State of West Virginia - West Virginia Legislature

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Executive Director’s ReportOctober 5, 20102Steve Schumacher and I will be meeting at 10 a.m. on Wednesday, October 6 th ,with Mike Riley and Melinda Kiss of the Insurance Commissioner’s Office todiscuss workers’ compensation for the state workers.2. Request for Proposal (RFP) for Consultant Services in Administering a Workers’Compensation Program in West VirginiaIn anticipation of BRIM being given the responsibility of administering a workers’compensation program starting July 1, 2011, we will issue an RFP or RFQwithin the next two weeks.BRIM management staff has met with Ed Poe, Jeff Brannon, and Lisa Hunter ofPullin Fowler Flanagan Brown and Poe PLLC to discuss the specifics.A target date of October 29 th has been set as the release date.3. Request for Proposal (RFP) for Providing Environmental Contaminationand Pollution Insurance for Certain State of West Virginia Owned PropertiesRFP #RIM081010This RFP is soliciting proposals to provide insurance for certain State-ownedproperties for environmental contamination and pollution for the remainder offiscal year July 1, 2010 through June 30, 2011, with possible two successiveannual renewals . The property to which this RFP specifically applies is thatwhich is described in the Donation Agreement dated October 15, 2009, betweenUnion Carbide Corporation (UCC) and the West Virginia Higher EducationPolicy Commission (HEPC).Proposals are due by October 12, and the contract will be awarded onOctober 15, 2010.4. Renewal of Casualty Insurance Program with ChartisThis renewal was effective July 1, 2010 through June 30, 2011, with thepossibility of four subsequent renewal periods. The cost of services is$3,840,000 for FY 2011. The cost of services for FY 2010 was $4,098,723, foran annual savings of $258,723, or monthly savings of $21,560.25, in FY 2011vs. FY 2010.Beginning this month, we should start experiencing a $20,000.00 per quartersavings in Chartis administrative fees.5. Excess Liability for County Boards of EducationThe incumbent carrier for the Board of Education Excess LiabilityCoverage, GenStar, submitted a renewal quote for $2,159,667. Instead,an RFP was released and four carriers submitted bids. After careful
Executive Director’s ReportOctober 5, 20103evaluation, the submission from Wells Fargo/Chartis was accepted inthe amount of $1,843,987, with a total savings of $315,680. However,upon receipt of the invoice, the amount was reduced to $1,825,909, for arevised total savings of $333,758.B. Marshall University/WVU Medical Malpractice Deductible Program (update)• As of August 31, 2010, Marshall has deposited $2,494,661.38 into the escrowaccount. The year-to-date cumulative interest totals $118,550.45. There havebeen no disbursements during fiscal year 2011 thus far.• As of August 31,2010, a total of $5,379,319.00 has been transferred ordeposited into WVU's escrow account. The year-to-date cumulative interesttotals $116,189.14. There have been no disbursements made during fiscal year2011 thus far.C. LitigationThe September 2010 report from Chartis for the period ending August 31, 2010reveals that in August, one case was tried to a plaintiff verdict. Year-to-date, therehave been five cases tried to verdict, with four defense verdicts and one plaintiffverdict.New lawsuits have decreased 24/1% over year-to-date 2009; closed lawsuits havedecreased 24.1%, and pending lawsuits have increased 2.6%.D. Patient Injury Compensation Fund (PICF)1. Michael Sizemore – Two insureds – Marshall University and UniversityPhysicians and Surgeons; co-defendants include Cabell Huntington Hospitaland some of the nursing staff. This is a birth trauma case involving MichelleSizemore and the delivery of her infant son, Michael.On October 29, 2009, a contingent settlement agreement was reached atmediation, during which a total award of $4,000,000.00 was made, with a$900,000.00 payment coming from the Patient Injury Compensation Fund.On November 24, 2009, the check was issued by the Treasurer’s Office.2. Estate of Anna Goldsmith, DeceasedThis is a wrongful death claim involving a 37-year old pregnant woman whopresented at Stonewall Jackson Memorial Hospital. She had a seizureapproximately 12-14 hours later at home and was subsequently taken back toStonewall Jackson Memorial Hospital and thereafter transferred to WVU, wherethe baby was delivered. Subsequently, Mrs. Goldsmith died on April 13, 2008.
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State of West Virginia - West Virginia Legislature

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