Annual Rept 2015.publisher. full report

INSURANCE COMMITTEE Norman Barham, Chairperson James Anchin, Alan Fuirst & William Gersten, Board Oversights

Albert Eisen Jonathan Nelson Stephen Parks Frank Spitalny

This year, changes to Florida law provided that Citizens poli- cyholders are not eligible to renew their windstorm policy with Citizens if they receive an offer of coverage from an authorized insurer. An offer was made to Frenchman’s Creek by Weston Insurance to take over Citizen’s coverage. Our broker, Alan Deresh, with Tanenbaum Harber negotiat- ed with Zurich to include three more buildings (Fitness Cen- ter, Pro Shop and Security), in addition to the Main Club House, for windstorm coverage in an attempt to provide cov- erage from a more reliable carrier on these larger value buildings. We continued the General Liability and Property insurance with Zurich with whom the club has been insured with for 20 years. All structural properties, other than the Clubhouse, Fitness Center and Guard House, are insured for named windstorm coverage by Weston with a 3% per building, per year deductible. The Clubhouse, Fitness Center, Pro Shop and Guardhouse are insured for windstorm, through Zurich, with a named-storm deductible of $2,240,000 per occur- rence. A $1,540,000 deductible buy back policy is in place to reduce the named-storm deductible on those properties to $700,000 per occurrence.

We maintained coverage with Chubb, C.N.A & Ohio Casualty for Employee Practices, D&O and an Umbrella Policy. This year we added a policy for Cyber Security. The committee met in January 2015 to compare the current health benefit broker, Gallagher Benefit Services with three other brokerage firms. Presentations were given by Sapoznik Insurance, Mercer and CBIZ Weekes & Callaway. After re- viewing the presentations and discussing the material at length the committee agreed that Mercer, who’s parent company is Marsh & McLennan one of the largest brokerage firms, is the best fit for our benefit plan. Mercer will go to market for this year’s renewal.

We have a very skilled committee who provides valuable in- sight to the community. I would like to thank them all for their service to Frenchman’s Creek.

Norman Barham, Chairperson Insurance Committee

LEGAL COMMITTEE Marty Krall, Chairperson Richard Fleisher & Martin Slepkow, Board Oversights

Peter Berkley Barry Byrd Helen Colman

Bob Goodman Jeffrey Glazer

Lois Kleinberg Bruce Levy Jonathan Nelson

of club facilities by non-residents, and rule changes relating to speeding violations.

The primary purpose of the Legal Committee is to assist the Executive Director and to advise the Board of Governors in recognizing where outside legal advice would be advanta- geous and to review issues the community may face from a legal perceptive. During the past year the Committee had to review and dis- cuss a number of issues including: Beach Club real estate taxation, waiver of liability, the nominating committee pro- cess, developer ownership of homes in the community, use

The Legal Committee is comprised of various talented lawyers and I thank them for their very valuable service to the community.

Martin Krall, Chairperson Legal Committee

2014/2015 Annual Report Page 20