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Finance Committee Agenda and Packet 2024 01 18
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Finance Committee Agenda and Packet 2024 01 18
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8/27/2024 3:12:46 PM
Creation date
1/25/2024 11:49:37 AM
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City Council Records
Meeting Date
1/18/2024
Doc Type
Boards Commissions Committees Records
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Loss History <br />Year <br />Property Loss Ratio <br />3 Year Loss Ratio - 19-21 <br />1153% <br />Currently the 3 year loss is 1153% for property this is 2019 to 2021 Approx earned premium $562,769 total <br />2022 <br />460% <br />2022 loss ratio is 460% for property which impacted the total account for a total loss ratio of 197% for all lines <br />2021 <br />2654% <br />2021 loss ratio for all lines is 1,078% and 2,654% for property <br />2020 <br />2% <br />2020 the property loss ratio was 2% <br />2019 <br />78% <br />2019 property loss ratio was 78% <br />2018 <br />1591% <br />2018 the property loss ratio was 1,591% and 757% for the total account. <br />2017 <br />14% <br />2017 total account was 53% and property was 14% that year was driven by WC losses <br />5 Year Loss Ratio 17-22 <br />24 Property claims over the last 5 years <br />PROP - BMD, FIRE, IM, OA, PROP <br />2017, 20'18,2019, 2020,202'1,2022 <br />INC S9,025.619.59 <br />P D S4.076.900.26 <br />CIS S4,948,719.33 <br />Claim Total 24 <br />Open 3 <br />Closed 21 <br />
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