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HomeMy WebLinkAboutPO 6854: EXECUTE A SETTLEMENT OF AN AUTOMOBILE PHYSICAL DAMAGE CLAIM 4 ,_. City of - ort rthu�-- liill 7irxas INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: April 3, 2020 To: Ron Burton, City Manager From: Trameka A. Williams, Director of Human Resouris id v RE: A Resolution Approving a Property Damage Settlement in the Amount of$12,515.00 for Damages to City of Port Arthur Police Vehicle#2000 Nature of the request: On December 26, 2019, Police Vehicle #2000 was damaged when the operator was hit by a citizen who failed to yield the right of way on Houston Avenue. Staff Analysis, Considerations: The City has Physical Damage insurance coverage through Texas Municipal League Intergovernmental Risk Pool (TML) with a $2,500.00 deductible. TML has offered the City a settlement of$12,515.00, less the $2,500.00 deductible, making the final settlement offer $10,015.00 (Exhibit "A" attached). This amount is sufficient in exchange for the transfer of the title. If additional damages are discovered, TML may issue a supplemental payment. Recommendation: I recommend approval of Proposed Ordinance No. 6854 authorizing the property damage settlement against TML for damage sustained to Police Vehicle #2000 (2014 Chevy Tahoe). TML has offered to settle the claim for $12,515.00, less the $2,500.00 deductible, making the final settlement offer $10,015.00. This is considered a fair and reasonable settlement. Budget Considerations: The funds received will be deposited in the Miscellaneous Income- Insurance Proceeds Account#625-0000-369.85-00. "Remember we are here to serve the Citizens of Port Arthur" P.O. No. 6854 04/03/20 TAW ORDINANCE NO. AN ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE SETTLEMENT OF AN AUTOMOBILE PHYSICAL DAMAGE CLAIM IN THE AMOUNT OF $12,515.00 MADE AGAINST TEXAS MUNICIPAL LEAGUE INTERGOVERNMENTAL RISK POOL (TML) AS A RESULT OF THE PROPERTY DAMAGE TO POLICE VEHICLE #2000 WHEREAS, on December 26, 2019, City of Port Arthur Police Vehicle #2000 (2014 Chevy Tahoe) was damaged when it was involved in an accident; and, WHEREAS, as a result of the damage, a claim was filed with the Texas Municipal League Intergovernmental Risk Pool (TML); and, WHEREAS, it has been determined that damages sustained by Police Vehicle #2000 were in excess of the fair market value of the vehicle; and, WHEREAS, the TML has offered to settle the claim for $12,515.00, less the Automobile Physical Damage deductible amount of $2,500.00, making the final settlement $10,015.00, which is considered a fair and reasonable settlement. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That, the facts and opinion in the preamble of this Ordinance are true and correct. Section 2. That, the City Manager is hereby authorized to execute settlement in the amount of $12,515.00, less the Automobile Physical Damage deductible amount of $2,500.00, making the final settlement $10,015.00, for the claim against TML in substantially the same form as delineated in Exhibit "A", in exchange for transfer of title of Vehicle #2000 to TML. Section 3. That a copy of this Ordinance be spread upon the minutes of the City Council. P.O. No. 6854 04/03/2020 TAW Page 2 of 2 READ, ADOPTED, AND APPROVED this day of , AD, 2020, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Councilmembers NOES: Thurman "Bill" Bartle, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: //sly Val Tizeno, ity Atto -y APPROVED FOR ADMINI MW‘ Ronald Burton, City Manager " S`` f; s ,' a. SWORN STATEMENT PROOF OF LOSS (Automobile) Policy No 7587 Ctf No Policy Coverage at Time of Loss Automobile Physical Damage Company Claim No. A00000000116979 Date Issued October 01,2019 _Agent Texas Municipal League Intergovernmental Risk Pool Date Expires October 01, 2020 Agency At Austin,Texas To the Texas Municipal League Intergovernmental Risk Pool Of Austin,Texas 8y your policy of insurance described above, you insured Port Arthur (HEREINAFTER CALLED THE MEMBER)AGAINST LOSS OF OR DAMAGE TO THE AUTOMOBILE DESCRIBED AS FOLLOWS: TRADE NAME TYPE OF BODY MODEL MODEL DESCRIPTION (IF TRUCK STATE TONNAGE) (YEAR) VEHICLE IDENTIFICATION NUMBER of Chevrolet Truck-Sport Utility Tahoe 2014 1GNLC2E0XER172393 AUTOMOBILE TIME AND A loss caused by Collision with motor vehicle occurred on the 26th day of December 2019 .about the hour of .M,the full ORIGIN particulars of which are as follows: (State where and how it occurred) Member's vehicle was hit by OV who failed to yield right of way. TITLE AND The insured was the sole owner of the automobile at the time of the loss or damage and no other person had any interest therein,by INTEREST bailment lease,condition sale mortgage or other encmberance or otherwise,except OTHER At the time of this loss,there was no other insurance on said automobile covering the same perils except: INSURANCE USE At the time of this loss,the said automobile was being used for (PLEASURE,BUSINESS OR COMMERCIAL PURPOSE) and was not being used to carry passengers for compensation or rental or leased of for any illegal purpose except THE ACTUAL of the property described,the actual loss and damage sustained,and the amount claimed under this Policy are as follows: CASH VALUE CASH VALUE WHOLE LOSS AMOUNT DEDUCTIBLE AMOUNT CLAIMED UNDER THIS POLICY $12,515.00 $2,500.00 $10,015.00 SUBROGATION To the extent of the payment made or advanced under this policy,the insured hereby assigns,transfers and sets over to the insurance company all rights,claims or interests that he has against any person,firm or corporation Sable for the loss or damage to the property for which payment is made or advanced. He also hereby authorizes the insurance company to sue any such third party in his name The insured hereby warrants that no release has been given or will be given or settlement or compromise made or agreed upon with any third party who may be liable in damages to the insured with respect to the claim being made herein The said loss or damage did not originate by any act,design or procurement on my/our part nor on the pan of anyone having interest in the property insured,or in the said policy of Insurance;nor in consequence of any fraud or evil practice done or suffered by me/us and that no property saved has in any manner been concealed. It is expressly understooa and agreed that the furnishing of this blank or the preparation of proof by a representative of the above insurance company is not a waiver of any of its rights. State of X County of INSURED. Subscribed and sworn to before me this day of PAYMENT AUTHORIZATION NOTARY PUBLIC. Insurance Company, is hereby requested,authorized and empowered to pay.at its option,as follows: To The sum of$ _ To The sum of$ _ To The sum of$ Amount Claimed Under Policy$ Wtn -. • Address TEXAS MUNICIPAL LEAGUE INTERGOVERNMENTAL RISK POOL TITLE curtness ,Tekage78714-9194 • www.tmlirp.org Address: By PROPOSED AGENDA ITEM PRE-APPROVAL PROCESSING FORM DATE OF SUBMISSION: 3-Apr-20 PROPOSED AGENDA DATE: 14-Apr-20 DEPARTMENT: Human Resources SUBMITTED BY: Trameka Williams SIGNATURE P.R. or P.O. Number: 21350 SUBJECT: Renewal of Windstorm Insurance Renewal May 1,2020 -May 1, 2021 Account : 612-1702-581.52-00 PRE-APPROVAL SIGNATURES DEPARTMENT HEAD: OAAJC dLtL14'1u2 Signature PURCHASING MANAGER: Signature (for procurement only) FINANCE DIRECTOR: ceC ' Sign;ture (for ';lad of funds only) CITY MANAGER: 401, A Sign, HAS A COPY BEEN GIVEN TO THE CITY SECRETARY'S OFFICE? ❑ YES ❑ NO ***THIS FORM MUST BE COMPLETED AND ATTACHED TO YOUR PROPOSED RESOLUTION AND/OR ORDINANCE PRIOR TO SUBMITTING TO THE CITY ATTORNEY'S AND CITY SECRETARY'S OFFICE FOR THE AGENDA. ***REQUIRED SIGNATURE OF THE DEPARTMENT HEAD ON THE PROPOSED RESOLUTION/ORDINANCE VERIFIES THAT THE DOCUMENT HAS BEEN REVIEWED AS TO GRAMMAR, CONTENTS,ETC. City f 1.10 or/ rIItur /rias INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: April 3, 2020 To: Ronald Burton, City Manager cetloFrom: Trameka A. Williams, Director of Human Re RE: A Resolution Authorizing the Purchase of Windstorm Coverage Renewal from USI — Effective May 1, 2020 Nature of the request: This insurance provides Commercial Windstorm coverage for all City properties in the event of Windstorm damage (hurricane, tornado, etc.) with an aggregate limit of $20,000,000 per occurrence. The total estimated value of listed City properties is $202,768,678. The annual renewal amount for the coverage for the period of May 1, 2019 to May 1, 2020 is $701,391.61. This amount represents an approximate increase in the amount of $117,664.06 when compared to last year's annualized premium of$583,727.55. In the past, City Council has opted, due to cost restraints, to cover only $15,000,000 of listed City properties, assuming, in the case of catastrophic disaster, the Federal Government will provide additional assistance necessary to replace such facilities. This policy will provide coverage of$20,000,000 per occurrence. A named storm carries a deductible of three percent of the total insurable value per affected unit, subject to a $25,000 minimum/$1,000,000 maximum per named storm, or a$25,000 per occurrence deductible(wind/hail) for a non-named storm. Staff Analysis, Considerations: The City advertised for bids for Windstorm coverage. One agency requested and received a bid packet. One response was received back and was analyzed by RWL Group, The City's Risk Management Consultant. RWL Group and City staff recommend that the City accept the Commercial Windstorm bid received and underwritten on a quota share basis by certain Underwriters at Lloyd's of London, Starr and Sompo Endurance for $20,000,000 limit per occurrence, with USI Southwest, Inc. which provides coverage on all City properties, including streetlights and the Water Treatment Plant. "Remember we are here to serve the Citizens of Port Arthur" Recommendation: I recommend approval of Proposed Resolution No. 21350 authorizing the purchase of Commercial Windstorm Insurance (limit of $20,000,000 per occurrence) with a projected budgetary impact of $701,391.61, underwritten on a quota share basis by certain Underwriters at Lloyd's of London, Starr and Sompo Endurance from USI Southwest, Inc. This amount represents an approximate $117,664.06 increase when compared to last year's annualized premium of$583.727.55. This is considered to be fair and reasonable. The damages sustained during Tropical Storm/Hurricane Harvey were less than the $20,000,000 limit carried. The proposed $20,000,000 limit is recommended as sufficient for coverage. Budget Considerations: General Liability Insurance Fund #612-1702-581.52-00, $701,391.61 "Remember we are here to serve the Citizens of Port Arthur" P.R. No. 21350 04/03/20 TAW RESOLUTION NO. A RESOLUTION AUTHORIZING THE PURCHASE OF COMMERCIAL WINDSTORM COVERAGE IN AN AMOUNT NOT TO EXCEED $701,391.61 PER ANNUM PROPOSED FUNDING BY: General Liability Insurance Fund 612-1702-581.52-00 $583,727.55 WHEREAS, bid specifications pertaining to the insurance coverage specified below were made available to interested parties on January 13, 2020, and sealed bids for the same were accepted until 3:00 p.m. on March 4, 2020 (at which time all bids were opened and read aloud) in accordance with State law and the City Charter; and, WHEREAS, one (1) bid was received back and subsequently reviewed, as shown in Attachment "A" (attached); and, WHEREAS, after due consideration, RWL Group and City staff recommends that the City bind Commercial Windstorm Insurance (limit of $20,000,000 per occurrence) underwritten on a quota share basis by certain Lloyd's of London (Primary $5,000,000), Starr (Excess of Primary 66.67% of $15,000,000) and Sompo Endurance (Excess of Primary 33.33% of $15,000,000) from USI Southwest, Inc. with a projected budgetary impact of $583,727.55 per annum. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS: Section 1. That, the facts and opinions in the preamble are true and correct. Section 2. That the City Manager is hereby authorized to purchase an insurance contract and bind coverage for Commercial Windstorm Insurance (limit of $20,000,000 per occurrence) underwritten on a quota share basis by certain Lloyd's of London (Primary $5,000,000), Starr (Excess of Primary 66.67% of $15,000,000) and Sompo Endurance (Excess of Primary 33.33% of $15,000,000) from USI Southwest, Inc. with a projected budgetary impact of $701 ,391 .61 per annum, with a deductible of three percent of the total insurable value per unit of insurance, subject to a $25,000 minimum/$1 ,000,000 maximum per named storm, or a $25,000 per occurrence deductible (wind/hail only) for a non-named storm. Section 3. That the City Manager is hereby further authorized to execute all necessary instruments on behalf of the City of Port Arthur, with approval of the City Attorney, and to make payment of necessary premiums to bind coverage effective May 1, 2020, pending receipt of the Contracts of Insurance. Section 4. That, a copy of this Resolution be spread upon the minutes of the City Council. READ, ADOPTED, AND APPROVED this day of , AD, 2020, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , Councilmembers NOES: . Thurman "Bill" Bartle, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO THE AVAILABILITY OF FUNDS: Kandy Daniel, Interim Director of Finance APPROVED AS TO FORM: A/ AlAr/i Val Tizeno,C' y Att. ey APPROVED FOR AD ► TRQQT ION: Ronald Burton, City Mana.el. Attachment "A" R JTJJGRO1JP Independent Risk Management and Insurance Consultants 300 N. Coit Road,Suite 810,Richardson,Texas 75080-5456 Phone:972-907-9095 Fax:972-907-9198 E-mail: rwlgroup@rwlgroup.com Internet:www.rwlgroup.com 2020 WINDSTORM RFP RESPONSE ANALYSIS AND RECOMMENDATION MARCH 13,2020 Currently, the City's wind coverage is $20,000,000 per occurrence subject to a 3% per occurrence deductible, minimum $25,000, maximum $1,000,000 for named storm wind, and $25,000 deductible for all other wind losses. The premium at inception for this coverage was $583,727.55. Although four agents requested market assignments, only the incumbent agent, USI, provided a response to the 2020 Wind RFP. A broker interview was not held this year for various reasons, not the least of which is the COVID 19 problem facing the Country this year. However, we did discuss the RFP response with USI and requested: 1) Premium relief for the one options that was quoted, which was the same limits, terms and conditions as the expiring program, but with a $2,000,000 maximum named storm deductible rather than $1,000,000; 2) an option for a $1,000,000 maximum named storm deductible at the $20,000,000 loss limit; and 3) an option for a $15,000,000 loss limit with a 3% named storm deductible, subject to a $25,000 minimum and $1,000,000 maximum. Following our discussion, USI approached their underwriters and was advised that there was no premium relief available on the initial offering submitted. However, the underwriters did provide quotes for the additional two options as requested. The $20,000,000 per occurrence limit with 3%, minimum $25,000 maximum $1,000,000 deductible option was priced at $720,578.05, which is only $19,186 more than the maximum $2,000,000 deductible option; and the $15,000,000 per occurrence limit with 3%, minimum $25,000 maximum $1,000,000 deductible option was priced at $694,377.61. Each option includes $5,000,000 excess flood coverage. Considering the limits and coverages offered, I feel either the $20,000,000 loss limit with the 3% minimum $25,000 deductible/$1,000,000 maximum deductible, or the $15,000,000 loss limit with the 3% minimum $25,000/$1,000,000 maximum deductible would serve the City's needs. If the City is focused on maintaining the $20,000,000 limit, the lower deductible is in the City's best interest. If the City is focused on budget concerns, the $15,000,000 loss limit is the better option. Keep in mind that although the damage from Harvey exceeded $20,000,000 almost all of the damage was caused by flood, not wind. 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