June MEETING MINUTESMEETING MINUTES:
New Hanover County Risk Management and Insurance Advisory Board
BUSINESS:
Review and discuss the renewals for New Hanover County, City of Wilmington and the Board of
Education
TIME AND PLACE:
June 4, 2015, 9:00 a.m.
New Hanover County Government Center
230 Government Center Drive, Suite 125-A
Wilmington, NC 28403
ATTENDANCE:
Committee members
and staff in attendance:
George Chadwick III
Deborah Watts
Jennifer Stancil – Risk Manager
Bonita Carr – Risk Management Specialist
Lisa James – Risk Management Technician
Committee
member not in attendance:
Ron Woodruff
Guest in Attendance:
None Present
ORDER OF BUSINESS:
Risk Manager, Jennifer Stancil asked the members to review the Minutes of the November
20, 2014 meeting and advise of any corrections or additions, of which there were none.
Risk Manager and Advisory Committee discussed the renewal premium quotes for the City of Wilmington.
Points of discussion: A. The increase in premium on the General Liability coverage due to increase in claims. B. EPL coverage was not included under the Umbrella coverage and it will
be added. C. Property coverage premium increased by 1%. D. Workers Comp premium increased by 5% due to increase in payroll. Retention amount also increased to $450,000/$750,000. We also
tried to get quotes but could not find a carrier that would give retention of less than $500,000/$750,000.
Risk Manager and Advisory Committee discussed the renewal premium quotes for
New Hanover County. Points of discussion: A. Auto liability premium increased by 3% due to the increase in claims. B. Quotes received on the auto collision to increase the
deductible from $2500 to $10,000 and this was only a savings of $2300. C. Property quotes with AmWins that is reducing the premium. Written with Amrisk and layered coverage. D. Discussed
changes that are going on at WASTEC. E. Still pending the quotes from VFIS on Fire Services coverages.
Risk Manager and Advisory Committee discussed the renewal premium quotes for Board
of Education. Points of discussion: A. There is an increase in the auto premium. Jennifer is going back to agent to see if she can get a lower rate to decrease the premium. B. Discussed
the Flood policies and the changes with the Flood program. C. Jennifer will be presenting the BOE with a quote for Cyber Liability at the renewal meeting. D. The General Liability policy
that the BOE currently has with the State does not cover watercraft over 35 feet. Jennifer is getting quotes for a non-owned watercraft policy that will cover this exposure.
Risk
Manager, Jennifer Stancil discussed with the Board about our software issues.
Risk Manager, Jennifer Stancil discussed with the Board that Cape Fear Public Utility Authority will not
be renewing their contact with Risk Management for 7/1/2015.
Risk Manager, Jennifer Stancil discussed that she is not sure if Cape Fear Community College will be send out a RFP at this
year’s renewal due to all the changes with Management personnel that they have had this year.
Risk Manager, Jennifer Stancil advised the Board that there is an open position with this
Board and if they knew anyone that may be interested to let her know.
Risk Manager, Jennifer Stancil asked if there were any other items or business to be brought before the Committee.
There were none and the meeting was adjourned at 10:45 a.m.