Agenda 01/26/2021 Item #16E 5 (Final Settlement Agreement - Hurricane Irma)01/26/2021
EXECUTIVE SUMMARY
Recommendation to approve and authorize the Chairman to sign a final Settlement Agreement
between Collier County and Underwriters at Lloyd’s of London, et. al. to close all remaining open
claims arising from Hurricane Irma in the amount of $1,477,306.38.
OBJECTIVE: To close all remaining property insurance claims arising from Hurricane Irma.
CONSIDERATIONS: Hurricane Irma made landfall in Collier County on September 10, 2017 causing
significant damage to County owned property and operations. At that time, Collier County had in force a
property insurance policy underwritten by Lloyd’s of London as the primary carrier and other secondary
carriers (aka the Market) to respond to the event. The Risk Management Division, in coordination with
affected Divisions, received and processed eight hundred twenty-nine (829) claim files involving
thousands of estimates, invoices, reports, and other documents. The Division coordinated the processing
of these files through the County’s adjusting company, Johns Eastern, and the Market. The deadline for
all final claims submissions associated with Hurricane Irma ended at midnight, September 9, 2020.
Currently, there are thirty-three (33) open claim files. In order to bring closure to the Hurricane Irma
event from an insurance perspective, staff reviewed all outstanding invoices and submitted a final
payment request to the Market totaling $1,477,306.38. The Market agreed to the payment request and
submitted the attached Settlement Agreement to finalize the full release of all claims. Once approved by
the Board, the Market will issue payment to the County and the Risk Management Division will issue
remaining claims payments to the affected Divisions from Fund 516, Property and Casualty Insurance.
This will close the remaining thirty-three (33) files.
Finally, the insurance closure process will fulfill the County’s statutory obligations under the Stafford Act
that includes the duty to procure and maintain property insurance coverage and to account for insurance
proceeds applicable to damaged property.
FISCAL IMPACT: The County will receive reinsurance recoveries in the amount of $1,477,306.38 to
be credited to Fund 516, Property and Casualty Insurance. These proceeds will be used to issue final
claims payments to the affected Divisions.
GROWTH MANAGEMENT IMPACT: None.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to
form and legality and requires majority vote for Board action. -JAK
RECOMMENDATION: To approve and authorize the Chairman to sign the attached Release to finalize
all outstanding insurance claims arising from Hurricane Irma.
Prepared by: Jeffrey A. Walker, CPCU, ARM, Director, Risk Management Division
ATTACHMENT(S)
1. Lloyd's Settlement 1.08.210001 (PDF)
16.E.5
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01/26/2021
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.E.5
Doc ID: 14693
Item Summary: Recommendation to approve and authorize the Chairman to sign a final
Settlement Agreement between Collier County and Underwriters at Lloyd’s of London, et. al. to close all
remaining open claims arising from Hurricane Irma in the amount of $1,477,306.38.
Meeting Date: 01/26/2021
Prepared by:
Title: Division Director - Risk Management – Risk Management
Name: Jeff Walker
01/08/2021 2:05 PM
Submitted by:
Title: Division Director - Risk Management – Risk Management
Name: Jeff Walker
01/08/2021 2:05 PM
Approved By:
Review:
Administrative Services Department Paula Brethauer Level 1 Department Reviewer Completed 01/12/2021 9:56 AM
Administrative Services Department Len Price Level 2 Department Head Review Completed 01/12/2021 3:33 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 01/12/2021 4:52 PM
Office of Management and Budget Laura Wells Additional Reviewer Completed 01/13/2021 10:32 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 01/13/2021 11:41 AM
County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 01/13/2021 5:03 PM
Board of County Commissioners MaryJo Brock Meeting Pending 01/26/2021 9:00 AM
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Packet Pg. 777 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 778 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 779 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 780 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 781 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 782 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)
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Packet Pg. 783 Attachment: Lloyd's Settlement 1.08.210001 (14693 : Approval of a Settlement Agreement to Close Hurricane Irma Insurance Claims)