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HomeMy WebLinkAboutItem #31 - Discussion ItemtRO W: • • tit,* bft iitA ilk., ' tttit5A 1NtEfiM tt M MAtTRAMtUM The Honorable ale fibers the 'City 'Cbtmissiott -bhn 8 Lloyd • tone 26, 197_5 tubsEtt: ttlf-If'isurat'Ttte Ofdina de rtEEERE'ChtE3: tfVclbsUREs: This is a memorandum of explanation concerning the proposed "self. -insurance" ordinance, It conitazins a capsule explanation of the ordinance, and analysis of certain of the costs which Will be involved in the implementation of the ordinance, and the plans for the implementation. LEGIStATI t BACXGROUN A charter amendment approved by The City of Miami electorate in November, 1972, gave The City of Miami the power to establish a self-insurace and insurance trust fund. Inasmuch as this is an amendment to the Charter by the addition of a new subsection (mm) to Section 3 of the City Charter entitled "Powers", the subsection provides authority for such a fund but is not a mandate to establish one. If the City Commission desires to establish such a fund and create a special self-insurance program, an implementation ordinance must be passed. The ordinance presented to the Mayor and the Commissioners shortly before the last meeting is such and ordinance. The ordinance which.; you have already received will be on the agenda for consideration at the meeting scheduled for July 17, 1975. Because of reasons which will shortly be explained more fully, the ordinance will be presented as an emergency ordinance. The City Clerk has been instructed to place an advertisement in the newspaper which calls attention to the fact that the ordinance will be considered during the Commission meeting of July 17th_ CAPSULE EXPLANATION Or' PROPOSED ORDINANCE: For quick reference, a copy of the title of the proposed ordinance is attached. If detailed knowledge regarding 1M ttrldbPtitt •%tMO AN'1 The :icticfabY1 e Me+ bel s t f the City CoMitittion ttE0tF!EytE5: page tfitt.OSUF!E'S: • the specific provisions in the body of the Ord nanCe is t etiret, reference can be made to the copy of the -entire ordinance you have already received. Careful study of both the ordinance, this tnett o, and arty other informational memo received is strenous y suggested because of the very important step that is being contemplated. As the following capsule explanation of the ordinance will reveal, passage of the ordinance will in actuality put The City of Miami in the insurance business. The ordinance does the following: 1. Creates a self-insurance and insurance trust fund. It designates the source from which the fund will derive its moneys and states the purposes for which the moneys in the fund may be applied. 2. Provides for a Board of Trustees and for the composition thereof. The trustees have the power to make.• purchases, sales, exchanges, investments and reinvestments on behalf of the fund. 3. Provides for the manner in which the trustees shall disperse the fund. 4. Provides for a Self -Insurance and Insurance Committee_ This Committee shall administer the fund, maintain appropriate records and recommend to the City Commission the amount of reserves to be accumulated and maintained and the amount to be appropriated annually to finance the Self -Insurance and Insurance Program. 5. Provides that the Insurance Program shall operate in a ;:canner similar to that of a commercial insurance company. 'PM* • • tits 1.0.14MT, ftbltiti4. • it4ttfit4iP':1dtt. MttAtti4A:4bi191 The tibnbtable MeMbers bt the city co:tthisgibil Page 3 bAtdune 26, 1575 0 t: t4EFERENCES: tikItt-OtURkS: 6. Provides that the insurance tommittee shall As expeditiously as pbs4ible establish means by which the City shall becolte self -insured in primary coverage while maintaining an umbrella coverage to insure against catastrophic losses. 7. Provides for the manner of funding the administrative expenses incurred in administering the program. This includes both "in-house' expenses and expenses which may be incurred by the use of personal services which cannot be readily provided by "in-house" personnel, 8. Provides that the City Attorney shall perform or supervise the performance of all legal services necessary to accomplish the purposes of the self-insurance program. Claims for property damage and personal injury which are not in excess of $1,000.00 for each individual claim may be settled without reference to the City commission. Proposed settlements in excess of $1,000.00 must be submitted to the City Commission for approval. The City Attorney shall render such reports for the settlement of claims to the insurance committee and the City Commission as they require. This concludes the capsule explanation of the ordinance. It is to be noted, however, that the ordinance gives sufficient latitude to the insurance committee to retain the present schedule of both primary coverage insurance and umbrella coverage, or add to it, or to delete portions of the coverage in favor of self- insurance. The Committee may make such determination from time to time based on their decision of the most economical method of proceeding in the best interest of the city. 'MEDIATE PLANS: It is understood that immediate plans call for a tf y x tit/ o.P. ftofiibA It ttt-' "PP't N1EM AN M 'The iofiofzb...##tat.e Mei i'�.,ers of thy t,� e ity 3_Lissibtl Page _4 bA tt: J i'n M. 19/5 RtfrERENbtS: tNGLOSUpcS: ttL : discontinuance of the primary coverage of city vehicles which is currently 'being provided by The Hartford t suranoe CrOUp. It is anticipated that this coverage will cease as of midnight July 29th, 1975. All rather pre'sertt coverage Will remain for the presents Remaining are a primary coverage policy covering torts by police officers, and some primary coverage 0 , & 'f policies covering parks, p1a_tgrounds and other City facilities. A continuance of the u;nb ella coverage policy which provides coverage from fifty thousand up to five million dollars is also planned. In addition_, some type of insurance coverage is also planned for cumulative claims when they reach an amount in excess of two hundred thousand or three hurl red thousand in any given period, such as s year. Basic principle of the umbrella coverage and the cumulative coverage is to insure against a large catastrophic loss at any one time or an accumulation of a number of heavy losses in any given period. The anticipated target date of July 29th, 1975 for the cessation of the vehicular coverage is the reason for the - presentation of the ordinance as an emergency on July 17th, 1975_ COSTS INVOLVED; In an enumeration of the costs involved in a self. insurance program, the following factors should be considered: (1) Administrative costs. (2) Losses from claims and judgments paid by the City from the fund_ (3) Cost of insurance (such as umbrella coverage policies, etc.) rOttt ty#7 •MtAfJfl t1tV• . 11`4tbkit. MtlAtittAiNtit" the Honorable Meftibett tf the City ConIti8sion Page 5 bAtE: tUdiEtt: kEFtRENCES: tisICLOSUR: • 2Si• IV1S AdministtatiVP_C-Pst4. Presently planned by the law departtent to handle the claims and litigation,resulting from the Operation of city vehicles is the addition df a lawyer to handle the case load'Of litigation and an experienced claims adjuster to superVise the handling of claims, plus two secretaries. The present volume of claims resulting from city vehicle accidents (approximately 150 per year) could be handled by the claims adjuster with no assistance if they were evenly spaced. It is reasonably anticipated, however, that there will be times when a number of claims will arise all at once.. In such an instance, the claims adjuster, if necessary, will make use of the services of a private adjusting firm so that the claims can be expeditiously handled. Thus, the administrative costs appear to be projected as follows: 1- Assistant City Attorney 1- Claims supervisor -- 1- Secretary for attorney 9,000.00 1- Secretary for Claims Adjuster 8,000.00 Total Salaries $ 51,800.00 fringe benefits 25% 12,950.00 TOTAL $ 64,750.00 Operation cost of two vehicles (estimated) 3,000.00 Telephones (estimated) 300.00 Cost of private adjusting firm (estimated) Cost of 4 desks and 2 typewriters (one time cost) $ 17,800.00 17,000.00 1,200.00 2,500.00 titt 6f-- fAiAlAii til5PittiA iNtEA-b#Pidt VittAtiffA4O`LI4 td tiorydrable Members ot bob June 26, 1g7S the City Cottittioft page 6 bUtiittt: REPEFIENCES: te4CLagURS: *COSto payment of claims and judgments Litigatiod costs (estimated) Cost of umbrella and cumulative coverage (unabletO estimate) - soncts, or $ELr,tINSURANCS.REVniUtt At the inception of the program, the self-insurance and insurance fund which can be used will generally consist of the - following: $277,776.00 3,500.00 Vehicle Insurance Premium (1 $500,000.00 hurricane disaster fund 500,000.00 Reimbursement, damage to City Vehicle315,000.00 TOTAL $1,015,000.00 METHOD OF HANDLING CLAIMS: Please note that the ordinance provides that the law department is to be responsible for handling the claims. '• There. are several reasons for this as follows: 1. The Charter of The City of Miami provides that the. investigation of claims is the duty of the city attorney. 2. The city attorney has been and is currently handling the claims against the city. * Uote: This cost is based upon statistics for the past two years as furnished by our present carrier_ This cost is expected to increase because of the following factors: (1) increasing size of judgments; (2). More judgments in favor of plaintiffs because the defense of contributory negligence is no longer available. The rule of comparative negligence now applies. eery ,oP 'fntAgh, t•LtiAibA t ;=o tAtMORANIO The 10 orable Mefbet§ the -''? ty CO:rtittibri Pa e 7 liars. €E'ERENcts: • thtcLO5U9e5: June e 3. All claims involve a legal determination of re po sibility. The most expeditious Method of handling claims. .determining responsibility, evaluating claims, and defending the city .hen necessary against claims is to have all the facets involved coordinated under the control of the law department. Indeed, under any system of claim handling, the claim must eventually be referred to the law department. In the handling of claims, however, the law department will maintain only the records which are directly connected with the investigation, adjusting, settling, and defending of the claims. " Other necessary records will be maintained by the self- insurance committee. Basically, the law department files will include investi- gation files and litigation files. When a claim is not settled before litigation and litigation is commenced, the investigation file becomes a part of the litigation file. From the beginning the claims adjuster will work directly with the attorney who will handle the litigation and who will give legal assistance to the claims adjuster, as well as handling the litigation. Teamwork between the attorney and the claims adjuster at all stages is an essential part of successful claim handling. In actuality, the present claims procedure of the law department is to be expanded and modified to meet the new challenge presented by the self-insurance program It is planned that the former chief claims adjuster for. State Farm Insurance Company will join the law department on a contract basis on Monday, June 30, 1975, to work with the law department, the police department and the insurance division of the finance department to establish procedures for the effective .handling of claims. If the self --insurance ordinance is passed by the City Commission on July 17, 1975, he will continue as w bi '1 b ' In I A91 I ftOgIti,t 1 t 14-b Fit t 1 t946t4At4tbt The Honorable ''het bets 'bt the City 'Co.";nitsibr`1 Page ;s Chief Claitts Adjuster In his preliminary analysis Of claim procedures* the Chief Claims Adjuster will,review the police department accidett• reporting system, the present claims procedures of the law' department, and will prepare necessary plats for claim procedure. He will attempt to streamline the accident review and reporting procedures now being used bare SUBJECT: •3une 2 . 1915 REV EREINICE3: ENCLOSUR §: i.t OTHER PLANS TO PROMOTE SIICOESSFUL OPERATION 0=' VEtiICt3LAR SELF-INSURANCE PROM * Accomplishment of the following three objectives is vital if there is to be any saving as a result of a venture by the city into a self-insurance program: 1. Reduce the number of vehicular accidents and minimize the serious accidents. reduce • 2. Expedite the handling of claims to minimize payments_ 3. Aggressively and efficiently conduct litigation the amounts of judgments aginst the city_ Objectives numbered two and three have already been discussed. The self-insurance program, however, will be nothing more than a costly exercise in futility unless a successful campaign is waged by every department in the city to reduce the number of accidents. Drivers of city vehicles who have several accidents for which they were at fault must no longer be permitted to drive city vehicles_ The City has a safety director whose recommendations must be given serious consideration and implemented There must be some type of a safety program initiated. posn titht 45E :IMANiitRtt 1NtE#44tIP.4ttM.MbANtiUM The Monotale MeMberg bE the City CoMtitsiOn Page bAtt: U.JECT: June 2t, i97 .ftLt s ftEPERSSICat: tNcLostiOrES: To this end,* the following has been sUggestedt When a safety recommendatiOn is Made to a departmental director by the safety dir'ector, the departmental director must implement the recommendation within 30 days or present his reasons in writing to the City Manager why he did not implement the recommendation. If the manager is not satisfied with the reasons given for the failure to implement the safety directive, he shall order the department director to implement it. The present accident review board should be abolished. The essence of- the above suggestions are further set forth and amplified in a document prepared after numerous meetings of an Accident Review Task Force committee appointed by the city manager. The document is entitled "Vehicular Loss control Program" and is presently in the hands of the city. manager. The importance of a safety program is illustrated by the fact that there have been several serious accidentsknown to the law department that have been caused by repeaters. Investigation will undoubtedly reveal others. CONCLUSION A program of self-insurance is not a panacea for the high insurance premium ills of the city. Unless the entire program is efficiently administered with the claims and litigation being efficiently handled, and unless the vehicular accident rate is reduced, the program will end up costing more than the program of insurance it is ultimately designed to replace. JSL/mc ORDINANCE &`o, A_i •OP,DINANCE CREATt TG THE CITY- OF MIAMI SELF- =SUR NcE AND INsURA1 E TRUST ?tfl PROVIDING FOR THE APPROPRIATION AND ACCUMt3'LAATIoN OF FUNDS APPROPRIATING SUCH PUNDS POR THE PURPOSES DESIG- NATED: PROVIDING FOR Tag APE?OINTMENT OF A DOA O ` TRUSTEES,' SPECIPYING THE•DUTIES, POWERS AN AtvI IORI Tom` OPT TRUSTEES: STATING 'THE INTENTION N POR THE SELP-IiNSURANtE AND INSURANCE PROGRAM TO OPERATE AND PUtCTION INA MANNER SIMILAR TO A COMMERCIAL INSURANCE COMPANY: PROVIDING FOR !L XB' APPOZN 'MEAT OF' Tii`E CITY OF MIAMI SEW -INSURANCE AND NSURE E COMMITTEE TO ADMINISTER THE PRO- GRAM: PROVIDING POR THE DUTIES, AUTtt0RITY AND REspONSItILITY OF THE COMMITTEE: PROVIDING ?OR TH E CITY ATTORNEY TO PROVIDE ALL LEGAL SVICES REQuiRED TO ACCOMPLISH THE PURPOSES OF Tag PROGRAM PROVSDIN'G AUTHORITY FOR THE SETTLEMENT OF CLAIMS NOT EXCEEDING OWE THOUSAND DOLLARS BY THE CITY ATTORNEY OR HIS DESIGNEE AND FOR THE SETTLEMENT OF CLAIMS IN EXCESS OF ONE THOUSAND DOLLARS UPON THE APPROVAL OF THE CITY COMMISSION REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT EEREaITH; PROVIDING SEVER.ABILITY; AID PROVIDING AN EFFECTIVE DATE_ to: 1-lonoral le Members of The City Cttnitnissi ti Wi .At drews City Vlatls.ger JUN 1 I: 197$ SUsiECt. 8elf.1 htrERENCES: l fi1CLOSURES: tt re.nee gram On October 3, 1972, the electorate of the City of Miami approved a Charter Arnendrnent to create a Self&Insurance and Insurance Trust runcd. The proposed ordinance is to implement the Charter Amend- ment and establish administrative methods and procedures; At the present time, premiums paid to buy insurance for liability, property and special types of coverages are approxitnatelyr $997, 210 annually. As the City is faced with the ever upward spiraling of in- surance costs under our present system of buying insurance, alternative methods must be sought to combat this problem. The Self -Insurance Program is one such alternative. Under the new proposal, a Self -Insurance Trust Fund will be established and will be funded as follows: 1. Hurricane Disaster Fund 2. Judgment Loss Liability Fund . Budgeted Insurance Premiums • Income from sale of insurance 5. Income from investments 6. Recovery of physical damage claims against others 7. Fines and assessments levied against employees The initial step of the program is for the City to self -insure its vehicles, including road operated trucks and automobiles. The money set up in the Trust Fund will be used to satisfy claims after it has been deter- rrned the City is the party at fault. To this end, an attorney and a • a Honorable Members of The 'City Cotntriissibti claims supervisor will be hired and salaries paid from the kund, to administer the claims aspects Outside appraisal and adjusting 'service would be engaged to implement t this program In order to protect the City against catastrophic losses, insurance will be purchased in the following manner rot any one loss that exceeds $50, 000, insurance will be purchased above that amount. in any 1 z-month period, if total losses exceed $200, 000, insurance will be pur- chased above that amount. The catastrophic insurance would be paid from the fund but the cost to the City will be less than present, as the City is self insuring for the first layer of risk. The remaining property liability and other special types of insurance would remain as they are, paid from the fund, until the individual policies expire. At that time, a decision would be made to renew that particular policy or assume the risk under the City's Self -Insurance Program. The estimated expenditures for the first full year of operation are as follows: Insurance Premiums Paid Claims Claims Service & Asministration Costs Salaries and Expenses $500, 000 200, 000 50, 000 50, 000 $800, 000 Based on the data furnished, there should be a savings for the City at the end of the first year of operation which, ultimately, should reduce operat- ing costs for the next fiscal year. Past experience shows that this premium cost would continue to increase if the City retained its present policy of purchasing insurance. cc: Honorable Members of The City Commission