HomeMy WebLinkAbout6.d. Liability / Fire / Casualty Insurance Premium RebateCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: DECEMBER 15, 1992
AGENDA ITEM: LIABILITY/EIRE/CASUALTY
INSURANCE PREMIUM REBATE
AGENDA SECTION:
NEW BUSINESS
PREPARED BY: STEPHAN JILK, CITY ADMINISTRATOR
AGENDA *W-r#jir.M /
ATTACHMENTS: NONE
Y:
zm�:
In a recent meeting with the City's insurance loss control advisor from
Berkley Risk Services, Diana Korpela, our insurance program coordinator,
and I, reviewed loss records. Part of this annual process is to discuss
ways that the City can improve its loss/payment record and thus improve our
insurance/claims program to reduce our insurance cost.
I am pleased to advise the Council of several positive items resulting from
that meeting.
1. The loss control advisor, Mr. Mike Everest, advised Diana that he was
pleased with the excellent record keeping that Diana does which
provides good "tracking" of claims and, in some cases, has assisted in
denying claims.
2. The City's claims record is low, compared to average.
3. The City's refund for the 1991 premium year will be $21,733. This
amounts to 25% of the City's premium for this insurance coverage. We
budgeted a $15,000 refund.
I believe these comments and resulting refund speak for themselves but I
would like to publicly thank those responsible.
RECOMMENDED ACTION
Motion to thank Diana Korpela and other City staff for their efforts
in managing the City's insurance and loss control program which
provided for the $21,733 return in premium.
COUNCIL ACTION: