Okaloosa County BOCC — July 1, 2014 — ACTUARIAL Glicksman — reading text

r County att At tyornky Cor Rov FT She we el Naf he: viel KIS Kuschy he oh corp peck cath Cor Ve for pralke WMS Thy PD al eat CONTRACT & LEASE INTERNAL COORDINATION SHEET Contract/Lease Number: Tracking Number: TAG -14 Contractor/Lessee Name: Grant Funded: YES NOo_X_ Purpose RFE AetuarsefSeveee_ REP 46-14 Date/Term: TAD ‘1, CL] GREATER THAN $50,000 Amount: TBO 2. [-] GREATER THAN $25,000 Department: R wv 3. L] $25,000 or Less Dept. Monitor Name: Kecluru-~ / k eof) Document has been reviewed and includes any attachments or exhibits. Purchasing Review Procurement requirements are m All Date: 4-Y 14} Purehasing)Director or Designee Soanne. Kubl,’ k. Risk Management Review Approved ap en: fe / boty ff Ly phiel Vy) Date: YELF ar eo designee Cube ken / Lb ~~, County Attorney Review Ny , Approved as writ les ares, ow Date: My ~q{-is Ss itaing Okaloosa County approval: Contracts & Grants Document has been received: Date: Contracts & Grants Manager yw l4 PROVIDE ACTUARIAL SERVICES OKALOOSA COUNTY BOARD OF COUNTY COMMISSIONERS Loli tion RANKING SHEET RM 46-14 By re Conrocotirt Alunbes GLICKSMAN | ACTUARIAL AMI BUTLER, ACTUARIAL | ACTUARIAL RANKING RISK DUNLAP & | CONSULTING & CRITERIA LINDQUIST TECHNICAL JON MORRIS Go 24 |4a | 579 TI 7 GARY REAL joo | 75 |93 | go | ®! BO GARY STANFORD qS os BS 7% eS “7 3 DAVE PARISOT GI g 13 p= Zl 77 2 TOTAL 19 AL 4 9 9 OINTS ; 32 a Agq |A 34% d 30 © POSSIBLE) _ a a Or OS) (CONTINUED ON NEXT PAGE) Page 1 of 2 PROVIDE ACTUARIAL SERVICES OKALOOSA COUNTY BOARD OF COUNTY COMMISSIONERS RANKING SHEET RM 46-14 Al CASUALTY SELECT BICKMORE RANKING ACTUARIAL | ACTUARIAL CRITERIA JON MORRIS S si 55 GARY REAL G5 79 q? GARY STANFORD & D b D 4 2) DAVE PARISOT Ga 6L Aly TOTAL POINTS aoopossiatey| 34 & | 25 4 | 30 | a @ @ RANKING: 1 Abana 6 Bie Thembe-, 2 Coach Cet 1 Aetumriep leak 3 AMT 8 Cort ne ntone : 1 Bid more 9 Sede of fh tantel 5 AetneltTechneef PREPARED BY: oa one Kb [. k JUNE 6, 2014 a j DATE SIGNATURE: CS Ce af 7 Page 2 of 2 Mr. Steven Glicksman, FCAS, MAAA Glicksman Consulting, LLC 599 West Royal Palm Road, Suite A Boca Raton, Florida 33486 Land phone 561 994 4385 Cell phone 561 866 9371 Electronic fax 760 462 3820 http:/www.glicksmanconsulting.com SGlicksman@GlicksmanConsulting.Com April 23, 2014 Okaloosa County Purchasing Department Attn: Zan Fedorak 602-C North Peart Street Crestview FL 32536 (850) 689 5977 PROVIDE ACTUARIAL SERVICES OKALOOSA COUNTY BOARD OF COUNTY COMMISSIONERS RFP #: RM 46-14 RFP DUE: May 2, 2014 @ 4:00 P.M. We appreciate this opportunity to. submit this actuarial services proposal to Okaloosa County (the County). This proposal is from Glicksman Consulting, LLC. It contains the following: 1. Cover Letter ll. Actuarial Analysis Services Proposal Ill. Fee Proposal Each section is detailed below: I. Cover Letter The County is self-insured for workers compensation, automobile liability, general liability and property. General liability includes public officials and employment practices liability claims. Property includes automobile physical damage claims 1. We confirming that we meet the minimum qualifications required. > Glicksman Consulting, LLC is organized under the laws of Florida. >» Mr. Steven Glicksman is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He is responsible for the Actuarial Services. > Mr. Steven Glicksman has twenty-five (25) years of experience in providing actuarial analyses for self-insured insurance programs for public entities, including many in Florida. >» Please contact our references as evidence of our ability to maintain an adequate professional and non-professional staff to fulfill our obligations to provide all of the Actuarial Analysis Services. 2. References Osceola County, Florida Mr. Reginald Davis (407) 742 1262 Reginald. Davis@osceola.org Complete annual actuarial studies of the self-insured workers compensation program. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. . Estimated outstanding losses were apportioned into short-term and long term: payables, confidence level analysis, and comparison to previous studies. 2013 to present Orange County, Florida Ms. Susan Martin, ARM-P, CWCP (407) 836 9639 Susan.Martin@ocfl.net Complete annual actuarial studies of the self-insured workers compensation, liability and property programs... Work: includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and’comparison to previous studies. Analysis of various self-insured retentions 2009 to present Palm Beach County, Florida Ms. Nancy Bolton, Director (561) 233 5400 NBoiton@pbecgov.org Complete annual actuarial studies of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies. 2011 to present Collier County, Florida Mr. Jeff Walker (239) 252 8973 JeffWalker@CollierGov.Net GLICKSMAN CONSULTING, LLC 2 Complete annual actuarial studies of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies. 2011 to present Leon County, Florida Ms. Karen Harrell (850) 606 5120 HarrellK@leoncountyfl.gov Complete annual actuarial studies of the self-insured workérs compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies, 2012 to present Pinellas County, Florida Ms. Virginia E. Holscher, CPCU (727) 464 3559 vholscher@pinellascounty.org Complete annual actuarial studies: of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend: future funding and cash-flow analysis. Estimated outstanding losses were apportioned into:short-term and long term payables, confidence level analysis, and comparison to previous studies. 2013 to present Santa Rosa County, Florida Mr. DeVann Cook or Ms. Melissa Lloyd (850) 983 1863 MelissaL@santarosa:fl.gov Complete annual actuarial studies of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR);;recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies. 2013 to present City of Fort Lauderdale, Florida Mr. Guy Hine (954) 828 5439 GHine@fortlauderdale.gov Complete annual actuarial studies of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated GLICKSMAN CONSULTING, LLC 3 outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies. 2008 to present City of Miami Beach, Florida Ms. Allison Williams (305) 673 7000 AllisonWilliams@MiamiBeachFl.gov Complete annual actuarial studies of the self-insured workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and cash-flow analysis. Estimated outstanding losses were apportioned into short-term and long term payables, confidence level analysis, and comparison to previous studies. 2005 to present City of West Palm Beach, Florida Mr. Michael Garza (561) 494 1135 MGarza@wpb.org Complete annual actuarial studies of the self-insured. workers compensation, liability and property programs. Work includes estimating outstanding losses (including IBNR); recommend future funding and..cash-flow analysis. Estimated outstanding losses were apportioned into ‘short-term and long term payables, confidence level analysis, and comparison to previous studies. 2012 to present 3. Contact Information Mr. Steven A. Glicksman, FCAS, MAAA Glicksman Consulting, LLC 599 West Royal Palm Road, Suite A Boca Raton, Florida 33486 Telephone (561) 994.4385 Cell (561) 866 9371 Fax (760) 462 3820 SGlicksman@GlicksmanConsulting.Com Our provider identification (EIN) is 80 011 6224 4, Deviations from RFP We have no deviations from the RFP ll. Actuarial Analysis Services Proposal 1. Brief history / background This proposal is from Glicksman Consulting, LLC. Glicksman Consulting, LLC was established as a Florida corporation in 2004. Glicksman Consulting, LLC is GLICKSMAN CONSULTING, LLC 4 based in Boca Raton, Florida. We have served self-insured public entities since our formation. Mr. Glicksman has twenty-five years of relevant experience. 2. Current location, size and staff. We have a staff of two in Boca Raton Florida. Our annual revenue is approximately $500,000. We understand that there are larger firms. However, Mr. Glicksman is one of the most experience actuaries in the United States for this type of work. He has performed over 1,000 similar studies during the past twenty-five years. He is the former (National Actuarial Practice Leader for Public Entities) Managing Director, Aon Risk Consulting, Inc. (Aon). Please contact our references with regard to our ability to provide services. 3. Detailed description of experience providing ‘actuarial analysis to public entities. This proposal is from Glicksman Consulting, LLE.Glicksman Consulting, LLC was established as a Florida corporation in 2004. Glicksman Consulting, LLC is based in Boca Raton, Florida. We have served self-insured public entities since our formation. Mr. Glicksman has twenty-five years of relevant experience. Glicksman Consulting, LLC is the property and casualty actuarial consulting firm within the BDO Seidman Alliance. The BDO Seidman Alliance is a nationwide association of independently owned local and regional accounting, consulting and service firms. BDO Seidman is the fifth largest international accounting firm. It has over 2,000 non-profit arid public entity clients. As evidenced by our references, we have experience working with Florida public entities. You will'enjoy the experience of working with us. The scope of work will specifically address the items below: 1. ..Estimate Outstanding Losses. We will determine the loss reserves required for the self- insured liabilities (including allocated loss adjustment expenses [ALAE]) separately by coverage and fiscal years as of fiscal year end (Septernber 30, 2014). The outstanding losses amounts are the loss reserves required is the cost of unpaid claims. It includes case reserves, the development of known claims and incurred but not reported (IBNR) claims. The IBNR will be shown separately. ALAE are the direct settlement expenses for specific claims, primarily legal expenses. Reinsurance and tort limits will be applied. The estimated outstanding amounts will be shown on a full-value basis (not discounted for anticipated investment earnings) and on a present-value basis (discounted for the time value of money). We will determine the appropriate interest rate based on economic conditions, The County's history and actuarial judgment. GLICKSMAN CONSULTING, LLC 5 The determination