Office of Risk Management State of Louisiana Office
- Slides: 8
Office of Risk Management State of Louisiana Office of Risk Management Property Consultant RFP UW-03
Office of Risk Management Pre-Proposal Conference Monday, July 25, 2011 Agenda § Please sign-in on the attendance sheet! § Overview of ORM § Property and Insurance Information § Review of RFP § Question & Answer
Office of Risk Management ORM Overview § Governed by LA R. S. 39: 1527 et seq § Self-insurance program § Excess re-insurance purchased § Maintains inventory of all state-owned buildings and values of contents § 9, 200 insured buildings - $16 Billion TIV § FEMA Stafford Act Requirements
Office of Risk Management Property Program History § Prior Katrina/Rita (2005): § $25 M SIR / $475, 000 XS Limit / $6, 950, 000 Annual Premium § After Katrina/Rita (2006 -2008): § $50 M SIR / $150, 000 XS Limit / $35, 485, 000 Annual Premium § After Gustav/Ike (2009+): § $50 M SIR / $150, 000 Limits / $28, 450, 000 Annual premium § Summary of Property Coverage (on website)
Office of Risk Management Challenges § Reduction in market capacity for coastal risks § Following form exceptions § High SIR § Flood Insurance § Premium increases passed to insured agencies § High TIV in high-risk areas § Limitations of the Procurement Code
Office of Risk Management Review of RFP § Written Inquiries Deadline: August 1, 2011 4: 00 pm CST § Proposal Submission Deadline: August 17, 2011 4: 00 pm CST § Anticipated Contract Date: September 7, 2011
Office of Risk Management Supporting Documentation § Located at http: //doa. louisiana. gov/orm/rfp 2011 uw 03. htm § Schedule of Property Values § Summary of Property Coverage by Fiscal Year § ORM Statute § Procurement Code Statutes
Office of Risk Management Q&A § Company financial statements are private. Is there an alternative to submission or a way to protect them from public access? § What are the primary reasons ORM is performing this study? § Catastrophe modeling reports are very costly and require large amounts of data. Has ORM had these reports in the past and are we aware of the cost and data required? § Will the Consultant be involved in the selection and placement of 2012 insurance program? § What are the goals of the RFP?