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City Of Decatur <br /> Executive Summary <br /> Mr. Gregg Zientara <br /> City Treasurer & Director of Finance <br /> City of Decatur <br /> One Gary K. Anderson Plaza <br /> Decatur, IL 62523-1196 <br /> RE: October 1, 2017 Insurance Program Renewal <br /> Arthur J. Gallagher Risk Management Services, Inc. is pleased to present our <br /> renewal proposal of insurance to the City of Decatur. Enclosed for your review are the <br /> terms and conditions for your renewal companies that we approached on the City's <br /> behalf. <br /> The current Workers Compensation marketplace for public entities in the state of <br /> Illinois continues to be limited. For Municipalities, the driving force of claims has been <br /> with the police and fire classifications. <br /> Carriers continue to see a frequency of claims, but also severity of claims <br /> continues to rise. The severity of claims continues to be attributable to a few of the <br /> following factors: <br /> • Advances in medical technology and science increases life expectancy thus <br /> increasing lifetime indemnity and medical payments <br /> • Aging workforce <br /> • Dependence on opioids <br /> In regards to the 2017/2018 Workers Compensation renewal we approached our <br /> incumbent carrier, Liberty Mutual Insurance Company. Our incumbent carrier Liberty <br /> Mutual gave us a very competitive renewal, we are recommending to the City that you <br /> renew with Liberty Mutual. <br /> On the Crime Coverage we approached three carriers for the renewal. Based upon <br /> the quotations we received, we are recommending that we renew with the incumbent <br /> carrier National Union, even though their renewal premium is slightly higher than the <br /> other markets. <br /> The City of Decatur's Cyber Coverage was submitted to three carriers for <br /> competitive quotations. This has resulted in a premium reduction. Our incumbent carrier <br /> ACE American Insurance Company has given us a premium reduction of over $2,300. <br /> We recommend that we renew with ACE. <br /> In regards to the Boiler/Equipment breakdown coverage, we approached three <br /> carriers for your renewal. In spite of your property values slightly increasing, our <br /> incumbent carrier The Chubb Insurance Company gave us a premium reduction. We <br /> recommend the City renew with Chubb. <br /> On your Package Policy, we did a very extensive marketing effort two years ago. At <br /> that time we moved to AIX Specialty Insurance Company. AIX gave us a premium <br /> reduction in 2016/2017 and for 2017/2018 AIX has again given us a premium reduction <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> 2 <br />