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4. Plaque PresentationKalispell —Improving Insurance Trends Robert Worthington, CEO Montana Municipal Insurance Authority bworthington@mmia.net Liability KALISPELL FY 2005 WORKERS' COMP PREMIUM ESTIMATE CLASS FY 05/06 Total CODE Payroll KALISPELL 7704 $1,661,906.99 7720 $1,600,850.99 8743 $1,274,159.16 8810 $932,134A4 9410 $905,848.44 9420 $1,237,168.98 7C - Casual Volunteers 0.001 KALISPELL TOTALS 7,612,069.00 RATE PER Premium Pre FY 05/06 $100 MOD XP MOD 0,0414 68,778.11 1.39 0.0471 75,400.08 1.39 0.0074 9,428.781 1.39 0.0122 11,372.04 1.39 0.0669 60,601.26 1.39 0.0669 82,766.60 1.39, 0.0000 0.00 1.39 308,346.871 1.39 If your MOD If your MOD were 1.00, your were 1.17, your Premium Premium Premium would Post MOD would be: be: 95,601.57 68,778.11 $80,470.39 104,806.11 75,400.08 $88,218.09 13,106.00 9,428,78 $11,031.67 15,807-14 11,372.04 $13,305.29 84,235.75 60,601.26 $70,903.47 115,045.58 82,766.60 $96,836.92 0.00 0.00 $0.00 428,602.15 308,346.871 $360,765.84 KALISPELL FY 2006 WORKERS' COMP PREMIUM ESTIMATE REFLECTING A 5% RATE INCREASE If your MOD If your MOD FY 06/07 were 1.0, your were 1.39, your CLASS Estimated RATE PER Premium Pre FY 05/06 Premium Premium Premium would CODE Payroll $100 MOD EXP MOD Post MOD would be: be: KALISPELL 7704 $1,661,906.99 0.0435 72,292.95 1.17 84,582.75 72,292.95 102,779.03 7720 $1,600,850.99 0.0495 79,242.12 1.17 92,713.28 79,242.12 112,532.02 8743 $1,274,159.16 0.0078 9,938.44 1.17 11,627.97 10,162,92 14,126.46 8810 $932,134.44 0.0128 11,931.32 1.17 13,959.64 11,931-32 16,959.11 9410 $905,848.44 0.0702 63,590.56 1.17 74,400.96 63,590.56 90,387.50 9420 $1,237,168.98 0-0702 86,849.26 1.17 101,613.63 86,849.26 123,447.58 7C - Casual Volunteers 0.00 0.0000 0.00 1.17 0.00 0.00 0.00 KALISPELL TOTALS 7,612,069.00 323,844.651F- 1.1 -17 ]F 378,898.23L 323,8447675][-450,144.06]j Estimated Savings $71,245.83 ESTIMATED COST SAVINGS WITH LOWER LIABILITY AND WORKERS' COMPENSATION KALISPELL LIABILITY PREMIUM COMPARISON, FY 2005 WITH FY 2006 Year Payroll Rate/$100 MOD MOD MOD FACTORS FOR FY 2006 -- COST $284, 031.00 $224,235.00 SAVINGS 2005 $71550, 000 3.96 1 $298, 980 0.95 1 $298,980 0.75 - 2006 $7550,000 3.96 $591796.00 KALISPELL WORKERS' COMAE_ NSATION PREMIUM COMPARISON, FY 2005 WITH FY 2006 Fiscal YearPayroll Class_ Code 2005 $1,661, 906.99 7704 _ SAVINGS - Ratel$100 4.14 4.71 MOCK COST 1.39 $428,602.15 $1,600,850.99 7720 - $1,274,159.16 $9321134.44 8743 8810 0.74 - 1.22 6.69 - $905,848.44 - 9410 - $112 371168. 98 9420 - 6.69' - - - Total $7,612,069.00 Payroll Class. Code s 2006 MOD @ 1 $323,844.65 Ratei$100 1.17 $378,898.23 $711245.83 $1,661,906.99 $116001850.99 MOD @ 1 $323,844.65 1.39 $450,144.06 — _ 7704 - 4.35 7720 - - 4.95 $1,274,159.16 - 8743 - s 0.78 $9321134.44 8810 $905,848.44µ - 9410 $1,237,168.98 9420 1.28 7.02 - -- 7.02 - - Total $7,612,069.00 - ---- _ TOTAL ESTIMATED SAVINGS FOR FY 2006 $1311041.83 - RANGE OF MMIA LIABILITY INCURRED DOLLARS PER EMPLOYEE - CLASS ONE MMIA MEMBERS Class 1- Liability Incurred Dollars Per Employee FY 2005 - 2006 $6,000 $5,000 0 $4, 000 $3,000 J $2,000 L L $1,000 c $0 Low High Average Range & Average ■Class 1 [TRENDS IN KALISPELL - LIABILITY MOD FACTORS Year FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 20,03 FY 2004 FY 2005 FY 2006 FY 2007 Liabft MOD 0.74 0.86.--- 1.1 1.04 0.97 0.85 0.96 0.99 0.95 0.75 Average 0.92. Kalispell - Trends in Liability MOD Factor 1.1 0.9 M U- &8 0 '0 0,.7 0.6 0.5 0.4 FY FY FY FY FY FY FY FY FY FY 1998 1999 2000 2001 2002,2003 2004 2005 2006 2007 Fiscal Year TRENDS IN KALISPELL - LIABILITY INCURRED DOLLARS FY 2002 - FY 2006 Employees $/Empl Year FY 2002 FY2003 �FY2004 FY 2005 FY2006 Total Incurred Dollars $351_,665 L_ $94,490 $263,306 $28,551 $89,837 $827,839 228 $519.25 L $400 f 000 $3001000 L $200,000 $1001000 $0 I—+— Liability MOD:] alispell - Lowest Liability Incurred Dollars Per Employee FY 2002 - FY 200 $519/per Employee FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 Fiscal year Im incurred Dollars s: TRENDS IN KALISPELL - WORKERS' COMPENSATION MOD FACTORS Year FY 1998 FY 1999 FY 2000 FY 2001 FY' 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 Workers' Compensation MOD 1 1.13 1.30 1.29. 1.17 0.97F— 1.07 1.31 1.331 11-39�-- 1.17 jAverage 1.2-1 UP 1.4 1.2 U. a 0 0.8 M 0.6 wed Kalispell - Trends in Workers' Compensation MOD Factor C N �K Fiscal Year