R-2015-092 2015-05-18 RESOLUTION NO. R2015-92
A Resolution of the City Council of the City of Pearland, Texas,
approving Windstorm Insurance with AmRisc Carriers and Lloyds of
London, written through Victor O. Shinnerer& Co. Inc. in the amount of
$595,258.29 for the period of May 27, 2015 to May 26, 2016.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City has obtained Windstorm Insurance pricing for City
facilities.
Section 2. That, pursuant to Section 252.022 of the Texas Local Government
Code, the purchase of Windstorm Insurance is necessary to protect and preserve the
public safety of the City's residents.
Section 3. That the City Council hereby awards a contract for Windstorm
Insurance to AmRisc Carriers and Lloyds of London in the amount of $595,258.29.
Section 4. The City Manager or his designee is hereby authorized to execute a
contract for the purchase of Windstorm Insurance.
PASSED, APPROVED and ADOPTED this the 18th day of May, A.D., 2015.
TOM REID
MAYOR
ATTEST:
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Y SE.. 'ETARY
APP OVED AS TOO FORM:
DARRIN M. COKER
CITY ATTORNEY
Resolution No. R2015-92
Exhibit"A"
Victor 0. Schinnerer&Company, Inc.
Windstorm& Hail Proposal
PROPOSAL ACCEPTANCE FORM
This form must be signed and returned to Victor 0. Schinnerer&Company,Inc.no later than May 19,2015.
Please Return To:
Victor O.Schinnerer&Company, Inc.
3100 Wilcrest Drive, Ste 200
Houston,TX 77042
Phone:(800)284-4747
Fax:(713)266-0001
PREMIUM PAYMENT
(See attached Windstorm Payment Chaise Letter)
Windstorm & Hail Coverages Accepted
Selection Option# Total Limit Premium
111 1 121,887,385 $581,935.77
2 175,455,505 $595,258.29
❑ 3 58,503,613 $709,536.00
❑ 4 50,000,000 $646,000.00
By accepting this proposal,you acknowledge and understand a minimum policy premiums may apply, you
have met all eligibility requirements regarding flood coverage at certain locations and you have reviewed the
windstorm location's schedule and are in agreement with the locations and limits used in this proposal.
I,the undersigned,as an authorized representative of:
City of Pearland
do hereby accept on behalf of the above named political
subdivision the po o s of the proposal as indicated above.
u Auth 'zed
Official: ��
City Man r
Title:
Date: May 18, 2015
TMLIRP OFFICE USE ONLY
Contribution: Verified by: Contract#:
AmRISC Property Application and Statement of Values ,ff a
'.-Pass not lied otherwise,completion of Iles lam replaces the application statement of values.hard copy loss runs and formally exeaaed loss letters. This form cantata the
rdormakon submitted to dale.The form must be completed,sgned and returned for uhdenerttee's review and acceptance within 30 days of Inception.Any inaccurate
rionmation identified on the returned form is automaticauy deemed need and agreed by underwiters upon receipt,so please return as soon as possible.
Named Insured: City of Ptadtrnd Account ID: 329942
Mailing Address: 3519 Lba.•ry Onve _ PeedaW TX 77581
•
Nature of business: Municipality Op ye _
, c fq Al YY es� p� Q
e� .5 �¢ go ..6-ate
Loc No. Address City State Zip m'$an ore. 03 d> 8! 11
I Per Schedule en fle —
2 North AmRisr.
3
4
5
6 I ,47Mats: 079,421 I 0°ti 428
tit you 15.•ftinf eidabedligonledtnebeee el corn/Wuxi or dear•,ydma e.deona ethyow apeMgmo cone ns apprceeen
Valuation: RCV RCV ALS 1
Coins:, 100% 1008/ 1/3rd ML •
' -
Loc No. building BPP el � Loc TIV
1 Per Schedule on hie --- - --- -- --2 urlh AmRew:
3
4
5 n
6
A
Totals: I $138,731,397 537.721,108 51.000.000 •r 0175455,505 `
line earn often cam ear bass of she pdsys rune of IWD4y.pore meow arid*.
1.551-1 ATI tosses caused by requested pals tor the prior 5 years that did or may exceed the specified threshold. Please
Threshold: 55,000
any losses Snot listed Incomplete loss history is considered malarial and may void con e. -
DOL Description/C0L Incurred Status(0/C) DOL Description/C0L Incurred Status(0/C)
05,'2&13 Property $24,132 C - _ �-
o9/134e Ikuncarte ike 51.058.757
Uri any paler a cove been oe*.e.carwWda rwnr.newed out no not
art dumb any appaaanl Nan convened anon n dr rya,70 years?
pro'3 veers(a appaooer in MO.) NO NO
New appears a SOrepte:.ergoraon,poenenho ce anyone,(yet of fde My MknprMSnlax vba Ions amens appear h pea 5 ynr.e
cededa mr:mean, NO NO
Does ew appdcam Ned any mason mat may cook not be aware of a.es.n roc store not:learnt been negative;re.2 et ate pat 3 Mrs'it se..per Mach
Ma once Snead, NO rnrxiebdlet Mums rot]yearn NO /,
For Si:4We ncs are the any 15)1)managed or Seaun adw.Mgnrss> a habbatonl re me•any aluminum.Mihlen wmg? NO
Explain any Yes answers.s necessary,add additional pages,which are hereby made part of the application. /
Warranties: fff✓✓✓
Warrant no losses last S years on properuos to be covered unless specified in AmRisc Application.
Warrant no expiring AmRisc markets that are quoted horein unless exception by the undarvaiter.
Lot am may b cnarg 0as d me de ascen d M vnanwy waived peer r eemmemue a a.mad rook are sgreW q•aasrx.cxs elwar.edap,.v a iota premium may a pvrgewas a tiro mss me nrrmeten a mcei.ea M wmismtrla
Any person who knowingly and wI In-nt to injure,defraud,cm deceive any rrsurer-les a statement of claim or an application containing any false,incomplete,
or rrlaleadmg information is guilty of a felony of the third degree. Severe cancellation penalties apply to CAT exposed property-Form is available upon
request. Carri: -•participation may change prior to binding or throughout the coverage period. (.,....)._di
To a best's applicant arid the producer,the above information is true and complete. Initial each Section.
••,rant Pr /,
Tine _ Printed Name
05/18/15 d.
•na ure Oats Product.Signature Ogle
Inaa1 Each Sec ••e AR APP 11 09
Confdenlid Page 1 of 1
. ,
DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE
INSURED: City of Pearland Account ID: 329642
LIMITS: As Der the attached Authorization or Indication
You are hereby notified that under the Terrorism Risk Insurance Act of 2002,as amended('TRIA"),that you
now have a right to purchase insurance coverage for losses arising out of acts of terrorism,as defined in
Section 102(1)of the Act,as amended:The term"act of terrorism"means any act that is certified by the
Secretary of the Treasury,in concurrence with the Secretary of State,and the Attorney General of the United
States-to be an act of terrorism;to be a violent act or an act that is dangerous to human life,property,or
infrastructure;to have resulted in damage within the United States,or outside the United States in the case
of an air carrier or vessel or the premises of a United States mission;and to have been committed by an
individual or individuals,as part of an effort to coerce the civilian population of the United States or to
influence the policy or affect the conduct of the United States Government by coercion.
Any coverage you purchase for'acts of terrorism'shall expire at 12:00 midnight December 31,2020,the date
on which the TRIA Program is scheduled to terminate unless the TRIA Program is reauthorized or the expiry
date of the policy whichever occurs first,and shall not cover any losses or events which arise after the earlier
of these dates.
YVU Jr1UULU IVVVVV I r,AI WVtrIALIt NKUVIUGU LIT 1MIJ t'VLIL.T r'VK LUJJtJ L\UJtU by
CERTIFIED ACTS OF TERRORISM IS PARTIALLY REIMBURSED BY THE UNITED STATES UNDER A
FORMULA ESTABLISHED BY FEDERAL LAW.HOWEVER,YOUR POLICY MAY CONTAIN OTHER
EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE,SUCH AS AN EXCLUSION FOR NUCLEAR
EVENTS.UNDER THIS FORMULA,THE UNITED STATES PAYS 85%THROUGH 2015;84%
BEGINNING ON JANUARY 1,2016;83%BEGINNING ON JANUARY 1,2017;82%BEGINNING ON
JANUARY 1.2018;81%BEGINNING ON JANUARY 1,2019 AND 80%BEGINNING ON JANUARY 1,
2020;OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED
DEDUCTIBLE PAID BY THE INSURER(S)PROVIDING THE COVERAGE.YOU SHOULD ALSO KNOW
THAT THE TERRORISM RISK INSURANCE ACT,AS AMENDED,CONTAINS A$100 BILLION CAP THAT
LIMITS U.S.GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS'LIABILITY FOR LOSSES
RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN
ANY ONE CALENDAR YEAR EXCEEDS$100 BILLION.IF THE AGGREGATE INSURED LOSSES FOR
ALL INSURERS EXCEED$100 BILLION,YOUR COVERAGE MAY BE REDUCED.
THE PREMIUM CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE
ANY CHARGES FOR THE PORTION OF LOSS COVERED BY THE FEDERAL GOVERNMENT UNDER
THE ACT.
n I hereby elect to purchase coverage for acts of terrorism for a prospective
>./ 'remium of $27895
1._. I hereb`=ect to have coverage for acts of terrorism excluded from my policy.
and w, and that I will have no coverage for losses arising from acts of terrorism.
✓/ ��� This notice applies to the following carriers and their
yholder/A..licants Signature respective participation quoted herein:
Certain Underwriters at Lloyds
Clay Pearson,City Manager Indian Harbor Insurance Company
� J. , y g eC OBE Specialty Insurance Co.
Print Name Steadfast Insurance Company
General Security Indemnity Company of Arizona
May 18, 2015 United Specialty Insurance Company
Lexington Insurance Company
Date Princeton Excess and Surplus Lines Insurance Co
International Insurance Company of Hannover
AmRisc,LP Flood Notice AR FN 04 11
If the policy issued by AmRisc, LP excludes Flood,the following shall apply:
Flood Exclusion Acknowledgement
I understand the policy issued by AmRisc.LP does NOT provide coverage for loss or
damage caused by or resulting from Flood, including any flooding and/or storm surge
associated with windstorm events.
I understand that Flood insurance can be purchased elsewhere from a private flood insurer
or the National Flood Insurance Program.
It is strongly recommended that Insureds in"Special Flood Hazard Areas"or areas subject
to Flooding, including flooding and/or storm surge from windstorm events, obtain Flood
coverage.
I also understand that execution of this form does NOT relieve me of any obligation that I
may have to my mortgagees or lenders to purchase Flood insurance.
If the policy issued by AmRisc,LP includes Flood,the following shall apply:
Flood Coverage
I understand the policy issued by AmRisc, LP does provide coverage for loss or damage
caused by or resulting from Flood, including any flooding and/or storm surge associated
with windstorm events.
I understand that loss or damage caused by or resulting from Flood,including any flooding
and/or storm surge associated with windstorm events,will be subject to the Flood sublimit
stated elsewhere in the policy
I understand that if I do not sign this form that my application for coverage may be denied
or that my policy issued by AmRisc, LP may be cancelled or non-renewed. I have read and
I understand the information above.
Named In- • d: City of Pearland
Accou o. 329642
•of, of•er/ p ca sSignature
lay J. P arson,City Manager
Print Name
May 18,2015
D to
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