Office of Risk Management

State of LouisianaOffice of Risk Management

Property Consultant RFP

UW-03

Office of Risk Management

Pre-Proposal ConferenceMonday, July 25, 2011Agenda

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): $25M SIR / $475,000,000 XS Limit /

$6,950,000 Annual Premium

After Katrina/Rita (2006-2008): $50M SIR / $150,000,000 XS Limit /

$35,485,000 Annual Premium

After Gustav/Ike (2009+): $50M SIR / $150,000,000 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/rfp2011uw03.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?