1. Oakland Unified School District 2002-2003 Insurance Program Review Prepared by: Ron Martin Keenan & Associates September 30, 2002

2. Oakland Unified School District P&C Insurance Coverages Liability Property Workers Compensation Boiler & Machinery – Equipment Breakdown Public Employee Dishonesty – Crime & Fidelity Travel Accident Electronic Data Processing Coverage Voluntary Student Accident

3. OUSD 2003-2004 Insurance Goals & Objectives Research and Evaluate Alternative Excess Markets and ability to buy down $1,000,000 per occurrence limit Research and Evaluate Alternative Excess Workers Compensation Markets to fully transfer risk vs. self-insurance pooling

4. OUSD 2003-2004 Insurance Goals & Objectives (contd) Buy-down Boiler & Machinery deductibles with minimum to no increase in premium Increase Crime Limits with minimum to no increase in premium Research, Review and provide Owner Controlled Insurance Program options to eliminate district construction risk exposures

5. Oakland Unified School District Liability Structure Schools Excess Liability Fund (SELF) $14,000,000 excess of $1,000,000 Per occurrence Claims Administrator: George Hills Company $1,000,000 Self-Insured Retention Per occurrence Claims Administrator: Oakland Unified Legal Department

6. Oakland Unified School District Property Structure Schools Association for Excess Risk (SAFER JPA) $149,750,000 Excess of $250,000 Per occurrence Claims Administrator: Keenan & Associates $250,000 Self-Insured Retention Per Occurrence Claims Administrator: OUSD Building & Grounds

7. Hartford Steam Boiler Re 100% $150,000,000 $100,000,000 $50,000,000 $15,000,000 Discover P&C $5,250,000 $250,000 OUSD 2002- 2003 Property Structure

8. Oakland Unified School District Workers Compensation Structure Schools Excess Liability Fund (SELF) Statutory Limits excess of $300,000 *Self-Insured per occurrence $300,000 Self-Insured Retention Per Occurrence Claims Administrator: JT2 Integrated Resources

9. Boiler & Machinery Coverage Chubb Insurance Company Admitted A rated $50,000,000 Limit of Coverage Per Occurrence *$10,000 Deductible Valuation: Repair & Replacement

10. Public Employees Dishonesty (Crime & Fidelity) Hartford Fire Insurance Admitted A rated *250,000 Policy Limit per occurrence $1,000 Deductible Covered Property: Money, Securities and other Covers dishonest acts of employees …identified or not

11. Oakland Unified School District Travel Accident Hartford Insurance Company Admitted A Rated $150,000 Per Occurrence limit for Class I & II employees (Board, Superintendent, Deputy Supt, General Counsel, Asst. Supts, Controller, Directors, &Board Executive Assistant) $ 50,000 Per Occurrence limit for Class III employees (All other salaried employees under age 70) 24/7 protection for business purposes only $900,000 Aggregate limit for all Classes

12. Oakland Unified School District Electronic Data Processing Federal Insurance Company Admitted A Rated $25,000,000+ Limits per occurrence $ 3,800,000+ per location $1,000 Deductible

13. Oakland Unified School District Premium Summary CoveragePolicy Term2002 Premium2003 Premium Excess Liability07/01/02-07/01/03$109,530$182,312 Excess Property07/01/02-07/01/03$490,800$487,610 ($133,415 savings) Excess Workers Comp 07/01/02-07/01-03$196,625TBD Boiler & Machinery 07/01/02-07/01/03$46,117$50,387 Crime06/02/00-06/02/0300 Travel Accident07/16/02-07/16/05$1,345$2,803 3 year premium EDP08/01/02-08/01/03$72,432$88,755 Voluntary Student Accident 09/05/02-09/05/03$2,000 Printing charge $2,000 Printing Charge

14. QUESTIONS?