AV 24-64121501-ITB Attachment J Loss Experience Report.pdf

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Attached to
Aviation Hull Protection and Indemnity Insurance
Solicitation number
ITB-09444
Issued by
Leon County, Florida

About this file

This document is an Invitation to Bid (ITB) issued by the State of Florida, Department of Management Services, for Aviation Hull Protection and Indemnity Insurance for the 2024-2025 policy period. The selected broker will be responsible for marketing, securing, and administering the insurance policy, which must provide coverage for aviation physical damage and liability, including hull, specialized equipment, bodily injury and property damage liability, and guest voluntary settlement, for specified state agencies. Bidders must submit their bids, along with an insurer quotation and AM Best rating, by the deadline of August 15, 2024. The solicitation does not mention any set-asides or restrictions on the types of organizations that can respond, but it does encourage the involvement of woman-, veteran-, and minority-owned business enterprises. The current incumbent provider is the National Union Fire Insurance Company of Pittsburgh, PA, with a premium of $118,227 for the first year of the expiring policy. The solicitation does not specify a budget range or award value, but indicates the Department intends to make a single award to the lowest responsive and responsible bidder.

The document also includes a historical loss experience report, which provides detailed claim information for the State of Florida's aviation insurance policies over the past several years. This report shows that there were two claims during the covered period, with a total incurred amount of $79,560.01 after recoveries.

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Solicitation No. 24-64121501-ITB 2024-2025 Aviation Hull and Protection and Indemnity Insurance

Attachment J Historical Loss Experience Report

A historical loss experience report dated May 15, 2024, is provided on the following pages.

AIG Loss Run

Policy : 0004794077-029-023 FLORIDA; STATE OF

0004794077-029-024 FLORIDA; STATE OF

0004794077-029-025 FLORIDA; STATE OF

0004794077-029-026 FLORIDA; STATE OF

0004794077-029-027 FLORIDA; STATE OF

Filters: Status = ALL Requester ID: 098231 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Source: US/CA

The AIG Loss Run is a detail report, providing claim and financial information.

Run additional reports using IntelliRisk at https://aig.com/ir.

Certain claim information may not be available in this report, since data availability can vary based on the insurance program or benefit state (due to regulatory considerations).

The content contained in this report is subject to privacy and security laws and should be handled in accordance with the applicable laws and regulations. This report is intended for review and use by authorized representatives of the insured or other parties authorized by the insured solely for legitimate business reasons. The information contained herein should be treated as privileged and confidential.

If you are not the intended recipient, you are hereby notified that any disclosure, copy or distribution of this information is strictly prohibited, as is the taking of any action by you in reliance on its contents.

If you received this communication in error, please notify us immediately.

AIG | IntelliRisk Services PAGE: 1 866-893-2520 intellirisk@aig.com

PAGE: 2

Aerospace

Policy : 0004794077-029-023 FLORIDA; STATE OF 09/28/2019 - 09/28/2020 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Currency: USD

Claimant Name Div/H.O. Major Class Code/Description Claim # OneClaim # Status Loss Description Adjusting Exp / Loss Date Receipt Date Closed Dt Indemnity Medical Alloc Exp Outstanding Total Total Coins Ind Cause Code Claim Examiner Email Paid Paid Paid Reserves Recoveries Incurred Claim Type Description

014/

No Claims for Policy 0004794077-029-023 / Criteria .00 / .00 .00 .00 .00 .00 .00

.00 / Pol-Asco-Mod: 0004794077-029-023 Claim Count = 0 .00 .00 .00 .00 .00 .00

PAGE: 3

Aerospace

Policy : 0004794077-029-024 FLORIDA; STATE OF 09/28/2020 - 09/28/2021 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Currency: USD

Claimant Name Div/H.O. Major Class Code/Description Claim # OneClaim # Status Loss Description Adjusting Exp / Loss Date Receipt Date Closed Dt Indemnity Medical Alloc Exp Outstanding Total Total Coins Ind Cause Code Claim Examiner Email Paid Paid Paid Reserves Recoveries Incurred Claim Type Description

N107FC 014/977 291 -AIRCRAFT- ALL PERILS HULL ONLY

510-045553-001 7766893045US Closed Proximate damage from hangar damaged bytornado 01/27/2021 01/28/2021 03/26/2021 .00 /

NONE WEATHER ERICK.THOMPSON@AIG.COM .00 .00 1,176.50 .00 .00 1,176.50

HULL

Pol-Asco-Mod: 0004794077-029-024 Claim Count = 1 .00 .00 1,176.50 .00 .00 1,176.50

PAGE: 4

Aerospace

Policy : 0004794077-029-025 FLORIDA; STATE OF 09/28/2021 - 09/28/2022 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Currency: USD

Claimant Name Div/H.O. Major Class Code/Description Claim # OneClaim # Status Loss Description Adjusting Exp / Loss Date Receipt Date Closed Dt Indemnity Medical Alloc Exp Outstanding Total Total Coins Ind Cause Code Claim Examiner Email Paid Paid Paid Reserves Recoveries Incurred Claim Type Description

014/

No Claims for Policy 0004794077-029-025 / Criteria .00 / .00 .00 .00 .00 .00 .00

Pol-Asco-Mod: 0004794077-029-025 Claim Count = 0 .00 .00 .00 .00 .00 .00

PAGE: 5

Aerospace

Policy : 0004794077-029-026 FLORIDA; STATE OF 09/28/2022 - 09/28/2023 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Currency: USD

Claimant Name Div/H.O. Major Class Code/Description Claim # OneClaim # Status Loss Description Adjusting Exp / Loss Date Receipt Date Closed Dt Indemnity Medical Alloc Exp Outstanding Total Total Coins Ind Cause Code Claim Examiner Email Paid Paid Paid Reserves Recoveries Incurred Claim Type Description

N91HP 014/977 291 -AIRCRAFT- ALL PERILS HULL ONLY

510-050956-001 6476491571US Closed Left main gear collapsed on landing, noBI 02/16/2023 02/22/2023 01/02/2024 reported. .00 / NONE HULL ERICK.THOMPSON@AIG.COM 133,005.00 .00 20,378.51 .00 -75,000.00 78,383.51

HULL

Pol-Asco-Mod: 0004794077-029-026 Claim Count = 1 133,005.00 .00 20,378.51 .00 -75,000.00 78,383.51

PAGE: 6

Aerospace

Policy : 0004794077-029-027 FLORIDA; STATE OF 09/28/2023 - 09/28/2024 Report Date / Time: 05/15/2024 07:02 EST Valuation Date: 05/14/2024 Currency: USD

Claimant Name Div/H.O. Major Class Code/Description Claim # OneClaim # Status Loss Description Adjusting Exp / Loss Date Receipt Date Closed Dt Indemnity Medical Alloc Exp Outstanding Total Total Coins Ind Cause Code Claim Examiner Email Paid Paid Paid Reserves Recoveries Incurred Claim Type Description

014/

No Claims for Policy 0004794077-029-027 / Criteria .00 / .00 .00 .00 .00 .00 .00

.00 / Pol-Asco-Mod: 0004794077-029-027 Claim Count = 0 .00 .00 .00 .00 .00 .00

.00 / Totals For Policy: 0004794077 Claim Count = 2 133,005.00 .00 21,555.01 .00 -75,000.00 79,560.01

Aerospace Report Totals: Claim Count = 2 133,005.00 .00 21,555.01 .00 -75,000.00 79,560.01

File details come from the government source that posted it. Updated .