CC MINUTES 05121987 - Laserfiche WebLink

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• -8- Council Action Motion by Ranallo, seconded by Makowske to adopt Resolution 87-019 with correction of the date for the Clerk' s Certificate. RESOLUTION 87-019 A RESOLUTION VACATING A PORTION OF EASEMENT Motion carried unanimously. NEW BUSINESS 1987-88 INSURANCE RENEWAL PACKAGE As indicated in the City Manager' s May 8th memorandum, Mr. Flaten had compiled the price quotes he had gotten on various aspects of the above and Councilmembers were provided copies of his report before the meeting. The City' s insurance consultant reported further that: -quotes for the umbrella coverage had not come in yet but he expected them to match last year' s figures; • -Worker' s Compensation rates had gone down considerably, although the City' s experience modification has risen; -commended the City and its employees for their efforts under the Claims Management program, which, as long as there were no further claims between April 1 and June 1, would result in a return premium of about $54,000 for the City; -pointed out that under the Retrospective Rating Adjustment program, the City had been able to save close to $20,000 because a large claim had been pushed back to a prior year; -advised that past experience would seem to indicate the City should successfully be able to take higher property and general liability deductibles as he had shown on the report; -told the Council he perceived the League of Minnesota Cities In- surance Trust was the best program available for them; -said he perceived the insurance climate had stablized somewhat when it came to general liability even though the League Trust had chosen not to return all the premiums they could to the cities. Mr. Childs indicated staff perceived higher deductibles should be based on the number of occurrences and recommended he and Mr. Flaten be directed to seek another quote from the League Trust based on an aggregate deductible cap.