25-84131500-ITN DFS BOR Attachment U 10 years Spend TIV.pdf
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- Attached to
- Insurance Broker of Record - Reinsurance Broker for Property and Casualty lines, Risk Management and
- Solicitation number
- ITN-13124
- Issued by
- St. Johns County, Florida
About this file
This document is an Attachment U from Invitation to Negotiate (ITN) No. 25-84131500-ITN, issued by the Florida Department of Management Services on behalf of the Department of Financial Services' Division of Risk Management, detailing a 10-year historical and projected insurance coverage summary. The attachment provides a comprehensive breakdown of property insurance coverage limits, total insured values, and premium costs from February 15, 2015, through February 14, 2026, covering All Other Perils (AOP), Named Windstorm, and Flood insurance. The coverage limits show a progressive increase over the years, starting at $200 million AOP and $54 million for Named Windstorm and Flood in 2015-2016, escalating to $350 million AOP and $75.25 million for Named Windstorm and Flood by 2025-2026.
The document includes critical details about self-insured retentions (SIR) and deductibles, which have remained consistent since the 2015-2016 policy year at $40 million SIR plus a $2 million per storm deductible for Named Wind and Flood, and a $2 million per occurrence deductible for All Other Perils. The total insured value grows from approximately $22.4 billion in 2015-2016 to nearly $31 billion by 2025-2026, with premium costs hovering around $10-14 million annually. A notable annotation for the 2025-2026 policy year indicates specific insurer participation caps for Named Windstorm, with 22% aggregated at an $85 million limit and 78% per occurrence at a $72.5 million limit, demonstrating the complex risk management strategy employed by the state of Florida.
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Text version
Policy Year
All Other Perils
(AOP)
Limit
Named Windstorm
& Flood Limits
(1) Terrorism Coverage
Total Insured
Value Premium Cost
2/15/2015 - 2/14/2016 200,000,000$ 54,000,000$ $146,000,000 excess of
$54,000,000 excess deductibles 22,419,597,622$ 9,710,605$
2/15/2016 - 2/14/2017 200,000,000$ 85,000,000$ $200,000,000 excess deductibles 22,697,190,836$ 10,741,580$
2/15/2017 - 2/14/2018 225,000,000$ 92,500,000$ $225,000,000 excess deductibles 22,566,418,190$ 10,856,108$
2/15/2018 - 2/14/2019 225,000,000$ 78,000,000$ $225,000,000 excess deductibles 22,846,686,108$ 10,857,857$
2/15/2019 - 2/14/2020 225,000,000$ 68,500,000$ $225,000,000 excess deductibles 22,837,842,054$ 10,833,480$
2/15/2020 - 2/14/2021 225,000,000$ 62,750,000$ $225,000,000 excess deductibles 23,410,298,258$ 10,856,954$
2/15/2021 - 2/14/2022 225,000,000$ 57,500,000$ $225,000,000 excess deductibles 24,764,152,828$ 10,832,680$
2/15/2022 - 2/14/2023 225,000,000$ 56,270,000$ $225,000,000 excess deductibles 25,458,109,265$ 10,850,672$
2/15/2023 - 2/14/2024 255,000,000$
$38,586,364 - NWS
$40,222,727 - Flood $225,000,000 excess deductibles 27,315,765,438$ 10,818,784$
2/15/2024 - 2/14/2025 300,000,000$ 65,000,000$ $250,000,000 excess deductibles 28,851,294,709$ 13,857,832$
2/15/2025 - 2/14/2026 350,000,000$ 75,250,000$ $350,000,000 excess deductibles 30,934,593,290$ 13,837,151$
Note (1)
- For Policy Year 2025-26, Insurer participations are capped at the limit shown per occurrence for Named Windstorm (except 22% is aggregated with an $85,000,000 limit, 78% is per occurrence with a $72,500,000 limit) and in the annual aggregate for Flood.
Note (2)
- Since the 2015-16 policy year, the SIR/deductibles are as follows: For Named Wind and Flood, the program has a $40 million SIR plus a $2 million per storm deductible. For All Other Perils (AOP), the program has a $2 million per occurrence deductible.
ITN No.: 25-84131500-ITN
Attachment U
10-year Coverage Limits, Insurable Values and Premium Costs (2)
File details come from the government source that posted it. Updated .