2021-676-E-Risk Mgr-Alliant Insurance Services-Insurance Brokerage

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DocuSign Envelope ID: 17405374-3F52-4EE3-A40B-COBD1 EOB0058 • R ESPONSE TO RFQ#5328 FOR INSURANCE BROKER AND RM CONSULTING SERVICES 7P00 ORANGE COUNTY,NC I SEPTEMBER 30,2021 IV I REQUIREMENTS OF PROPOSALS 5. Proposals shall include an assessment of the County's current program and a proposed alternative, if necessary, without approaching the our review attached is the County's current insurance declarations, WC . To assist ou in Property Schedule will be provided upon request. The Alliant team has conducted a thorough review of the County's current insurance information provided within the RFQ. Upon our review, we have uncovered some coverage items we believe we would be able to improve upon. Below is a summary of those items: Property We believe the windstorm sub limit in your current program to be inadequate. Increasing this limit is recommended and acceptable to the marketplace. We note that the County's deductible of$1,000 is quite low for a municipality of your size.We would like to have the discussion on raising this with the County. A higher deductible would yield improvements in loss history and allow the County more control of the overall program. We would suggest a CAT modeling/aggregation study be undertaken to assist in our evaluation of stand-alone program limits. The commercial marketplace allows for deductibles to apply per unit of insurance, which provides more flexibility when applying them. We would look to schedule high hazard flood locations, which would add contract certainty for both the County and your insurer. Below is a comparison chart that we have produced for the County to have an idea of what one of our Public Entity specific programs known as Alliant Property Insurance Program(APIP) compares with the County's current coverage through the NCACC. You may be surprised to see the significant limits that may be afforded the county with our proprietary program further enhancing the counties protection and reducing the overall total potential cost of risk Orange County, NC NCACC Property Insurance Coverage Comparison to Alliant APIP Limits and Sub-limits of Liability $ 237,671,455 Total Insured Values (TIV) $ 237,671,455 Up to 1,000,000,000 Per Occurrence: All Perils and Coverages combined, subject to sub-limits: $ 10,000,000 Up to 250,000,000 Earthquake— Per Occurrence &Annual Aggregate $ 10,000,000 Up to 250,000,000 Flood— Per Occurrence &Annual Aggregate 1,000,000 TBD Special Flood Hazard Areas (SFHA) $ 60,000,000 Up to Policy Limit Named Storm— Per Occurrence &Annual Aggregate - 33- mant