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May 4, 1992 <br /> Page 2 <br /> Total all claims reported 72 <br /> Total claims closed without payment 42 <br /> Total claims less than $5,000 26 <br /> Total claims over $5,000 4 <br /> Of the four claims which exceeded $5,000 the year of occurrence and the amount of <br /> each claim is: <br /> 1986 $ 230,000 <br /> 1987 $ 12,612 <br /> 1988 $ 16,695 <br /> 1990 $ 20,000 <br /> The premium savings for increasing the deductible to $10,000 is $5,000 per year. In <br /> four of the last five years the City would have paid an additional $5,000 in claims for <br /> a total additional cost of $20,000. The savings in premium during that time would <br /> 'have been $25,000 for a net savings of $5,000. If any year were to have two losses <br /> over $10,000 the City would loose money with this deductible arrangement. I do not <br /> feel that there are sufficient premium savings to justify assuming the additional <br /> financial risk of a $10,000 deductible. <br />