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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?