Annual Report for 2019-2020 Office of Risk Management Division of Administration Table of Contents EXECUTIVE STAFF ............................................................................................................................................................... 5 CONTACT INFORMATION ................................................................................................................................................... 5 VENDORS ............................................................................................................................................................................ 5 MISSION ............................................................................................................................................................................. 6 COVERAGES ........................................................................................................................................................................ 6 EXPOSURES REPORTED ...................................................................................................................................................... 7 REPORTED EXPOSURES AS OF 06/30/2020 ............................................................................................................................ 7 UNDERWRITING ................................................................................................................................................................. 8 COMMERCIAL INSURANCE PLACEMENT .................................................................................................................................. 8 BILLED PREMIUMS .............................................................................................................................................................. 8 UNDERWRITING ACTIVITIES .................................................................................................................................................. 9 Monthly Newsletter .................................................................................................................................................. 9 Conferences and Consultations ................................................................................................................................ 9 Property Exposure Workshops ................................................................................................................................ 10 Building Appraisals ................................................................................................................................................. 10 Consultations .......................................................................................................................................................... 10 LOSS PREVENTION ............................................................................................................................................................ 11 SAFETY AUDITS AND INVESTIGATIONS .................................................................................................................................. 11 LOSS PREVENTION CONSULTATIONS AND TRAINING ................................................................................................................ 11 MONTHLY SAFETY SPOTLIGHTS ........................................................................................................................................... 11 TARGETED RISK IMPROVEMENT PROGRAM (TRIP) ................................................................................................................. 11 DISASTER MANAGEMENT AND RECOVERY UNIT .............................................................................................................. 12 NEW EVENTS FY20 .......................................................................................................................................................... 12 ORM AS THE STATE’S FEMA SUB-RECIPIENT (EFF. 8/27/2012) ............................................................................................ 12 DISASTERS THAT OCCURRED PRIOR TO AUGUST 27, 2012 .......................................................................................... 13 CLAIMS ............................................................................................................................................................................. 14 CASH EXPENDITURES BY LINE OF COVERAGE .......................................................................................................................... 14 NEW CLAIMS OPENED (FY20) ........................................................................................................................................... 15 NEW CLAIMS OPENED – FIVE-YEAR TREND BY COVERAGE ....................................................................................................... 15 GENERAL LIABILITY (GL) .................................................................................................................................................... 16 MEDICAL MALPRACTICE .................................................................................................................................................... 17 PROPERTY CLAIMS ............................................................................................................................................................ 17 ROAD HAZARD CLAIMS ..................................................................................................................................................... 18 TRANSPORTATION CLAIMS (INCL. AUTO, AIRCRAFT AND MARINE VESSELS) ................................................................................. 18 WORKER’S COMPENSATION ............................................................................................................................................... 19 CLAIMS BY COVERAGE AND AGENCY .................................................................................................................................... 20 CGL .......................................................................................................................................................................... 20 Cyber Liability .......................................................................................................................................................... 23 Future Medical Care Fund ...................................................................................................................................... 24 Medical Malpractice ............................................................................................................................................... 24 Property .................................................................................................................................................................. 25 Road Hazard ........................................................................................................................................................... 28 Transportation ........................................................................................................................................................ 28 2 Workers Compensation .......................................................................................................................................... 32 FINANCIAL STATEMENTS .................................................................................................................................................. 37 OFFICE OF RISK MANAGEMENT .......................................................................................................................................... 37 AUTO LIABILITY ................................................................................................................................................................ 38 AUTO PHYSICAL DAMAGE .................................................................................................................................................. 39 BONDS AND CRIME ........................................................................................................................................................... 40 GENERAL LIABILITY ........................................................................................................................................................... 41 MARINE, AVIATION AND BOILER & MACHINERY .................................................................................................................... 42 MEDICAL MALPRACTICE .................................................................................................................................................... 43 PROPERTY ....................................................................................................................................................................... 44 ROAD HAZARD ................................................................................................................................................................. 45 WORKERS' COMPENSATION ............................................................................................................................................... 46 MISCELLANEOUS .............................................................................................................................................................. 47 NOTES TO THE