Res. No. 003-98-10270RESOLUTION NO.3-98-10270
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI,FLORIDA,RELATING TO ENGAGEMENT OF
AMI RISK CONSULTANTS INCORPORATED TO PROVIDE FULL
CONSULTING SERVICES ON THE BIDS RECEIVED FOR EMPLOYEE
GROUP HEALTH,DENTAL,AND LIFE INSURANCE PLANS;FOR AN
AMOUNT NOT EXCEEDING $2,500.00 AND CHARGING THE
DISBURSEMENT TO ACCOUNT NUMBER 001-1420-519-3450,TITLED
"CONTRACTUAL SERVICES".
WHEREAS,by approval of Resolution Number 185-97-10155,theCity Commission
authorized theCity Manager to solicit bidsforCity employees group health,dentalandlife
insurance plans;and
WHEREAS,in response totheCity newspaper advertisement requesting proposals on
these plans,thirty six bid packages have been submitted tothe City by various companies,alist of
the companies is attached herewith as part of the resolution,and
WHEREAS,inanattempttoensureathorough independent review of thebids;conduct
professional interview of bidders'representatives;and obtain a written recommendation tothe
City Commission,theCity Administration wishestoengagean insurance consultant,and
WHEREAS,in compliance with City bid requirements,bid solicitation for consulting
servicewas made by contacting severalinsurance consultants selected fromthe phone book,and
WHEREAS,AMI Risk Consultants Inc.is the lowest bidder of the two bids received.
NOW,THEREFORE,BEIT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI:
Section 1.That theCity Manager is authorized to contract withAMIRisk Consultants for
review of allthebids received onCity employee health,dentalandlife insurance plans.
Section 2.That the disbursement be charged to account number 001-1420-519-3450.
Section 3.That this resolution shalltake effect immediately upon approval.
PASSED AND ADOPTED thisSth dayof January ,1998.
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM:COMMISSION VOTE:5-0
Mayor Price:Yea
Vice Mayor Robaina:Yea
CITYATTORNEY Commissioner Bethel:Yea
Commissioner Oliveros:Yea
Commissioner Young:Yea
fMffl CITY OF SOUTH MIAMI
INTER-OFFICE MEMORANDUM
To:Mayorand Commission Date:January 2,1998
$3?/^Agenda Item #^
From:DianaMorris Subject:Comm.Mtg.l/ft/98
CityManager InsuranceConsultant
Thisresolutionapprovesandauthorizesacontract with AMI Risk Consultants toprovide
review and recommendation forthe city's employee health,dentaland life insurance.Thecost
willbe$2,500.00andwillbepaidfrom Account #001-1420-519-3450,"ContractualServices."
We notified severalInsurance Consultant firms of our requirements forservicesto review the
36proposals received by thecity.Only two companies replied to our requestforbids.AMI
providedthe lowest bid forthisservice.
I recommend yourapproval.
DECEMBER 19,1997
-*:15PM
HEALTH INSURANCE BID PROPOSALS
1.FOUNDATION HEALTH
SEAN BARRIOS,CORP.
CORPORATE ACCOUNT EXECUTIVE
2.THE PRINCIPAL FINANCIAL GROUP
PETER MEYER
3.UNITED HEALTHCARE
PETER MEYER
4.NEIGHBORHOOD HEALTH PARTNERSHIP
AND JOHN ALDEN HEALTH
PETER MEYER
SUSAN REDDING
JEFFREY M.EPSTEIN
5.CIGNA HEALTH CARE
PETER MEYER
6.HUMANA
•7.DELTA DENTAL INSURANCE CO.
McKINLEY FINANCIAL SERVICES,INC.
8.SECURITY MUTUAL LIFE
McKINLEY FINANCIAL SERVICES,INC.
9.UNUM LIFE INSURANCE CO.OF AMERICA
McKINLEY FINANCIAL SERVICES,INC.
10.GUARANTEE LIFE
11.TRANS-GENERAL LIFE
12.GROUP LIFE &ACCIDENTAL DEATH AND
DISMEMBERMENT
McKINLEY FINANCIAL SERVICES,INC.
14.AVMED
ELOISA SANCHEZ
15.MCNA DENTAL INS.
16.UNITED HEALTHCARE
17.COMBINED INS.CO
PHILLIP S.PLOTKA
18.METLIFE
19.UNITEDHEALTH CARE
ELIZABETH TOSSAS-GARCIA
20.AMERICAN HERITAGE LIFE
21.COMBINED INSURANCE CO.
SUSAN PERRY REDDING
22.NATIONAL PLANNING CORP.
23.UNITED HEALTH CARE
24.THE GUARDIAN
ROBERT T.ROSS
25.STANDARD INSURANCE CO.
JUAN COMENDEIRO
SUSAN PERRY REDDING
26.BOSTON MUTUAL LIFE INS.
KENNETH J.DEANGELIS
28.FLORIDA COMBINED LIFE INS.
29.BLUE CROSS AND BLUE SHIELD
LORRAINE McLEGGAN
30.TOTAL HEALTH CHOICE
SUSAN P.REDDING
31.TRANS GENERAL LIFE AND CASUALTY
SIDNEY E.GARTENBERG
32.MIC MARIN INSURANCE
33.HUMANA
34.UNITED HEALTH CARE
35.NEIGHBORHOOD HEALTH PARTNERSHIP
36.SUNMED
MYRNA MARIN
<,
12-31-1997 02:54PM FROM TO 6677806 P.01
^\]VII RtokConsultants,Inc.
114:10 N.Kendall Drive.Suite 208 Tel.(305)273-1589 409 Piccadilly Place,#6 Tel.(415)873.4278
Miami.Florida 33176 Fax (305)274-4706 San Brujno.CA 94066 Fax (415)873-7068
Deceraber3l,1997
Mr.Hakeem Oshikoya ,
FinanceDirector I
City ofSouth Miami |
6130 Sunset Drive I
South MiaimVFL 33143 SENT\ViA FAX (305)667-7806
i
RE:Proposal to Review Insurance Bids I
i
Dear Mr.Oshikoya:j
Thank you for allowing AMI Risk Consultants,Inc.(AMI)|to submit a quote for the
review of thcJ health,dental and life insurance bids received by the City of South Miami
("theCity").
Background on AMI Risk Consultants,Inc.(AMI)!
AMI isa property/casualty actuarial and risk management consulting firm that specializes
in performing insurance and actuarial reviews for Florida riunicipalities.
j
Advantages ofEngaging AMI \
i
♦Expert Staff j
Our staff includes Fellows of the Casualty Actuarial Society (FCAS),Chartered
Property Casualty Underwriters (CPCU)and Associate of Risk Management
designees with many years of insurance industry experience.
Experience working for Florida Municipalities
Prompt and Responsive Service
Our clients have engaged us because they know we fully commit our resources to
deliver prompt and responsive service.We pride ourselves in our ability to not only
identify and communicate potential problems but to aijd in their resolution.//is our
practice to send a draft report within two weeks of our receipt ofall required
information,and to send afinal report within a week ofdiscusstng the draft report.
Actuaries •Risk Management Consultants
I
V
12-31-1997 05:48PM FROM TO
AMI Risk Consultants,Inc.
11410 Nj Kendall Drive.Suite208
Miami.Florida 33176
Tel.(303)273-1589
Fax (305)274-4706
December 31,-1997
iMr.Hakeem Oshikoya
!FinanceDirector
|City ofSouth Miami
6130 Sunset Drive
|South Miami,FL 33143
I RE:Proposal to Review Insurance Bids
Dear Mr.Oshikoya:
Because there are 36 insurance bids that need to be reviewed instead of the 22 bids that
weoriginally!understood,wearerevisingourquotetoafixedfee of $2,500.
•i
If want to discuss our proposal please call me at 305-273-11589.
409 Piccadilly Place,#6
San Bruijio.CA 94066
6677806 P.01
Tel.(415)873-4278
Fax (415)873-7068
SENTVLi FAX(305)667-7806
Sincerely
Bob Ingco,FCAS,MAAA,CPCU,ARM
!President
Actuaries *Risk Management Consultants
TOTAL P.01
6
12-31-199702:54PMFROM
I 1
I ;Mr.Hashim Oshikoya j
City ofSouth Miami !
December 31,1997
Page 2 |
i •Communication j
!!l!You will be well informed of project status.We are|committed to working closely
with you to assure that project findings and subsequent recommendations are
consistent withyour objectives and reflectyour concerns and considerations.
•Reasonable Cost
i
Due to our relentless efforts to improve our productivity,we manage to maintain low
overhead;costs.Consequently,you can be assured of the same or better quality
product and services atvery competitive rates.
Work Plan
AMIwillreviewthe various insurance bids and recommenjd thebid that ismost
advantageous totheCity.
Wewillfollowthese procedures:i
j
•Analyze thevariousinsurancebidsinaccordance with criteriathat we think is
appropriate.j
i
•Prepare a report describing our recommendation andits basis.
•Present our recommendations totheCity.i
We should be able to present you with our initial draft witltin two weeks of obtaining all
our required information.
Data Requirements
i
!To commence the engagement,wewill require acopyof all the insurance bids submitted
totheCity.
Estimated Fees
We will bill you afixed fee of $1J00.j J2*^?/3jl*&j^c\i -^b
j Ifwant to discuss our proposal please call me at 305-273-1(589.+SO 0$fa*///i^>^.
i.
j:Sincerely
flW
Bob Ingco,FCAS,MAAA,CPCU,ARM
President
TO
AMI Risk Consultants,Inc.
6677B06 P.02
0
12-31-1997 02:55PM FROM TO 6677806 P.03
Bob Ingco,FCAS,MAAA,CPCU,AMI
ProfessionalandBusiness Experience Professional and Business History
Mr.Ingco hasover twenty-five years of
actuarial andriskmanagement consulting
experience.His expertise isin estimating
andanalyzinglossreserves and indev
eloping self-insurance premium rates.He
has worked inthe following risk
management functions:risk financing,
claims,riskadministration,budgeting,and
allocation ofinsurance cost.Hehas also
performed insurance effectiveness and
claims administrative reviews.He has
extensive experience in developing self-
insurance premium ratesforsuchlines of
business as workers'compensation,private
passenger and commercial automobile
liability,general liability,professional
liability,homeowners,commercial multi-
periland employee benefits.
Education and Certifications
Bob graduated from theUnitedStates
Naval Academy in 1970 with a B.S.degree
in Mathematics and Physics.He graduated
withacademicranking of 17out of 840.
He isaFellow ofthe Casualty Actuarial
Society (FCAS),Member of the American
Academy ofActuaries (MAAA),Chartered
Property Casualty Underwriter (CPCU),and
an Associate inRisk Management (ARM),
AMI Risk Consultants.Inc..Miami.Florida
1992 to present:President and Consulting
Actuary.Currently provides actuarial and
risk management consultingservicesto
insurance regulators,insurance companies,
self-insurance!funds and captive insurance
companies.|
Price Waterhduse.Miami.Florida
1984-1992:/{ctoaiy and Director.For eight
years,providejd actuarial support and
assistanceregardingaudits of andconsulting
services for insurance companies,health
maintenanceorganizationsandotherself-
insurance funds.
|
Booke &Co.(McNearv Risk Manaeemenrt
Charlotte.Nocth Carofing
1981-1984:Vjice President and Actuary.
Performed feasibility studiesrelatingtothe
formation of malpractice insurance
companies.Performed rate filings andloss
reserves analysis.
Fireman's Fund Insurance Co..
San Francisco!California
1978 -1981:Associate Actuary
American International Group Insurance.
New York.NY
1974 -1978:Assistant Actuary
i
North American Re.New York.NY
1972-1974:Actuarial Assistant
d
12-31-1997 02:55PM FROM
i <
AMPs Client Listing
MI assisjts non-insuranceclientsin
theiridentification,measurement,and
-treatment of potentiallossesbyprovid
ingconsultingservices in self-insurance and
captive insurance feasibilitystudies,insurance
effectiveness reviews and claims administra
tion effectiveness reviews.
Wealsospecialiseinlossreserving analysis,
alternative risk financing analysis,and statisti
cal analysis.AMI hasperformedloss reserves
calculations andjrisk management consultancy
services for entities that include the following:
A!
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Commonwealth ofPennsylvania -
Department oflabor &Industry
State ofMichiganInsuranceBureau
State ofCalifornia Insurance Dept
State ofOregonInsuranceDivision
State ofOklahomaInsurance Dept
StateofWisconsin Insurance Dept
State ofOhioInsurance Department
State ofMaine Insurance Bureau
City ofMiamiBeach (FL)
City ofNorthMiamiBeach (FL)
City of Vero Beach (FL)
City ofCoral Gables (FL)
City ofkissimmee (FL)
City ofHollywood(FL)
CityofGainesvilie^L)
City ofTamarac (FL)
City ofThousandOaks (CA)
City ofRivieraBeach (FL)
City ofPompano Beach (FL)
City of peerfield Beach (FL)
Village ofMiamiShores (FL)
County ofAlachua (FL)
RockinghamCounty (NH)
Bay County (Ml)
Collier CountyPublicSchools (FL)
School BoardofBroward County
(PL)
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TO 6677806 P.04
School Board ofDadeCounty (FL)
FloridaPower&Light Corporation
West MichiganRisk Mgmt Trust
Metropolitan Association for
Improved School Legislation (MI)
BurgerKingCorporation (FL)
McDonald'sCorporation QL)
ArCker DanielsMidland (1L)
Kmart Corporation (MI)
Value Rent-A-Car {TV)
Alterman TruckingCorporation (FL)
OldDominion Freight Line (NC)
Alcb Standard Corp (NC)
Pinfcerton's Inc.(CA)
PerdueFarms (MD)
Asjfyundh Tree Expert Co.(PA)
Eaton Corporation (OH)
BrdyhiU Furniture (NC)
Owfns Corning Corporation (OH)
CarolinaFreightLineCorp.(NC)
PublicServices ofNew Hampshire
GuilfordMills (NC)
Kelly Services (Ml)
ResolutionTrustCorporation (DC)
Neti England PowerService (MA)
Hansen,Inc.(NH)
METSPool (MT)
Fladey Company (NH)
Blue CrossBlueShield ofFL
Blue CrossBlueShield ofNC
Union American Insurance (FL)
CIGNA PropertyandCasualty (PA)
Capital Cay InsuranceCo.(SC)
Conestoga InsuranceCompany (AZ)
Fidelity National Insurance Co.(FL)
Sou^r Insurance Co.(Bermuda)
LincolnMutualCasualty Co.(MI)
Z-MontInsurance Company (VT)
EnkewoodRe (Bermuda)
United Insurance Company-
R-Pooland Nexus Treaties (BWI)
TOTAL P.04
C