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HomeMy WebLinkAboutPR 23631: SETTLEMENT CLAIM OF $82,369.31 MADE AGAINST VARIOUS INSURANCE CARRIERS THROUGH USI SOUTHWEST, INC., WINDSTORM DAMAGE TO THE BABE ZAHARIAS GOLF COURSE BRIDGE AND RESTROOM s„,,,,,,,,,„, ,, ,,„,,,.•.,„.,,, ,,„_ EnurlR3' (-1tv Crf Cft, %%� i i;\ \,\~` I, ort rthur Ti la, ' INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: March 8, 2024 To: Ronald Burton, CPM, City Manager From: Trameka A. Williams, Director of Human Resources RE: Resolution Authorizing The City Manager To Execute The Settlement Of A Claim In The Amount of $82,369.31 Made Against Various Insurance Carriers Through USI Southwest, Inc. As A Result Of Windstorm Damage To The Babe Zaharias Golf Course Bridge and Restroom (3500 75th Street) Nature of the request: On January 24, 2023, a wind related occurrence damaged the Babe Zaharias Golf Course bridge and restroom. During the event, high winds and rain disconnected the rails on the south bridge of the golf course. The damage to the restrooms was minimal to the roof Staff Analysis, Considerations: The City has windstorm insurance through USI Southwest, Inc., for which a claim was filed for said damages. USI Southwest, Inc., and its subsidiary layered carriers (Mt. Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's, Landmark American Insurance Company, and Certain Underwriters at Lloyd's) for damages. Mt. Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's ($13,730.96), Landmark American Insurance Company ($41,184.66), and Certain Underwriters at Lloyd's ($27,453.69) has offered to settle the claim for $82,369.31, which has been determined to be a fair and reasonable settlement. Recommendation: I recommend approval of Proposed Resolution No. 23631 authorizing the property damage settlement against USI Southwest Inc., and its layered carriers for wind-related damages to the Babe Zaharias Golf Course and restroom. (3500 75th Street). USI Southwest, Inc. has offered to settle the claim for $82,369.31. This is considered a fair and reasonable settlement. Budget Considerations: The funds received will be deposited in the Insurance Proceeds Account#HINGF (General Fund for Insurance Proceeds). "Remember we are here to serve the Citizens of Port Arthur." P.R. No. 23631 03/07/24 TAW RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $82,369.31 MADE AGAINST VARIOUS INSURANCE CARRIERS THROUGH USI SOUTHWEST, INC. AS A RESULT OF THE WINDSTORM DAMAGE TO THE BABE ZAHARIAS GOLF COURSE BRIDGE AND RESTROOM (3500 75T" STREET) WHEREAS, on January 24, 2023, a wind related occurrence damaged the Babe Zaharias Golf Course bridge and restroom; and, WHEREAS, as a result of the damage, a claim was filed with USI Southwest, Inc, and its subsidiary layered carriers (Mt. Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's, Landmark American Insurance Company, and Certain Underwriters at Lloyd's) for damages; and, WHEREAS, Mt. Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's ($13,730.96), Landmark American Insurance Company ($41 ,184.66), and Certain Underwriters at Lloyd's ($27,453.69) has offered to settle the claim for $82,369.31 , which has been determined to be a fair and reasonable settlement. 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 execute settlement in the amount of $82,369.31 for the claim against USI Southwest, Inc, and its subsidiary layered carriers (Mt. Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's ($13,730.96), Landmark American Insurance Company ($41 ,184.66), and Certain Underwriters at Lloyd's ($27,453.69). This amount is based on an estimated cost for wind-related repairs; therefore, if additional wind-related costs are incurred, USI Southwest, Inc. and its subsidiary layered carriers may issue a supplemental payment. Section 3. That, a copy of this Resolution be spread upon the minutes of the City Council. READ, ADOPTED, AND APPROVED this day of , AD, 2024, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , Councilmembers NOES: Thurman Bill Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: (12/ A---. J s Black, Interim City Attorney APPROVED FOR ADMINISTRATION: Ron Burton, CPM, City Manager 1 EXHIBIT "A" S2,500,000.00 MWC0600932 /523965 AMOUNT OF POLICY AT SWORN STATEMENT POLICY'CLAIM NUMBER TIME OF LOSS IN PROOF OF LOSS 05/01/22 TO THE Boca Raton.Florida ISSUED AGENCY AT 05/01/23 CRC Insurance Sersices Inc EXPIRES AGENT Mt.Hawley Insurance Company and Renaissance Re Syndicate 1458 Lloyd's of Peoria,Illinois At time of loss, by the above indicated policy of insurance our insured City of Port Arthur against loss by All Risk to the property described under the above policy,according to the terms and conditions of the said policy and all forts,endorsements,transfers and assignments attached thereto. TIME AND A Hind loss occurred on the 24th day of January,2023 ORIGIN The cause and origin of the said loss were: CAT 16- Windstorm OCCUPANCY The building described,or containing the property described,was occupied at the time of loss as follows, and for no other purpose whatever: Golf Course Bridge and Restrooms TITLE AND At the time of the loss the interest of your insured in the property described therein was: OWNER INTEREST No other person had any interest therein or encumbrance thereon,except: N/A CHANGES Since the said policy was issued there has been no assignment thereof,or change of interest,use,occupancy, possession,location or exposure of the property described,except: None Known TOTAL THE TOTAL AMOUNT OF INSURANCE upon the property described by this policy was,at the time of INSURANCE the loss, 52,500,000.00 as more particularly specified in the apportionment attached under the policy besides which there was no policy or other contract of insurance.written or oral,valid or invalid. VALUE THE ACTUAL CASH VALUE OF said property at the time of loss was Not Determined LOSS THE WHOLE LOSS AND DAMAGE to date was S 107,369.31 DEDUCTIBLE Less the APPLICABLE DEDUCTIBLE $ 125,000.00) AMOUNT THE AMOUNT CLAIMED at this time S 82,369.31 CLAIMED AMOUNT THE AMOUNT CLAIMED under the above numbered policy is 16.67% S 13,730.96 CLAIMED The said loss did not originate by any act,design or procurement on the part of your insured,or this affiant:nothing has been done or with the privity or consent of your insured or this affiant,to violate the conditions of the policy,or render it void:no articles are mentioned herein or in destroyed or damaged at the time of said loss:no property saved has in any manner been concealed,and no attempt to deceive the said company, as to the extent of said loss,has in any manner been made. Any other information that may be required will be furnished and considered a part of this proof. Fraud Warning:It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines.In addition,an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant" The furnishing of this blank or the preparation of proofs by a representative of the above insurance company is n 'ver of ny f its rights. State of C41"7 CiJ X County of Vj'p� 7-son nsurcd Su ribed rn t r4 me this �1 day of Dui 2023 I Notary Public I ;;�11.111I,�; TRAMEKA WILLIAMS •w _ NOTARY PUBLIC,STATE OF TEXAS ' COM.EXPIRES 01/22/2025 oF, NOTARY ID #1218224-7 S2,500,000.00 LHD924125 /7030178012 AMOUNT OF POLICY AT SWORN STATEMENT POLICY-CLALM NUMBER TIME OF LOSS IN PROOF OF LOSS 05/01/22 TO THE Boca Raton,Florida ISSUED AGENCY AT 05/01/23 CRC Insurance Services Inc EXPIRES AGENT Landmark American Insurance Company of Atlanta,Georgia At time of loss, by the above indicated policy of insurance our insured City of Port Arthur against loss by All Risk to the property described under the above policy,according to the terms and conditions of the said policy and all forms,endorsements,transfers and assignments attached thereto. TIME AND A wind loss occurred on the 24th day of January,2023 ORIGIN The cause and origin of the said loss were: CAT 16- Windstorm OCCUPANCY The building described,or containing the property described,was occupied at the time of loss as follows, and for no other purpose whatever: Golf Course Bridge and Restrooms TITLE AND At the time of the loss the interest of your insured in the property described therein was: OWNER INTEREST No other person had any interest therein or encumbrance thereon,except: N/A CHANGES Since the said policy was issued there has been no assignment thereof,or change of interest.use,occupancy, possession,location or exposure of the property described,except None Known TOTAL THE TOTAL AMOUNT OF INSURANCE upon the property described by this policy was,at the time of- INSURANCE the loss, S2,500,000.00 as more particularly specified in the apportionment attached under the policy besides which there was no policy or other contract of insurance,written or oral,valid or invalid. VALUE THE ACTUAL CASH VALUE OF said property at the time of loss was Not Determined LOSS THE WHOLE LOSS AND DAMAGE to date was S 107,369.31 DEDUCTIBLE Less the APPLICABLE DEDUCTIBLE S (25,000.00) AMOUNT THE AMOUNT CLAIMED at this time $ 82,369.31 CLAIMED AMOUNT THE AMOUNT CLAIMED under the above numbered policy is 50% S 41,184.66 CLAIMED The said loss did not originate by any act,design or procurement on the part of your insured.or this affiant:nothing has been done or with the privity or consent of your insured or this affiant,to violate the conditions of the policy,or render it void;no articles are mentioned herein or in destroyed or damaged at the time of said loss:no property saved has in any manner been concealed,and no attempt to deceive the said company. as to the extent of said loss,has in any manner been made. Any other information that may be required will be furnished and considered a part of this proof. Fraud Warning:It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines.In addition,an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant." The furnishing of this blank or the preparation of proofs by a representative of the above insurance company is waiver any of its rights. State of —RIM x County of L e f to utlr r (, I ed ilt" Subscri and sworn o before e this day of V W 20�� -ale — ————ai JJiw� NotaryPublic ; '''- TRAMEKA' _ l NOTARY PUBLIC,STATE OF TE 2S5 =°�•...:�'.= COM.EXPIRES 01/22/2025 i ° R'ro' NOTARY ID 01218224-7 J $2,500,000.00 B0572NA22EDWM /126801 AMOUNT OF POLICY AT SWORN STATEMENT POLICY/CLAIM NUMBER TIME OF LOSS IN PROOF OF LOSS 05/01/22 TO THE Boca Raton,Florida ISSUED AGENCY AT 05/01/23 CRC Insurance Services Inc EXPIRES AGENT Certain Underwriters at Lloyd's At time of loss, by the above indicated policy of insurance our insured City of Port Arthur against loss by All Risk to the property described under the above policy,according to the terms and conditions of the said policy and all forms,endorsements,transfers and assignments attached thereto. TIME AND A wind loss occurred on the 24th day of January,2023 ORIGIN The cause and origin of the said loss were: CAT 16- Windstorm OCCUPANCY The building described,or containing the property described,was occupied at the time of loss as follows, and for no other purpose whatever: Golf Course Bridge and Restrooms TITLE AND At the time of the loss the interest of your insured in the property described therein was: OWNER INTEREST No other person had any interest therein or encumbrance thereon,except: N/A CHANGES Since the said policy was issued there has been no assignment thereof,or change of interest,use,occupancy, possession,location or exposure of the property described,except: None Known TOTAL THE TOTAL AMOUNT OF INSURANCE upon the property described by this policy was,at the time of INSURANCE the loss, $2,500,000.00 as more particularly specified in the apportionment attached under the policy besides which there was no policy or other contract of insurance,written or oral,valid or invalid. VALUE THE ACTUAL CASH VALUE OF said property at the time of loss was Not Determined LOSS THE WHOLE LOSS AND DAMAGE to date was S 1117,369.31 DEDUCTIBLE Less the APPLICABLE DEDUCTIBLE S (25,000.00) AMOUNT THE AMOUNT CLAIMED at this time S 82,369.31 CLAIMED AMOUNT THE AMOUNT CLAIMED under the above numbered policy is 33.33% S 27,453.69 CLAIMED The said loss did not originate by any act,design or procurement on the part of your insured,or this affiant;nothing has been done or with the privity or consent of your insured or this affiant,to violate the conditions of the policy,or render it void;no articles are mentioned herein or in destroyed or damaged at the time of said loss;no property saved has in any manner been concealed,and no attempt to deceive the said company. as to the extent of said loss,has in any manner been made. Any other information that may be required will be furnished and considered a part of this proof. Fraud Warning:It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines.In addition,an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant" The furnishing of this blank or the preparation of proofs by a representative of the above insurance company is not a waiv r f any of its rights. State of IlDx(A X \ County of JeA Insured Subscribed d swo to before me hi ilth day of Deed 20`J Notary Public [ TRAMEWILLIAMS�.°8 KA ,Of„ NOTARY ID #1218224-7