FY 2021-22 Insurance Projections

City of Glendale — Regular Meeting (2021-06-08)

View PDF Item 7 Meeting page

Extracted text (via ocr_local) 1974 characters
Glendale Renewal Budget Projections 2021/2022

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Alliant Property Insurance Program (APIP)
i All Risk Property Program Includes Property, Boiler &
_ Machinery, Earthquake, Flood, Auto, Cyber Liability,
and Pollution Liability coverages

BBR -Cyber Enchantment over APIP for Notified
Individuals- (250,000 Notified Lives)
ACES Alliant Cyber Excess Solutions $3M XS $2M
ACES Alliant Cyber Excess Solutions $5M XS $5M
($10M total cyber limits)

Excess Liability $1M SIR with $40M Excess Policy Limits

Special Liability Insurance Program (SLIP)
Regional Public Safety Training Center
Airport Liability Airport Owners’ and Operators’
Liability (3 Year Policy

Alliant Crime Insurance Program (ACIP) Crime
Fiduciary Liability

Premises Pollution Liability

Line of Coverage

Excess Workers’ Compensation and
Employer’s Liability (Self Insured Retention $2M)

7/1/2021

7/1/2021
7/1/2021
7/1/2021

7/1/2021

9/29/2021

1/26/2021

7/1/2021
7/10/2021
8/15/2021

Renewal Date

7/1/2021

Various Including - Lexington

Beazley-Lloyds
Axis
Beazley-Lloyds

1. $10M Safety National

2. $10M X $10M AWAC

3. $ 5M X $20M Hallmark

4. $10M X $25M Navigators

5.5 5M X $35M Great American

Great American E&S Insurance
Company

ACE Property and Casualty
Insurance Company (Chubb)
National Union Fire Insurance
Company (AIG)

Hudson Insurance Company
Allianz Interstate Fire & Casualty
Company
Total:

Carrier

Safety National Casualty
Corporation

$722,385

$o
$25,946
$61,250

$950,039

$6,317

$8,995

$28,011
$12,562
$22,231

$1,837,736

2019/2020
Program Cost (Annual)

$230,349

41.25% to 45.3% $1,020,369 to $1,049,625

0.00% $0
150% to 300% $64,865 to $103,784
150% to 300% $153,125 to $245,000

60.87% $1,528,328
15.00% $7,265
15.00% $14,760
10.00% $30,812.10
14.27% $14,355
30.00% $28,900
55.73% to 64.43% $2,861,831 to $3,021,881
7 2020/2021 =
9
Estimeted \Change Estimated Program Cost E |
18% to 50% $271,812 to $345,524