Baldwin County, Alabama
File #: 19-0072    Version: 1
Agenda section: Consent Status: Passed
File created: 10/9/2018 Meeting type: Baldwin County Commission Regular
On agenda: 10/16/2018 Final action: 10/16/2018
Agenda item title: Stop Loss Proposal - Partners Managing General Underwriters/United States Fire Insurance Company

Meeting Type:   BCC Regular Meeting

Meeting Date:  10/16/2018

Item Status:   New

From: Andrea Roberson, Personnel Director

Submitted by:  Andrea Roberson, Personnel Director

______________________________________________________________________

 

ITEM TITLE

Title

Stop Loss Proposal - Partners Managing General Underwriters/United States Fire Insurance Company

Body

 

STAFF RECOMMENDATION

Recommendation

1 - Approve and authorize the Chairman to execute the Medical Stop Loss proposal with United States Fire Insurance Company/Partners Managing General Underwriters for specific and aggregate stop loss insurance to be effective January 1, 2019; and

 

2 - Authorize the Clerk Treasurer to issue a check to Partners MGU in the amount of $63,762.12 for the first month premiums.

End

 

BACKGROUND INFORMATION

 

Previous Commission action/date:  N/A

 

Background:  Cobbs Allen shopped stop loss insurance for the 2019 plan year.  Partners Managing General Underwriters has submitted an 8% increase, and this is the only “firm” quote received at this point as most other carriers require claims data through September (some even require claims through October).

 

To avoid risking these rates going up based on unexpected claims in September, Cobbs Allen recommends locking in the renewal with Partners.

 

 

FINANCIAL IMPACT

 

Total cost of recommendation:  N/A

 

Budget line item(s) to be used:  N/A

 

If this is not a budgeted expenditure, does the recommendation create a need for funding?  N/A

 

 

LEGAL IMPACT

 

Is legal review necessary for this staff recommendation and related documents? 

N/A

 

Reviewed/approved by:  N/A

 

Additional comments:  N/A

 

 

ADVERTISING REQUIREMENTS

 

Is advertising required for this recommendation?  N/A

 

If the proof of publication affidavit is not attached, list the reason: N/A

 

 

FOLLOW UP IMPLEMENTATION

 

For time-sensitive follow up, select deadline date for follow up:  N/A

 

Individual(s) responsible for follow up:  Andrea Roberson

 

Action required (list contact persons/addresses if documents are to be mailed or emailed):  Return signed documents to Andrea Roberson.

 

Additional instructions/notes:  N/A