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NORTHERN CAPITAL INSURANCE
<br /> PROPERTY/CASUALTY RISK RETENTION ANALYSIS
<br /> FOR
<br /> CITY OF ELK RIVER
<br /> Property/Casualty Insurance
<br /> Premium Basis$317,765 with $500 Minimum Deductible
<br /> Excluding Equipment Breakdown and Liquor Liability
<br /> Current Deductible$20,000/$40,000/$1,000
<br /> Approximate Premium: $229,347/Savings: $88,418
<br /> Policy Year Deductible Gain/Loss
<br /> 7/1/2008-2009 $22,607 + $65,811
<br /> 7/1/2009-2010 $31,361 + $57,057
<br /> 7/1/2010-2011 $48,409 + $40,009
<br /> 7/1/2011-2012 $2,217 + $86,201
<br /> 7/1/2012-2013 $39,704 + $48,714
<br /> Total + $297,792
<br /> 7/1/2013-2014 (11 months) $28,263 + $60,155
<br /> Optional Deductible $20,000/$60,000/$1,000
<br /> Approximate Premium: $218,753/Savings: $99,012
<br /> Policy Year Deductible Gain/Loss
<br /> 7/1/2008-2009 $22,607 + $76,405
<br /> 7/1/2009-2010 $31,361 + $67,651
<br /> 7/1/2010-2011 $48,409 + $50,603
<br /> 7/1/2011-2012 $2,217 + $96,795
<br /> 7/1/2012-2013 $39,704 + $59,308
<br /> Total + $350,762
<br /> 7/1/2013-2014 (11 months) $28,263 + $70,749
<br /> Optional Deductible $25,000/$50,000/$1,000
<br /> Approximate Premium: $217,002/Savings: $100,763
<br /> Policy Year Deductible Gain/Loss
<br /> 7/1/2008-2009 $22,607 + $78,156
<br /> 7/1/2009-2010 $36,361 + $64,402
<br /> 7/1/2010-2011 $58,409 + $42,354
<br /> 7/1/2011-2012 $2,217 + $98,546
<br /> 7/1/2012-2013 $44,704 + $56,059
<br /> Total + $339,517
<br /> 7/1/2013-2014 (11 months) $33,263 + $67,500
<br /> Optional Deductible $25,000/$75,000/$1,000
<br /> Renewal Premium: $205,973/Savings: $111,792
<br /> Policy Year Deductible Gain/Loss
<br /> 7/1/2008-2009 $22,607 + $89,185
<br /> 7/1/2009-2010 $36,361 + $75,431
<br /> 7/1/2010-2011 $58,409 + $53,383
<br /> 7/1/2011-2012 $2,217 + $109,575
<br /> 7/1/2012-2013 $44,704 + $67,088
<br /> Total + $394,662
<br /> 7/1/2013-2014 (11 months) $33,263 + $78,529
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