Item 7c Memo
PORT OF SEATTLE MEMORANDUM COMMISSION AGENDA STAFF BRIEFING Item No. 7c Date of Meeting June 23, 2009 DATE: June 23, 2009 TO: Tay Yoshitani, Chief Executive Officer FROM: Jeff Hollingsworth, Risk Manager SUBJECT: Briefing on July 1, 2009 Port Property Insurance Renewal BACKGROUND This briefing is on the upcoming Port's property insurance renewal. The Port's current property policy expires on June 30, 2009. The Port during the month of June will be both selecting a broker and finalizing the purchase of this coverage for the policy year starting on July 1, 2009 and expiring on June 30, 2010. BRIEFING OUTLINE The Commission presentation will focus around the following items: Expiring Property Insurance Structure of Property Insurance Program Property Insurance Cost Factors Property Insurance Challenges Earthquake Insurance Discussion Renewal Projection for July 1, 2009
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