HomeMy WebLinkAboutAgenda Report - July 6, 1983 (53)Council was apprised that the following quotations have beer
received by Max Elson Insurance, the City's Agent of Record,
frau five firms seeking to handle the City's
Excess Workers
'-
Cmvensation Insurance, which expires July
1, 1983.
_
3 C�
Deposit &
U
Cmpany Limit Min. Prem.
Rate
��-
fltployers Reins. $5,000,OOC $ 10,000.
.159
General Reininsur. 5,000,000 12,000.
.190
Allianz 5,000,000 11,330.
.130
Shand Morahan 5,000,000 11,520.
.183
Indus.U-Oerwriters Statutory 18,263.
.290
RENEWAL OF
Based on Staff's reccmrendatioxi, Council, on motion of
EXCESS WDRT(ERS
Council Member Pinkerton, Snider second,
accepted the
COMPENSATION
proposal frcm Erployers Reins. Corporation for Excess
DISURANCE POLICY Worker's Ccnpensation Insurance for F.Y. 1983-84 as
heretofore set forth.
We -have.;rec®ived quotutions-"from Max Elson Insurance
_ h
from five fires ° to' "h►ldle the City's "Excess Workers
Compensation insurance, which expires ,;uly 1, 1983.
Attached is Mr. Elson's letter listing the quotations,
an&`3ndicating.. his recommendation ,,that the. City
retain Employers Reinsurance Corporation,- our current
- -
e
carkb' r"which-0Ys" the lowest `,cost: 4=
r ,
We know of no reason not to retain the same fi=,;
especially in light of the fact that their premium is
a reduction from last year's: In order, to retain our
insurance,, we have executed 41 bander. 21tphoy�rs
?. =
ReijoUrance,;Corporation , and...iirongly. recc ml d that
Council accept their proposal for`Excesv orkers Cone
i
-er ..
penP.'"tiosz' Insurance for Fiscal Year 19 3=8 .
142MY,
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r,istantCity#I�anag.er,y
JLG i vc.
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attachment _
ci►!�.
G
June 16,. 1983..
Mr. Jerry..L. Glenn
Assistant City Manager
CIT,Y_'.OF LO,DI
221 M. P 'rte::; St.
Lodi_, CA 95240
Re: Excess Worker's Compensation
Employers Reinsurance.:#C-22245 =
w
Expiring; 7'-1-83 .:: ...,
Dear Jerry
a `
Me have $e nsideration on: th/PW
rs Excess.Nbr ,'Tatpensat3o
The vus figures are:
Any r� Rate
r . a
� �` �..` 4:• s . x # a �R. -
�r- jr R4 5#00�; 1 54 2
1 5 ly fi S
�f 1 tea_;.. q s•+ s-4h f ;
Allis
Shand han
_mw kll
F
_ _ardustrialderwriterk. Sxa lto`ys' 63 -290
,<7,� Y'
II°il quotes but'; t rarahan cdntain�=na�.,
X100 000 'Salt* 'Insuredtetention; `Shandior�ifi�n cor18 hst-
`�- - ^ c{ .titit a cY P sd } t n. '^.r ;.xra4.y
- _ ._. ` .
�►
$125 , 000 SIR • T 4 r r �5t -g�+p�'�Tn���N�3
-
As your turirentTcafriere_.Empaoyers� R+�iWs�it��gcy�
-- c , - rof} �. P+, ,fa...aa. �f ;N'�r"
- .-
on is the ToNest cost, I wou d,�ecoe d that i:he
Cpuno`il accept their proposal
` � n� �.' ib � < •cr � -,.- ,+a�yr'r��� ,."`z�.r .u�"�a �' i met`
... r
I' mi ht also point outthat thi Yis',,a reduon�of.t1883`�=�Y
gg i Y r,, r•' x >rris- a rAR, rFF. 'i"dt�a'.
in Lite rate which, on a projecfiedroT o,0i00Qt-��
i amounts. to a.`55563 saving'st for tfie:Ciiy,.
42
If ynu have any questions on `this, ptEa3t flettt0.1 'ekni�r
Gil F tSf k L
Gest regards,
.SON Y ,1
�. -rte.... '-C•� .M xr u- 7 n- +. ro .f �����5�� s �� 'r F � '.: , •,
'i�tr Y� .?ia°�•': a Lr. � ."• ` F �����r«F'3�,.t ^t"'' y `L�
'rrj, 'S''�r' "` r f`' �w2; l+Y Q •e ,� '� y„'`'s,k�""
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