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
Attachment U is a 10-year historical table of insurance coverage limits, insurable values, and premium costs for the Florida Department of Financial Services' Division of Risk Management. The document details annual policy years from 2/15/2015 to 2/14/2026, showing progressive changes in All Other Perils (AOP) limits, Named Windstorm and Flood limits, Terrorism Coverage, Total Insured Values, and corresponding Premium Costs. The coverage limits have steadily increased over the decade, with AOP limits rising from $200 million in 2015-2016 to $350 million projected for 2025-2026, while Total Insured Values have grown from approximately $22.4 billion to nearly $31 billion.
The table includes critical risk management details such as self-insured retention (SIR) and deductible structures, 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 most recent policy years show nuanced limit structures, such as the 2025-2026 year where insurer participations are capped with specific limits for Named Windstorm (22% aggregated at $85 million, 78% per occurrence at $72.5 million) and annual aggregate limits for Flood. Premium costs have remained relatively stable, ranging between $9.7 million and $13.8 million annually, with a slight upward trend corresponding to increased coverage limits and total insured values.
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Text version
Policy Year
All Other Perils
(AOP)
Limit
Named Windstorm
& Flood Limits
(1) Terrorism Coverage
Total Insured
Value Premium Cost
2/15/2015 - 2/14/2016 200,000,000$ 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 .