PORT OF SEATTLE
MEMORANDUM
COMMISSION AGENDA – STAFF BRIEFING
Item No.
7c
Date of Meeting
June 23, 2009
DATE: June 23, 2009
TO: Tay Yoshitani, Chief Executive Officer
FROM: Jeff Hollingsworth, Risk Manager
SUBJECT: Briefing on July 1, 2009 Port Property Insurance Renewal
BACKGROUND
This briefing is on the upcoming Port’s property insurance renewal. The Port’s current property
policy expires on June 30, 2009. The Port during the month of June will be both selecting a
broker and finalizing the purchase of this coverage for the policy year starting on July 1, 2009
and expiring on June 30, 2010.
BRIEFING OUTLINE
The Commission presentation will focus around the following items:
Expiring Property Insurance
Structure of Property Insurance Program
Property Insurance Cost Factors
Property Insurance Challenges
Earthquake Insurance Discussion
Renewal Projection for July 1, 2009
