7d
PORT OF SEATTLE MEMORANDUM COMMISSION AGENDA STAFF BRIEFING Item No. 7d Date of Meeting September 12, 2011 DATE: September 6, 2011 TO: Tay Yoshitani, Chief Executive Officer FROM: Jeff Hollingsworth, Risk Manager SUBJECT: Briefing on Port Liability Insurance Renewal for 2011-2012 SYNOPSIS: This discussion precedes the renewal of the Port's liability insurance program on October 1, 2011. It discusses the expiring program and costs and the issues facing the Port for the renewal. Major coverage lines will be highlighted for the Port. Commission authorization is not required as the delegation to purchase insurance is given to the Chief Executive Officer under Resolution 3605, as amended. BRIEFING OUTLINE: The Commission presentation will focus around the following items: Review of Liability Insurance Coverage Insurance Premium Factors Liability Premium Re-cap Renewal Coverage Process Expiring Premium 2010-2011 Renewal Issues for 2011-2012 Renewal Estimate OTHER DOCUMENTS ASSOCIATED WITH THIS BRIEFING: PowerPoint presentation. PREVIOUS COMMISSION ACTIONS OR BRIEFINGS: A briefing on the liability insurance program was given last on September 7, 2010.
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