Risk Management Advisory Committee Minutes recorded 1-11-12Risk Management Advisory Committee
Minutes Reviewed and approved.
Overall Update- Changes made to schedules are that 5% RMSF have been included in numbers
Discussion of entity renewals
Airport Authority:
Pollution is always included in Hull/ P&I which was added when the boat was quoted
Airport had issues with this; therefore a form was created acknowledging the rejection
of pollution coverage
Flat or 5% renewal for airport operators which renews in August
Package w/NCACC- doesn’t write GL; Property Insurance is major reason NCACC is used for Airport
due to wind coverage
Workers Compensation getting other quotes due to high premium w/NCACC; may save $1000’s
Board of Education- is large enough to be self-insured for WC; agency was
changed
Safety officer has quarterly meetings; focus on cafeteria workers
Rest of policies are routine; garage liability also covers non-owned buses/vehicles etc
Southeastern Center
for MH- auto exposure has reduced; NCACC is main reason for Property due to Wind; similar to Airport
Very few claims
NHSWCD: created by General Statute; under county policy insured for
general liability; has own WC policy; getting a quote on own Package policy (NCACC says they’re too small to cover)
NHC
No coverage for Sheriff Helicopter
Bonds for Finance Director,
ROD, Sheriff
Package w/ Travelers
Crime is separate policy
Airlie Gardens Flood Policy-not in flood zone
Discussion of Library Room Appraisal to add to Museum IM
Sheriff Hull- more training;
this is separate from Fire Services Hull
Health Dept. Professional Liability- unique because statewide policy; additional coverage due to a claim
YES Professional Liability
Other policy
quotes are still coming in; will be updated at next meeting
WASTEC- unknown future
Budget for deductibles- WC TPA w/Key Risk has been renewed
Discussion of financial reports for NCACC:
Liability & Property Pool for Airport and SCMH; NCACC Workers Compensation Pool
11:00 am: Presentation by Travelers Representative:
More Employment Practices Liability claims are occurring
There are many assets to an organization available, such as- Claims are available for viewing online through advancement in technology
Improve
ment of website – TA
Proposal to sign up safety committee on website
COW- Participant- All wind has 5% deductible; any relief on that? Is verified by another attendee
Moore and Johnson
presented the renewal for New Hanover County:
25% increase in law enforcement head count, possibly because incorrectly reported last year.
4% increase in auto.
Total overall increase
9.6 %
Trying to get insurance company to manuscript a form to cover confiscated property from law enforcement. Will advise decision at a further date.
Loss limit for storm is $25,000,000
In
the future we may want to quote Cyber Liability
Presentation from Glatfelter:
Discussed Claims management
Discussed Wind coverage, $10 mil wind limitation with a 1% deductible or a $30
mil limitation with a 5% deductible, not a named storm deductible, just wind coverage.