CRIME INSURANCE PROGRAM
III"ipn,�I;yPI" y'' I�,Ipr I,
Crime
July 1,2011 -July 1,2012
.... ........ ........ ........ .......................................................... ........ ........
Employee Theft per Loss $ 1,000,000
Depositors Forgery&Alteration $ 100,000
Inside the Premises- Theft afMay
& smiritzes $ 300,000
Money Orders &Counterfeit
Paper Currency $ 100,000
Faithful Performance Included
$ 2,699
........ ........ ........ ........ ........ ......
Employee Theft per Loss $ 10,000
Depositors Forgery&Alteration $ 1,000
Inside the Premises - Theft of
Money&Securities $ 1,000
Money Orders &Counterfeit
Paper Currency $ 1,000
Faithful Performance Included
$ 3,046
....... ... .... ................................ .. . .......... _ ..... ....._.. . ...
Quote is valid until 07/01/2011
Quote does not include Robbery&Safe Burglary
Quote does not include Computer&Funds Transfer Fraud
........ ........ ........ ........
Government Crime Policy(Discovery Form)
L
ia Changes
thful Performance of Duty w/sublimit- $1 M limit; $10k SIR
ET21o22es,Treasurers &Tax Collectors
_ .. ..........
Keenan
' ' COVERAGE
LINE. CARRIER DE DUCTIBLE PREMIUM OPTIONS COVERAGES
TO BIND
SELECT
Travelers $10,000 $ 410,000 ❑
i
$50,000 $ 390,318 Deductible ❑
......... ........ ........ ........
Various Waste Flood$100,000
Water Treatment EQ$100,000 $ 286'881 $25M Limit El
Plant
...... .......
Various—All Flood$100,000 $ 144,550 $5M xs of$5M ❑
Other Locations EQ$250,000
Starr/ Everest $500,000 EPL $ 129 600 $10M ❑
....... ........ ........ ....... ......... ......................... ........
........ ......... ......... ......... .........
$ 146,796 $15M ❑
........ ......... ......... ......... ....... ..
$ 160,329 $20M
$ 171,754 $25M ❑
.... _.... .. ......
Safety National
Rate of$.226 $ 1,000,000 $ 69,750 ❑
Ace $1,000/$5,000 $ 31,844 ❑
........ .....
Nautilus $ 1,000 $ 12,213 ❑
Landmark $ 5,000 $ 7,899 ❑
American
..... ... ......... ......... .........
Westchester $100/$500 $ 3,733
Zurich $10,000/$1,000 $ 2,699 ❑
We have reviewed the information presented by Keenan & Associates in regards to
insurance coverage. Please bind coverage with the above selected options:
Authorized Signature: Date:
.9 �. 8
,
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