Agenda 01/13/2009 Item #16E 5Agenda Item No. 16E5
January 13, 2009
Page 1 of 3
EXECUTIVE SUMMARY
Recommendation to approve a Release and to accept payment in the amount of $155.55
resulting from the voluntary settlement between Willis Group Holdings, Inc. and the
Office of the Attorney General.
OBJECTIVE: To receive approval of a Release and to accept proceeds in the amount of $155.55
resulting from the voluntary settlement of the investigation of Willis Group Holdings, Inc. by the Office of
the Attorney General on behalf of public entity clients in Florida regarding the matter of undisclosed
insurance carrier compensation.
CONSIDERATIONS: In November, 2004 the Attorney General of Florida issued subpoenas to
approximately ten insurance brokerage firms in the State of Florida to examine the compensation
practices of these firms and to determine if they were in violation of Florida's antitrust laws, Chapter
542, Florida Statutes. This action was similar to actions taken in New York which involved the Attorney
General of New York and the brokerage firm of Marsh and McLennan, Inc.
Willis Group Holdings, Inc. was a party to the investigation. Willis provides benefits brokerage services
to the County. Willis cooperated with the investigation and ultimately agreed to a voluntary settlement
with the Attorney General of Florida. As part of the settlement, Willis admitted no wrongdoing or
liability.
On November 25, 2008 a letter and Release form was received by the County from the Attorney
General's office requesting that the Release form be signed in order to distribute the eligible proceeds
of the settlement to the County.
Staff requests approval of the Release and authorization for the Chairman to sign the Release to
complete the settlement process.
FISCAL IMPACT: The County is eligible to receive $155.55 from the settlement of this matter. These
funds will be deposited to Fund 517, Group Health and Life, upon receipt.
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
item.
LEGAL CONSIDERATIONS: There are no legal considerations associated with this item. This item
is not quasi judicial, and as such ex parte disclosure is not required. This item requires majority vote
only. WEM Assistant County Attorney
RECOMMENDATION: It is recommended that the Board of Commissioners approves the Release and
authorize the Chairman to execute the document.
PREPARED BY: Jeff Walker, CPCU, ARM, Director Risk Management
Page I of I
Agenda Item No. 16E5
January 13, 2009
Page 2 of 3
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
Item Number: 16E5
Item Summary: Recommendation to approve a Release and to accept payment in the amount of $155.55
resulting from the voluntary settlement between Willis Group Holdings, Inc. and the Office of
the Attorney General.
Meeting Date: 1/13/2009 9:00.00 AM
Prepared By
Jeffrey A. Walker, CPCU,
ARM
Risk Management Director
Date
Administrative Services
Risk Management
1 211 0/2 00 8 12:22:43 PM
Approved By
William Mountford
Assistant County Attorney
Date
County Attorney
County Attorney Office
1211012008 1:15 PM
Approved By
Jeffrey A. Walker, CPCU,
ARM
Risk Management Director
Date
Administrative Services
Risk Management
1211612008 2:12 PM
.Approved By
Len Golden Price
Administrative Services Administrator
Date
Administrative Services
Administrative Services Admin.
12116/2008 2:48 PM
Approved By
OMB Coordinator
OMB Coordinator
Date
County Manager's Office
Office of Management & Budget
1 211 8/2008 1:35 PM
Approved By
Laura Davisson
Management & Budget Analyst
Date
County Manager's Office
Office of Management & Budget
12/18/2008 3:04 PM
Approved By
Jeff Klatzkow
Assistant County Attorney
Date
County Attorney
County Attorney Office
12/2212008 8:14 AM
Approved By
James V. Mudd
County Manager
Date
Board County
Commissioners
County Manager's Office
12122,!2008 1:07 PM
tile: / /C \A�endaTest \Fxnor \131- .lanuary °/ l'oe 1 00009 \16 _0/',,?OCONSF.NT%?OAGFNDAA 1/70009
rel6ases; remise, &f, gives, "acquits, 'and forever`dtscharges WILLIS' Including any .parent, °,+
subsidiary, or affiliated �olnpany of "WiLLIS, and their, respective�'prodecessors, successors
assigns,:fornier'and cuffrent officers, directors;' agents, rcpresefi6tives, officials, attorneys. and " = '
employees of and', from all.'manner of actions, pause and causes of action, - suits, darnages; 11 Whether compensatory; consequential or punitive awards,,claimsy demands and judgments
whatsoever, whether sounding in contract, quasi - contractor tort, in law_ or in equity, or any right
or participation in; any class action, which Releasor now has against WILLIS or which it ever
had or 'which Rcfeasoc's successors or assigns 'herca fter can, shall or may have regarding
WILLIS's receipt of undisclosed compensation from insurers through the date of the execution `
of this Release...Rel"easor acknowledges that, in making this-release, WILLIS does not adinitany t
`liability to Releasor: .
In WITNESS 'WHEREOF, the undersigned has caused this RFLEASE to be executed
2000 ,
RELEASGR:
Public Entity: Collier County Government
By Its:
Signature:...
D ; te: