HomeMy WebLinkAboutDocumentation_Workshop_Tab 01_7/1/2024 Agenda Item #1.
Workshop
STAFF MEMO
Meeting: Workshop - Jul 01 2024
Staff Contact: Merlene Reid, Director, HR & Risk Department: HR
Management
KEW
Overview and Discussion Regarding Property & Casualty and Benefits/Health Insurance
SUMMARY:1. Employee Benefits Market Update
a. Current Benefits Program Overview
b. Medical Benefit Overview
c. Municipal Entities Comparisons
d. Health Insurance Market Trends & Trend Factors
e. What to expect in 2024
2. Property & Casualty Insurance Market Update
a. Current P&C Insurance Market Overview
b. Current P&C Policy Coverage
c. Municipal Entities Comparisons
d. What to Expect in 2024
This document and any attachments may be reproduced upon request in an alternative format by
completing our Accessibility Feedback Form, sending an e-mail to the Village Clerk or calling 561-
768-0443.
BUDGET • - •
BUDGET AMOUNT N/A AMOUNT AVAILABLE N/A EXPENDITURE AMOUNT: N/A
FUNDING SOURCES: N/A IS THIS A PIGGYBACK:
❑ Yes ❑x N/A
DID YOU OBTAIN 3 QUOTES?
❑ Yes ❑x N/A
COMMENTS/EXPLANATION ON SELECTIONN/A
Page 3 of 74
Agenda Item #1.
2024-07-01 VOT Council Workshop - PC Ins Market Update
2024-07-01 VOT Council Workshop - EE Benefits Market Update
Page 4 of 74
Agenda Item #1.
cc
4
0 �■■�
J
� z V �
a oCIO
Z � f
o 0C)
C)
U
TO "
w
W
CD cD
Q) L N
CL M N
cn
O 0
� U >'
cn (1) L o
v U)
IA 4-J
4� O L
U) o
ry
O
Agenda Item #1.
U '
a
Z o-
cDa
=O
C9(9
U N
v
o6
Ro
N
� W
LL o
O a- j H
-a) 0
M
L U cn E
� aa) C)
O M
L C: U o
ca _
�� J - •�' C/)
_0 >, � •� o
C U o 4-0a� 0
06N •V = }, O
ED U
am v a) o co J o co
A.-i
� OJ
_j
Q O o
_ O
a) 'cu
L -� � Q � o 0 0 0 0 0 0
V H
Agenda Item #1.
z a
� ;
�� u
1-1-\ 20
> c�
-0 V "
N C0
>
L
-0
O (L) �
U �
U N �
v = I E
.v c� c
> o C: a) M
(n CD X
o
lot `� 06 0- w a�
to O °Z
CL LL O C: o 4-0 o 0
O 0I .� � -0 E
L U � a v
0
�p > O > —0 � p
c6 (� N O =
N cn U N a)
o a)
L — � � cn �
O U �
L 00 W W Z coO � �
V •
Agenda Item #1.
z a
� ;
�� u
20
U) W Q
N
�O
W .� OT
cn �N
LL >, — N U)
N M C
>U •� J .0
r O j _� C�
O a ° M c�
O � � � °� 0
•� U
U O O
�>
O
(n
Ca Co "
-a 0
70
a)
}a . . co E
MENEM AMENN � D a) a)
LU c: E
U O � U CD
a)
c: U
.— ca cn
ME E M
O I I O " •— M
C/) 0 0
Agenda Item #1.
z a
� ;
�� u
20
/Wn QL ;
� N
.C: %00,
.V
O �
0
cu cu4-0
U
>
U O
C: Ca
N N o m .�
CD co L M
N ( N cn G
rM
� U)
.— + (L) o
4-106 0 0 � (n 0) M CC LO
v O N O 'E E
� - Co � •L
O ♦--' � — � _0 � CD-
Co
0 � •Co O p —
x E moo _ � o
0
4=0 O (n N LLU
O U L
O
N U
E _� U ° c p
S O C6 I O
UE
Agenda Item #1.
z a
�� u
20 �
/Wn QL,n ;
V V
U LS �
y
6
'C
.M
E �1
ol
O
4-1 L
L- IT--
�O N o
N U � L.0
O -
N }, ca ca o 0
co
0 ?> },
.� .V � L C
o
�+ O +� c
Q
' c� o
V O LO o U
c
° a' o 'M CIO 06
'> ° E
Q- c -i LU
0
N J V o -2 o
� O c U O n
o 0 0
s - L)
M
LL CDL
Agenda Item #1.
z a
� ;
�� u
20
/Wn QL ;
V V
Q V
OLD
N
�� � (n J N
cn .0
ca O ° ._ •�
LO
CIO o (D co 'U
.� QL
O O U
� U .— •� o
N � '— Mti }'
CD
N — o
= � U � �
N � o0 0 � =3 co U
O M M � N U Q
>> O Q Q L
O > — cu
v O Co Q
N — E
� > O ._ > O
x +� }' O U
c N U) C: O � � O
W w r� = Cv 4-5 U C6
0
O > � U v .� Q � L
S LO 0 00 � o co
W
Agenda Item #1.
z a
� ;
�� u
20
/Wn QL ;
� N
N
N
N
6
Fdo
N
I
I
06
I
00
O
■
I
O
■
■
Agenda Item #1.
z
U z �
Z � o Q m �
= O "W
w C a CQ 4) M
cr E
a � •� N
(1) UJ �C o
- L
2)
IA4-J cn
Q
U
.� L
> Q
Page 13 of 74
Agenda Item #1.
z a
� ;
�� u
20
/
Wn QL ;
(D(D
LS
N
4-1N� %00 N
—m
N
■ — NN
� (D
0)
CoCO
Ocu
� � o
E cn� � 06
c� Q
L � �
CD C � M
a) � E
O oo
�
L -i� •�
am � >' oo� O N
c L
p i5 0—
■—
E 06
w i:n
� o o Q CD- I n
4> >_ o � Eo n
m J Q
� � °,
> �
o U) o
4-1 LE5O •F 2 � c-
L o .� c� o o
L 0 - > � o > m » w
V
C ) ._
r�
Page 14 of 74
Agenda Item #1.
z a
� ;
�� u
20
/Wn QL,n ;
V V �
O
O %00 V
-
�--� up
cn-0 v CIO
co
0 cn
> > CU
EZ O
co co
m � C:) O
M co
4-0
� c U cn p
a) E -- 0
_ _
— U) 7C) L(-) O O ° N
C O � O
}, O C CO cn E
C o N M � '— �
Q — Cn J — >
20 E O
(D O LL LL c))
Page 15 of 74
Agenda Item #1.
z a
� ;
�� u
20
w/nL,
V V F
V <
N � O %OOyT
U .UIMMEM
_ NN
c6
p .� a) ° U
r o — -0
0to O O � N N � co
L N �� E
Zi 0
� � -0 x
O °� >1 a) L
Co 0 O O0 can �
U � cn (D 4) —
C� _0 0 — U
MENEM E E LN L— a)AMEN 0 � LLJ CO O O O
i CO > ` �
LU a) (n U)
O 4-0
a--� E
ME
LZ C: QL 0
a) I 4) O 4
m cn O
Page 16 of 74
Agenda Item #1.
z a
� ;
�� u
20
• wLv
M
to cD
0—
LS
LD
LZ �u
O '5; co r1C
r
� ° o
O
C
co
L.
Ol
4) U O O 0-
U O c�
� � L r-- M
EC)
>, o
0 (1) 00�
0 -a (D 1*--O%l
U') CO c0 Ln
V cnEE
W O
�+MENEM > U? a N
W - �+ 0- M
c� � EWULL
O + + +
CL
� � � o ^0 ^ ^ ^
0 0 0
■E 'r , O �.L CL �L �.L
'E
cn o =3aD wwww
Page 17 of 74
Agenda Item #1.
U '
a
m S.
N L1/
rl"iO =0
N Lu w
N (D(D
O �
N ■„ x
4-1 O a
�R N
`v M
O N
W N m
pEn
CO o, N
C, 00Fdo
-
� o
� N
U �
L N
O C
U u,
L o
�=M a� C �E
O ,� N
}0 C: s
C: C6 3 Niz
L OU
J
L N I
2
/ O In
O
Co
1O
O E
N E
U L u
o —
N
O
U N
CIO �
M � �
0
• 0
LO
(a �-�+ a CD
CD
CD
(� N
M o
� U � o
N �
Q fV
O
v
Co � o
o °
4�
w`
(1 1 O O O O O O O
VVII Co O O O O O O +/� Y
O O O O O O U
O O ui O v
N N i- -
M -I c-I i/} �
Page 18 of
Agenda Item #1. C
z a-
o
V! W O W
C: C (/ F
O Nq N
t
U d @ N
N
C) -L
Q a-0 o
Y 5 � Fdo
O a
0 CL .�
V (D U) (D 2
LL
U) _
c > �l �
a�
N Q. ` O (I
O
•> O V�� M
LM
Q cc
-FM
v O
Y w
� 0
•Q Q �
Q 4- a _ 0) a
R '� aa �
t
w
- N
Q M ir i t�
2 O U N v cU.
•�
O O J W LL 0 0 •O
c�CL LL .= Q N .N t -0
'00 N ` _ / �� C o'� 0
o
Q � � tir 0 Ui
- J -
WQ�
a)E-E
N N '1 WQ C i+U U
LU
c N
a` � � ..... E0
c
c Q V) o
CU
7;q Page 19 of 74
Agenda Item #1.
z a
� ;
�� u
20 �
w` M
F
t
C� '> O %OOOT
V Q— 1�m
O '� NN
(1) 0 0 Fdo
E — cu
o >,
o cn COCo - ;
a�
a)
aj � -0 � O i
Cu — o E :
E =3 0
� co
� - E C6
N �, >cu
U
N Co
M p 'p Cll
U U p CCS >
CO 4) Cll cn
•— vcn o Ocn
cn
cn 0 -0 °6 U
E � o a)
� 2:1) Eow� — � 'N CO J O
x c � �
W O � O � p � O �
> Opp ' o '�
O cn 10
� � �
�+ CO U ca
CO 4-0
0 CO CO 0
S cn (D LL c�
u- .E— CD 0� 0
Page 20 of 74
Agenda Item #1.
z a
� ;
�� u
20
/Wn QL ;
� N
N
N
N
6
Fdo
N
_I
L.
Q
Q
06
O
CY
O
Page 21 of 7