MASTER ANNUAL REPORT

INSURANCE COMMITTEE Norman Barham, Chairperson

Albert Eisen Alan Fuirst Larry Kleinberg

Stephen Parks Frank Spitalny Fred Stern

The 2018/2019 workers compensation program from Zenith Insurance was renewed with the same 25% flat dividend applied to the audited premium. Both Zenith and Tanen- baum Harber of Florida have provided guidance on im- provements that are being implemented and monitored to address trends in the workers compensation loss history as part of the continuing effort to reduce future costs of the workers compensation policy. Tanenbaum Harber continues to monitor our claims activity including overseeing recent liability claims. Although we did not incur any major losses, we did have a fair amount of liability claims. We also had several serious worker compensation claims. We have a very skilled Committee who provides valuable insight and oversight for the community’s $2.5M insurance portfolio. I would like to thank them for their service to Frenchman’s Creek.

Florida Blue Cross remains as our underwriter on the em- ployee medical benefits. We will also undertake a review by other consultants to determine if we are receiving the best programs for the employees of the Club. Tanenbaum Harber of Florida has continued to service all the property and casualty lines of coverage for Frenchman’s Creek. The 2018/2019 policies with Zurich were renewed for the Property, General Liability and Auto policies with no major price or deductible increases despite recent cata- strophic loss events in Florida. Our agents were able to re- duce the rate on the cost of the wind buy back policy. There was a recommended change to the insurance company providing the Cyber Liability policy. The 2018/2019 Cyber Liability policy was placed with Chubb Insurance. Chubb’s policy form provided improved policy terms and expanded coverage limits while also reducing the annual premium for this valuable coverage. All other lines of coverage were re- newed with stable coverage terms and pricing.

Norman Barham, Chairperson Insurance Committee

LEGAL COMMITTEE Martin Krall, Chairperson Jeffrey Glazer, Jonathan Nelson & Jeffrey Stanfield, Board Oversights

Peter Berkley Barry Byrd Helen Colman

Richard Fleisher Lois Kleinberg Bruce Levy

Ellen Malasky

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 perspective.

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

2018/2019 Annual Report Page 19