FROM: James D. Herberg, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
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INSURANCE RENEWAL MARKET OVERVIEW
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Information Item.
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BACKGROUND
Alliant Insurance Services is the broker for the Orange County Sanitation District (OC San) and is working on the 2022-23 insurance renewal. Alliant is in the process of soliciting quotes for the various types of insurance carried by OC San and evaluating the market. They will provide an update and presentation on the current market conditions at the May Committee meeting with final quotes being presented at the June Committee meeting.
PRIOR COMMITTEE/BOARD ACTION
At the February 2022 Administration Committee meeting, staff provided an informational presentation on OC San's major insurance policies which included the following. OC San's budget provides funds for the renewal of the following four (4) major insurances for OC San operations:
1) Excess General Liability Insurance
The OC San Excess General Liability Insurance Program is currently provided through the Alliant National Municipal Liability Program (ANML). OC San has participated in the ANML, and its predecessor namesake, the California Municipal Excess Liability Program (CAMEL), since FY 1996-97.
This program currently provides OC San with a $40 million dollar limit of comprehensive coverage for municipal liability, bodily injury and property damage, and personal injury. The program was structured to also include Employment Practices and Public Officials Errors & Omissions coverage. The $40 million dollar coverage has a self-insured deductible of $750,000. Since 1997, the Employment Practices portion of coverage has been enhanced from a $2 million dollar sub-limit to the full policy limit of $40 million dollars.
As part of the renewal process, OC San will look at various retention and coverage levels for the Excess General Liability Pr...
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