25-64121511-ITB Ocean Marine Open Cargo Attachment N Historical Loss Experience.pdf

This document is a Historical Loss Experience report for Solicitation No. 25-64121511-ITB involving the State of Florida, specifically covering two insurance policies: OMH 583-30-46 Ocean Marine and OMC 383-90-71 Open Cargo. The report provides a detailed loss experience breakdown for policy years from 7/2/2021 to 7/2/2025, documenting total premiums, total losses paid, and corresponding loss ratios for each policy period.

The loss experience reveals varying financial performance across policy years. For the Ocean Marine policy (OMH 583-30-46), loss ratios ranged from 0% to 10.86%, with total premiums around $290,000-$322,000 annually. The Open Cargo policy (OMC 383-90-71) showed more significant fluctuations, including an 87.71% loss ratio in the 7/2/2024 - 7/2/2025 period, driven by a $11,500 loss for Florida International University. The client loss report includes specific claim details such as loss dates, claimant names, cause of loss descriptions, and total incurred amounts, providing a comprehensive view of the insurance policies' historical performance and risk profile.