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34.

Meeting Date:	10/26/2015
Midwest Employers Casualty Co. renewal contract
Submitted for:	Cynthia Mares	Submitted By:	Elizabeth Araiza
Department:	Administrative Services

Subject:

Discussion and possible action to amend court action taken on July 27th, in regards to approval of renewal contract with Midwest Employers Casualty Company, for Webb County's Excess Workers Compensation plan. The Court had approved a renewal premium amount of $133,082.00 (annual); at the time of Court action, the "final payroll numbers were not in. Final numbers were submitted, but this resulted in an "additional" amount needed. The difference needed is $6,215.00. If approved, the difference will be taken from Accounts #817-0105-6035 (Workers Compensation) and #001-0114-6032 (Property Casualty Premiums).

Issue: Annual renewal of Excess Workers Compensation Insurance. Final numbers have resulted in an increase, different from what was approved by court.

Solution: Being able to pay the premium that will insure county employees above the standard Workers Compensation limits.

Result: Protection for employees beyond the self-insured level.

Background:

N/A

Previous Court Action:

July 27, 2015; Court approved renewal contract of Midwest Employers Casualty Company for Excess Workers Comp.

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
If approved difference will be taken from account 817-0105-6035 Workers Comp. Premium and 001-0114-6032 Property/Casualty Premium.

Attachments
Wells Fargo Ins. Services