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Annual Policy premium reduction from FY07 to FY08 of $220,280

Safety, Health, Environment & Risk Management FY07 Risk Finance Summary for Work Force & Property Insurance Lines.

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Annual Policy premium reduction from FY07 to FY08 of $220,280

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  1. Safety, Health, Environment & Risk ManagementFY07 Risk Finance Summary for Work Force & Property Insurance Lines

  2. UTHSC-H Employee Injury Reports and Worker’s Compensation Insurance Premium Trends, FY01 to 08Note: insurance premium influenced predominantly by market conditions, employee payroll, head count, injury frequency and severity Oversight by SHERM initiated Projection $570,000 in annual premium savings Annual Policy premium reduction from FY07 to FY08 of $220,280

  3. UTHSC-H Residents Injury Reports and Worker’s Compensation Insurance Premium Trends, FY01 to 08Note: insurance premium influenced predominantly by market conditions, employee payroll, head count, injury frequency and severity Oversight by SHERM initiated Projection $68,000 in annual premium savings Annual policy premium reduction from FY07 to FY08 of $36,000

  4. Workers’ Compensation Insurance Premium Adjustment for UTS Health Components Fiscal Years 2003 to 2008(discount premium rating as compared to a baseline of 1, three year rolling average adjusts rates for subsequent year) UT Health Center Tyler (0.17) UT Medical Branch Galveston (0.16) UT HSC San Antonio (0.13) UT Southwestern Dallas (0.13) UT HSC Houston (0.09) UT MD Anderson Cancer Center (0.07)

  5. Possible Range of Annual WCI Premium (Assuming no change in population or payroll)

  6. Other Property Policies

  7. Other Property Policies

  8. SHERM’s Total Cost of Risk Transfer

  9. Future Considerations • SHERM recommends consideration of the development of a retained loss pool for property. • Retained losses: those < $250,000 property deductible or due to excluded perils • A retained loss pool would provide resources to promptly assist in restorative activities when damage occurs in laboratory and office space. • Could also provide “up front funds” in cases of subrogation.

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