07-31-1984 Regular Meeting - Laserfiche WebLink

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• MINUTES OF THE REGULAR MEETING OF THE RISK MANAGEMENT COMMITTEE JULY 31, 1984 1. The meeting was called to order by Director of Administrative Services Bob Herrera at 10:00 A.M. Members of the Committee Present: Risk Management Officer Jac son Ray, Mem ers Jo n Armstrong, Steve Gillett, Debbie Cole, Laura Hall, Champ Dunham, Doug De La Morena Members of the Committee Absent: Lt. James La Fitte 2. An address was made by Robert Herrera concerning Policy Statement Progress. He stated that the Policy Statement had been accepted by the City Manager. Each department would receive a formal statement concerning the acceptance of the Risk Management Committee. 3. Risk Management Officer Jackson Ray presented transparencies • on Insurance Policy Review including the following: A. General and Automobile Liability Coverage B. Personal Injury - Errors and Omissions C. Building and Contents - All Risk Coverage D. Automobile and Mobile Equipment - Physical Damage Coverage He stated that on Item A, the City was self-insured and the premium for that coverage was $20,110.00. He stated that there is a blanket limit on Item B in the amount of $8,075,340. There is a $1,000.00 deductible on Item D and a $5,000.00 deductible on Item C. A copy of this information is attached as part of the minutes. 4. A transparency was presented on the History of Incurred Loses. A copy of that information is attached as part of these minutes. The decrease in loss experience with 30% increase of employees since 1980. 5. A transparency was presented on Insurance Premium Summary. Information was provided by Ken Strum Insurance Agency. We have better coverage than in the 1982-1983 period. Studies and insurance bidding was very beneficial for the City of La Porte concerning this .coverage. A transparency was then presented on premium payments over the last several years. A copy of this information is attached as part of these minutes. • 6. The Rimco Manual was not available for distribution.