Attachment_B_-_Experience_Report_Excel.xlsx

This file is a comprehensive claims experience report from Standard Insurance Company for Orange County Board of County Commissioners, covering group insurance claims from January 1, 2019 through March 31, 2024. The document details claims across multiple insurance products including Short Term Disability (STD), Long Term Disability (LTD), Term Life, Basic Life, Additional Life, and Accidental Death and Dismemberment (AD&D). The corresponding state and local contract opportunity is a solicitation for Group Term Life, Accidental Death, Long and Short Term Disability and Dismemberment services, with sealed electronic responses due by 4:00 pm EST on Tuesday, June 25, 2024, through the OpenGov e-Procurement Platform.

The claims experience report reveals extensive historical claim data, with hundreds of individual claims documented across various coverage types. The report shows detailed claim information including claim numbers, incurred dates, approved dates, term dates, and monetary amounts paid per claim. For Short Term Disability alone, there are over 300 claims recorded, with amounts ranging from minimal payments to significant disbursements. The Long Term Disability section shows claims with more substantial financial impacts, with some individual claims exceeding $100,000. The Life and AD&D sections document numerous death benefits and supplemental life insurance payouts. This comprehensive claims history provides potential bidders with a transparent view of the county's recent insurance claims experience, which could be critical in evaluating risk and pricing for the upcoming insurance contract.