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Home My WebLink AboutContract2023-2024 Alliant Insurance Services, Inc. 18100 Von Karman Avenue 10th Floor Irvine, CA 92612 PHONE (949) 756-0271FAX (949) 756-2713 www.alliant.com  License No.0C36861 Presented on June 22, 2023 by: Brian A. White First Vice President Anne Shackelford Vice President Jamie Arnoldi Account Manager City of Renton CAG-23-254 2023-2024 Alliant Property Insurance Program (APIP) Executive Summary Page 1 of 3 City of Renton ALLIANT PROPERTY INSURANCE PROGRAM (APIP) July 1, 2023 – July 1, 2024 EXECUTIVE SUMMARY Attached please find the annual renewal summary of the Alliant Property Insurance Program (APIP) for the 7/1/2023 renewal. An overview of the most significant issues is discussed here. The property market is proving very challenging as we approach the 7/1/2023 APIP renewal. Weather related events are problematic to the insurance industry and the frequency and severity of these events has increased over the last few years. Recent weather events adversely impacting both the capacity and the pricing of direct carriers and reinsurers include: •2022 Hurricane Ian (estimated $53B in insured losses – the second most costly hurricane in history); •2022 Winter Storm Elliott (impacted 42 states and insured damage estimates of $5.4B); •2021 Winter Storm Uri (estimated $15B in insured losses primarily in Texas and Oklahoma); •2021 Hurricane Ida (estimated $40B in insured losses from Gulf Coast to Northeastern States – fourth most costly hurricane in history) •U.S. Wildfires (Over $10B in insured losses in 4 of last 5 years) In addition, underwriters are concerned about valuation and ensuring that an insured’s reported values properly and accurately reflect their exposure. APIP closely monitors insured values for accuracy including application of a 7.5% trend factor for real and personal property. Due to the conditions described above, we expect insureds in the APIP program to have rate increases at renewal. Generally, insured’s that are loss free and/or non-Catastrophe (CAT) exposed will have lower than average rate increases while insured’s that are loss challenged and/or CAT exposed will have higher than average rate increases. For the 2023/24 renewal, Berkshire Hathaway Specialty Insurance (BHSI) will lead the first $25,000,000 of the program. Maximum program limits are $800,000,000 to $1,000,000,000 and will be placed with worldwide markets rated at A.M. Best A-VII or higher. Insureds should note several key highlights for this year’s renewal: Boiler & Machinery cover for participating insureds of the APIP Boiler Program will be maintained with Hartford Steam Boiler (HSB), who will also continue to perform required jurisdictional inspections. Cyber (Privacy Liability) Coverage for both 1st and 3rd parties from the Beazley Syndicate at Lloyd’s, A.M. Best Rated A XV, (for those eligible insureds) with coverage as outlined on the following proposal will be provided. Additional excess options are available, if requested for insureds with good security controls in place. The Cyber market has become extremely volatile in the past 2 years primarily due to a pronounced increase in ransomware claims and worldwide unrest. Due to the difficulty of even maintaining Cyber coverage for many public entities, we believe the Cyber coverage provided by APIP represents one of the best values in the marketplace. Please note claims reporting timeframe limitations for this coverage Pollution Coverage for both 1st and 3rd parties from Ironshore Specialty Insurance Company, A.M. Best Rated A XV, (for those eligible insureds) with coverage as outlined on the following proposal will be provided. Please note claims reporting timeframe limitations for this coverage Vehicles/Contractor’s Equipment – please note on the attached proposal whether the vehicle/contractors equipment valuation is Replacement Cost (new) or Actual Cash Value (ACV). If Replacement Cost (new) valuation is needed, the insured must submit a schedule of vehicles or a vehicle valuation reporting form (provided in the pre-renewal packet) and vehicles must be valued at today’s Replacement Cost (new). If values are not reported at Replacement Cost (new), the vehicle/contractor’s equipment valuation basis will be ACV Alliant Business Services (ABS) continues to play a significant role not only in providing various types of loss control services, but also in providing appraisal services, business interruption values consultation, and infrared testing. Please see inserts for further details on ABS services provided. For the program, property valuations continue to be a key focus. As a reminder, it is underwriters’ intent to have all buildings with a scheduled value of $5,000,000 or more appraised once every seven to ten years. This service is included in the total program cost. Insureds may also choose to have lower valued buildings appraised. The cost to have all, or specific buildings appraised that are valued on an insureds schedule between $25,000 and $5,000,000 will be quoted at the time the request is made. Please review important Disclosure and Loss Notification information included in your renewal materials. Your review and acknowledgement of these documents are required via your signature, once you authorize a request to bind coverage with your Alliant representative. Although this proposal is as complete as possible, the program is being negotiated up to the 7/1/23 effective date. We will endeavor to provide any known material changes prior to renewal. 2023-2024 Alliant Property Insurance Program (APIP) Executive Summary Page 2 of 3 City of Renton ALLIANT PROPERTY INSURANCE PROGRAM (APIP) July 1, 2023 – July 1, 2024 EXECUTIVE SUMMARY The following table depicts key financial statistics relative to last year: Year-over-Year Rate and Premium Comparison City of Renton 2022-2023 (at 03/08/2023) 2023-2024 Variance Total Insurable Values (TIV): $ 380,758,568 $ 411,787,730 8.15% Earthquake TIV: $ 380,758,568 $ 411,787,730 8.15% Earthquake Limit: $ 25,000,000 $ 25,000,000 0.00% *Property Annual Cost:$ 844,668.23 $ 1,180,397.00 39.75% Cyber Liability Annual Cost: $ 96,958.08 $ 101,971.35 5.17% Pollution Liability Annual Cost: $ 2,871.72 $ 3,614.34 25.86% Total Account Rate ($/100): 0.2480569 0.3122926 25.90% **Total Annual Cost: $ 944,498.03 $ 1,285,982.69 36.16% *Property Annual Cost includes: all premiums, underwriting fees, commissions, loss control expenses, program administration charges, and applicable taxes ** Total Annual Cost includes the following: Property Annual Cost The following pages are coverage items currently under review with the APIP markets to be effective on July 1, 2023. Thank you for your continued support of APIP. We look forward to working with you this next year. Please let us know if you have any questions about your renewal. 2023-2024 Alliant Property Insurance Program (APIP) Executive Summary Page 3 of 3 City of Renton APIP SUMMARY OF PROPOSED CHANGES BELOW IS A SUMMARY OF PROPOSED CHANGES FOR THE 2023-2024 POLICY PERIOD AS OF MAY 04, 2023 Coverage 2022-2023 Sub-limit / Deductible 2023-2024 Sub-limit / Deductible Scheduled Landfill sub- limit Not specified $5,000,000 Scheduled Landfills (as more fully defined in the policy); or 120% of values on on file with Alliant Insurance Services, Inc. whichever is less. Personal Property Outside of USA $1,000,000 Personal Property Outside of the USA $1,000,000 Personal Property Outside of the USA (including associated business interruption) Cyber Liability Please refer to Proposal for Summary of Changes if coverage is purchased. Pollution Liability Please refer to Proposal for Summary of Changes if coverage is purchased. Coverage 2022-2023 Master Policy Form 2023-2024 Master Policy Form Policy Period July 1, 2022 to July 1,2023 July 1, 2023 to July 1,2024 USA Form No. 18 19 Section I, E. 2 Sub-Limits of Liability Scheduled Landfills; or 120% of values on file with Alliant Insurance Services, Inc. whichever is less. Section I, E. 2 Sub-Limits of Liability Personal Property outside the U.S.A. Personal Property outside the U.S.A. (including associated business interruption) Section II, B. 4. Off Premises Services Interruption Last sentence: to an Insured Location. The coverage provided by this clause is sub-limited to USD as per Declaration Page. Last sentence: to an Insured Location. The coverage provided by this clause is sub-limited to USD as per Declaration Page. Coverage under this extension is subject to a 24-hour waiting period. Section II, B. 8. Debris Removal This Policy also covers expenses incurred in the removal of debris of the property covered hereunder from the Insured Location that may be destroyed or damaged by a covered peril(s). This Policy also covers expenses incurred in the removal of debris of the property covered hereunder from the Insured Location that may be destroyed or damaged by a covered peril(s). Section II, B. 11. Increased Cost of Construction See Policy See Policy for details. Wording has been modified to provide clarity on intent. Section II, B. 15. Transit See Policy See Policy for details. Wording has been modified to exclude Ocean Marine coverages. Section II, D. 6 Library contents Library contents value increased per 18.6% inflation value Section II, D. 7 See Policy See Policy for details. Wording has been modified for valuation on vehicles greater than 10 years of age to actual cash value. Section IV, AF. Service of Suit Clause (USA) Applicable to Excess Carriers See Policy See Policy for details Endorsement 1 1. Company means Lexington Insurance Company 1. Company means any Insurance Company offering coverage under this policy. ALLIANT PROPERTY INSURANCE PROGRAM 2023-2024 NAMED INSURED SCHEDULE AS OF 06/22/2023 THE NAMED INSURED IS: Named Insured shall be deemed the sole agent of each and every Named Insured for the purpose of: (1)Giving notice of cancellation, (2)Giving instructions for changes in the Policy and accepting changes in this Policy (3)The payment of assessments / premiums or receipt of return assessments / premiums. Member(s), entity(ies), agency(ies), organization(s), enterprise(s) and/or individual(s) for whom the Named Insured has extended coverage is as follows: Page 1 of 1 DECLARATION 4 City of Renton 1055 S Grady Way Renton, WA 98057-3232 NAMED INSURED MEMBER(S) City of Renton 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 1 of 9 City of Renton 06/22/2023 06:00:12 PM ALLIANT INSURANCE SERVICES, INC. ALLIANT PROPERTY INSURANCE PROGRAM (APIP) PROPERTY PROPOSAL TYPE OF INSURANCE: Insurance Reinsurance NAMED INSURED: City of Renton DECLARATION: 4-Cities 4 POLICY PERIOD: July 1, 2023 to July 1, 2024 COMPANIES: See Attached List of Companies TOTAL INSURED VALUES: $ 411,787,730 as of June 22, 2023 ALL RISK COVERAGES & SUB-LIMITS: $ 200,000,000 Per Occurrence: all Perils, Coverages (subject to policy exclusions) and all Named Insureds (as defined in the policy) combined, per Declaration, regardless of the number of Named Insureds, coverages, extensions of coverage, or perils insured, subject to the following per occurrence and/or aggregate sub- limits as noted below. $ 25,000,000 Flood Limit - Per Occurrence and in the Annual Aggregate (for those Named Insured(s) that purchase this optional dedicated coverage). $ 10,000,000 Per Occurrence and in the Annual Aggregate for scheduled locations in Flood Zones A & V (inclusive of all 100 year exposures). This Sub-limit does not increase the specific flood limit of liability for those Named Insured(s) that purchase this optional dedicated coverage. Not Applicable Per Occurrence for losses to locations in Tier 1 and/or Tier 2 Counties and resulting from a Named Windstorm. $ 25,000,000 Earthquake Shock - Per Occurrence and in the Annual Aggregate (for those Named Insured(s) that purchase this optional dedicated coverage). $ 100,000,000 Combined Business Interruption, Rental Income and Tuition Income (and related fees). However, if specific values for such coverage have not been reported as part of the Named Insured's schedule of values held on file with Alliant Insurance Services, Inc., this sub-limit amount is limited to $500,000 per Named Insured subject to maximum of $2,500,000 Per Occurrence, Per Declaration for Business Interruption, Rental Income and Tuition Income combined. Coverage for power generating plants is excluded, unless otherwise specified. $ 50,000,000 Extra Expense. 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 2 of 9 City of Renton 06/22/2023 06:00:12 PM ALL RISK COVERAGES & SUB-LIMITS: (continued) Per Bound TIV $10,000,000 Miscellaneous Unnamed Locations for Named Insureds with total insurable values greater than or equal to $250,000,000 at time of binding or $5,000,000 Miscellaneous Unnamed Locations for Named Insureds with total insurable values less than $250,000,000 at time of binding excluding Earthquake coverage for Alaska and California locations. If Flood coverage is purchased for scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V. Vacant properties are sub- limited to $2,500,000. 180 Days Extended Period of Indemnity See Policy Provisions $50,000,000, or a Named Insured's Policy Limit of Liability if less than $50,000,000, Automatic Acquisition for 120 days except: -$25,000,000 Automatic Acquisition for 90 days for new sub- member and/or entity of an existing Pools, JPA or Group; -$25,000,000 Automatic Acquisition for 90 days for Vacant properties; -$10,000,000 Automatic Acquisition for 120 days for Licensed Vehicles; -$2,500,000 Automatic Acquisition for 60 days for additional property and/or interests in Tier 1 Wind Counties, Parishes and Independent Cities for the states of Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Louisiana, Texas and/or situated anywhere within the states of Florida and Hawaii; -The peril of Earthquake is excluded for the states of Alaska and California; -If Flood coverage is purchased for all scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V. $ 1,000,000 Unscheduled Landscaping, tees, sand traps, greens, athletic fields and artificial turf and further subject to $25,000 / 25 gallon maximum per item for existing Named Insureds excluding Earthquake coverage for Alaska and California locations. If Flood coverage is purchased for scheduled locations, this extension includes Flood coverage for any location not situated in Flood Zones A or V. $ 5,000,000 or 110% of the scheduled values, whichever is greater, for Scheduled Landscaping, tees, sand traps, greens, athletic fields and artificial turf and further subject to $25,000 / 25 gallon maximum per item. $ 5,000,000 or 120% of the scheduled values, whichever is less, for Scheduled Landfills (as more fully defined in the policy). $ 50,000,000 Errors & Omissions - This extension does not increase any more specific limit stated elsewhere in this policy or Declarations. $ 25,000,000 Course of Construction and Additions (including new) for projects with completed values not exceeding the sub-limit shown. Projects valued greater than $15,000,000 require underwriting approval and a premium charge. 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 3 of 9 City of Renton 06/22/2023 06:00:12 PM ALL RISK COVERAGES & SUB-LIMITS: (continued) $ 500,000 Money & Securities for named perils only as referenced within the policy, however fraudulent impersonation, fraudulent instruction or similar events are excluded. $ 2,500,000 Unscheduled Fine Arts. $ 250,000 Accidental Contamination per occurrence and annual aggregate per Named Insured with $500,000 annual aggregate for all Named Insureds per Declaration. Coverage shall not attach or become insurance upon any property which at the time of loss is more specifically described and covered under any other policy form until the liability of such other insurance has first been exhausted and shall then cover only the excess of value of such property over and above the amount payable under such other insurance, whether collectible or not. $ 750,000 Unscheduled infrastructure including but not limited to tunnels, bridges, dams, catwalks (except those not for public use), roadways, highways, streets, sidewalks, culverts, channels, levees, dikes, berms, embankments, landfills (as more fully defined in the policy), docks, piers, wharves, street lights, traffic signals, meters, roadway or highway fencing (including guardrails), and all similar property unless a specific value has been declared. Unscheduled infrastructure coverage is excluded for the peril of Earthquake and excluded for Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters, providing said declaration provides funding for repairs. $ 50,000,000 Increased Cost of Construction due to the enforcement of building codes/ ordinance or law (includes All Risk and Boiler & Machinery) except $2,500,000 for vacant properties. $ 25,000,000 Transit - Physical Damage only. $ 2,500,000 Unscheduled Animals; not to exceed $50,000 per Animal, per Occurrence. $ 2,500,000 Unscheduled Watercraft up to 27 feet. Not Covered Per Occurrence for Off Premises Vehicle Physical Damage. $ 25,000,000 Off Premises Services Interruption including Extra Expense resulting from a covered peril at non-owned/operated locations. $ 5,000,000 Per Occurrence Per Named Insured subject to an Annual Aggregate of $10,000,000 for Earthquake Shock on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts combined for all Named Insured(s) in this Declaration combined that do not purchase optional dedicated Earthquake Shock coverage, and/or where specific values for such items are not covered for optional dedicated Earthquake Shock coverage as part of the Named Insured's schedule of values held on file with Alliant Insurance Services, Inc.. 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 4 of 9 City of Renton 06/22/2023 06:00:12 PM ALL RISK COVERAGES & SUB-LIMITS: (continued) $ 5,000,000 Per Occurrence Per Named Insured subject to an Annual Aggregate of $10,000,000 for Flood on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts combined for all Named Insured(s) in this Declaration combined that do not purchase optional dedicated Flood coverage, and/or where specific values for such items are not covered for optional dedicated Flood coverage as part of the Named Insured's schedule of values held on file with Alliant Insurance Services, Inc.. $ 3,000,000 Contingent Business Interruption, Contingent Extra Expense, Contingent Rental Values and Contingent Tuition Income separately. $ 3,000,000 Tax Revenue Interruption – Per Policy Provisions. However, if specific values for such coverage have not been reported as part of the Named Insured’s schedule of values held on file with Alliant Insurance Services, Inc., this sub-limit amount is limited to $1,000,000 Per Occurrence – Per Policy Provisions. $ 500,000 Jewelry, Furs, Precious Metals and Precious Stones Separately. $ 1,000,000 Claims Preparation Expenses. $ 50,000,000 Expediting Expenses. $ 100,000 Per Occurrence with a $1,000,000 Annual Aggregate per Declaration for Mold/Fungus Resultant Damage as more fully defined in the policy. $ 100,000,000 Ingress/Egress Per Occurrence, Per Named Insured for the actual loss sustained during the period of time not exceeding 30 days when, as a direct result of physical loss or damage caused by a covered peril(s) specified by this Policy and occurring at property located within a 10 mile radius of covered property, ingress to or egress from the covered property by this Policy is prevented. $ 100,000,000 Interruption By Civil Authority Per Occurrence, Per Named Insured for the actual loss sustained during the period of time not exceeding 30 days when, as a direct result of physical loss or damage caused by a covered peril(s) specified by this Policy and occurring at property located within a 10 mile radius of covered property, access to the covered property is specifically prohibited by order of a civil authority. $ 10,000,000 Electronic Data Processing Media. $ 1,000,000 Personal Property Outside of the USA (including associated Business Interruption). 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 5 of 9 City of Renton 06/22/2023 06:00:12 PM Not Covered Per Occurrence Per Declaration Upgrade to Green Coverage subject to the lesser of, the cost of upgrade, an additional 25% of the applicable limit of liability shown in the schedule of values or this sub limit. Not Covered for Communicable Disease. $ 100,000 Per Occurrence while in Storage and In Transit coverage subject to $10,000 Deductible for Unmanned Aircraft as more fully defined in the Policy. Not Covered while in Flight. VALUATION: • Repair or Replacement Cost (RCV) • Actual Loss Sustained for Time Element Coverages • Contractor’s Equipment /Vehicles either Replacement Cost (RCV) or Actual Cash Value (ACV) as declared by each insured. If not declared, valuation will default to Actual Cash Value (ACV) EXCLUSIONS (Including but not limited to): • Seepage & Contamination • Cost of Clean-up for Pollution • Mold Deductibles: If two or more deductible amounts provided in the Declaration Page apply for a single occurrence the total to be deducted shall not exceed the largest per occurrence deductible amount applicable. (The Deductible amounts set forth below apply Per Occurrence unless indicated otherwise). “ALL RISK” DEDUCTIBLE: $ 50,000 Per Occurrence, which will apply in the event a more specific deductible is not applicable to a loss. DEDUCTIBLES FOR SPECIFIC PERILS AND COVERAGES: $ 100,000 All Flood Zones Per Occurrence excluding Flood Zones A & V. $ 250,000 Per Occurrence for Flood Zones A & V (inclusive of all 100 year exposures). Not Applicable for losses to locations in Tier 1 and/or 2 Counties and resulting from a Named Windstorm. 2% per unit of insurance, subject to 250,000 minimum per occurrence Earthquake Shock: If the stated deductible is a flat dollar amount, the deductible will apply on a Per Occurrence basis, unless otherwise stated. If the stated deductible is on a percentage basis, the deductible will apply Per Occurrence on a Per Unit basis, as defined in the policy form, subject to the minimum deductible per occurrence. $ 1,000 Per Occurrence for Specially Trained Animals. 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 6 of 9 City of Renton 06/22/2023 06:00:12 PM DEDUCTIBLES FOR SPECIFIC PERILS AND COVERAGES: (continued) $ 500,000 Unscheduled infrastructure including but not limited to tunnels, bridges, dams, catwalks (except those not for public use), roadways, highways, streets, sidewalks, culverts, channels, levees, dikes, berms, embankments, landfills (as more fully defined in the policy), docks, piers, wharves, street lights, traffic signals, meters, roadway or highway fencing (including guardrails), and all similar property unless a specific value has been declared. Unscheduled infrastructure coverage is excluded for the peril of Earthquake and excluded for Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters, providing said declaration provides funding for repairs. $ 10,000 Per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractor's Equipment subject to $100,000 Maximum Per Occurrence, Per Named Insured for the peril of Earthquake for Named Insured(s) who do not purchase dedicated Earthquake limits. $ 50,000 Per Occurrence Per Named Insured for this Declaration for Fine Arts for the peril of Earthquake for Named Insured(s) who do not purchase dedicated Earthquake limits. $ 10,000 Per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractor's Equipment subject to $100,000 Maximum Per Occurrence, Per Named Insured for the peril of Flood for Named Insured(s) who do not purchase dedicated Flood limits. $ 50,000 Per Occurrence Per Named Insured for this Declaration for Fine Arts for the peril of Flood for Named Insured(s) who do not purchase dedicated Flood limits. 24 Hour Waiting Period for Service Interruption for All Perils and Coverages. 2.5% of Annual Tax Revenue Value per Location for Tax Interruption. 24 Hour Waiting Period for Ingress/Egress 24 Hour Waiting Period for Civil Authority Not Covered Per Occurrence for Off Premises Vehicle Physical Damage. If Off-Premises coverage is included/purchased, the stated deductible will apply to vehicle physical damage both on and off- premises on a Per Occurrence basis, unless otherwise stated. If Off-Premises coverage is not included, On-Premises/In-Yard coverage is subject to the All Risk (Basic) deductible. $ 25,000 Per Occurrence for Contractor's Equipment. Replacement Cost Contractor's Equipment Valuation Basis SPECIAL TERMS AND CONDITIONS: It is understood and agreed that notwithstanding anything contained herein to the contrary the following shall apply to this Policy: 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 7 of 9 City of Renton 06/22/2023 06:00:12 PM The following stand-alone coverages are provided by the APIP program but are not covered in the Limit of Liability or the Sub-Limits of Liability above or attached to the Master Policy Form Wording. However, the coverage costs are included in the APIP Total Cost noted below. Carriers providing these coverages are included in the Schedule of Carriers. $ 100,000,000 Per Named Insured Per Occurrence subject to $200,000,000 Annual Aggregate of Declarations 1-14, 18-30 and 32-35 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer). $ 50,000 Per Occurrence Deductible for Primary Terrorism. $ 600,000,000 Per Named Insured for Terrorism (Excess Layer) subject to; $ 1,100,000,000 Per Occurrence, All Named Insureds combined in Declarations 1-14, 18-21, 23-30 and 32-35 for Terrorism (Excess Layer) subject to; $ 1,400,000,000 Annual Aggregate shared by all Named Insureds combined in Declarations 1-14, 18-21, 23-30 and 32-35, as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer). $ 500,000 Per Occurrence Deductible for Excess Terrorism (Applies only if the Primary Terrorism Limit is exhausted). Included Information Security & Privacy Insurance with Electronic Media Liability Coverage. See attached Cyber Coverage Summary for applicable Limits. (Cyber Liability) If, insured purchases such coverage. TBD Per Named Insured, Per occurrence subject to an Annual Aggregate of Declarations 1-14, 18-30 and 32-35 as respects Personal and Real property for Cyber Attack Resultant Damage Included Pollution Liability Insurance Coverage. See attached Pollution Liability Insurance Coverage Document for applicable limits and deductibles. If, insured purchases such coverage. If, insured purchases such coverage. TERMS & CONDITIONS: Sub-limits, terms and conditions are subject to change. 25% Minimum Earned Premium and cancellations subject to 10% penalty Except Cyber Liability Premium is calculated on a pro-rata basis, unless there is a claim in which case the premium is deemed fully earned. If, insured purchases such coverage. Except Pollution Liability Premium is 100% Earned at Inception. If, insured purchases such coverage. NOTICE OF CANCELLATION: 90 Days except 10 Days for non-payment of premium 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 8 of 9 City of Renton 06/22/2023 06:00:12 PM Annual Cost* Total Property Premium: $ 1,146,456.00 Excess Boiler: $ 5,544.00 Cyber Liability Premium: $ 99,874.00 Pollution Liability Premium: $ 3,540.00 ABS Fee: $ 4,205.00 SLT&F’s (Estimate) $ 26,363.69 Broker Fee: $ 0.00 TOTAL COST †: (Including Taxes and Fees) $ 1,285,982.69 *Premiums are based on valid selectable options and the TIV’s above. Changes in TIV’s will require a premium adjustment. † TOTAL COST includes: premiums, underwriting fees, commissions, loss control expenses, program administration charges, and applicable taxes (excluding the Cyber Enhancement premium - should you have elected to purchase this coverage) PRINT DATE: June 22, 2023 PROPOSAL VALID UNTIL: July 1, 2023 BROKER: ALLIANT INSURANCE SERVICES, INC. License No. 0C36861 Brian A. White First Vice President Anne Shackelford Vice President Jamie Arnoldi Account Manager 2023-2024 Alliant Property Insurance Program (APIP) Property Proposal Page 9 of 9 City of Renton 06/22/2023 06:00:12 PM NOTES: • Some coverage, limits, sub-limits, terms and conditions will change, as negotiations are ongoing. Changes will be documented and accompany the Binder Confirmation for July 1, 2023 bound terms. Changes include but are not limited to a $5M limit for landfills (as defined in the policy), restriction of valuation on vehicles greater than 10 years of age to actual cash value and expanding coverage on personal property outside of the United States to include associated Business Interruption. Coverage outlined in this Proposal is subject to the terms and conditions being negotiated with the policy. To be finalized and presented at Program Inception. Note: In addition to program specific changes noted, there are general restrictions within the market that we will address during the renewal process. Potential market restrictions include but are not limited to Strike, Riot and Civil Commotion and valuation restrictions (i.e. margin clauses and/or occurrence limit of liability endorsements). • For most members the All Risk limit is $800,000,000 in the proposal. The All Risk limit is estimated to bind between $500,000,000 and $1,000,000,000. If your All Risk limits are less than $500,000,000 they are not expected to change. • The program expects to continue purchasing Cyber Resultant Physical Damage cover which is provided to members purchasing Terrorism within the program – limits to be determined. See expiring Policy No. B0180PF2209084 and B0180PF2209624 for current coverage details. • This proposal is based on the current loss experience and is subject to change if this insured’s loss ratio deteriorates further and/or if the markets suffer a catastrophic event • Change in Total Insurable Values will result in adjustment in premium • Each line of coverage is rated separately. Increases in TIV’s on highly rated coverages such as Vehicles, CE, EQ or 100 year Flood Zones, etc. may increase the insured’s average account rate. • The flood zones provided on the Schedule of Values (SOVs) are for rating purposes only. The actual flood zone will be determined at the time of loss. 2023-2024 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 1 of 3 City of Renton 06/22/2023 06:00:12 PM ALLIANT INSURANCE SERVICES, INC. ALLIANT PROPERTY INSURANCE PROGRAM (APIP) BOILER AND MACHINERY PROPOSAL NAMED INSURED: City of Renton POLICY PERIOD: July 1, 2023 to July 1, 2024 COMPANIES: See Attached List of Companies TOTAL INSURED VALUES: $ 411,787,730 as of June 22, 2023 STATUS/RATING: See Attached List of Companies COVERAGES & LIMITS: $ 100,000,000 Boiler Explosion and Machinery Breakdown, (for those Named Insureds that purchase this optional dedicated coverage) as respects Combined Property Damage and Business Interruption/Extra Expense (Including Bond Revenue Interest Payments where Values Reported and excluding Business Interruption for power generating facilities unless otherwise specified). Limit includes loss adjustment agreement and electronic computer or electronic data processing equipment with the following sub-limits: Included Jurisdictional and Inspections. $ 10,000,000 Per Occurrence for Service/Utility/Off Premises Power Interruption. Included Per Occurrence for Consequential Damage/Perishable Goods/Spoilage. $ 10,000,000 Per Occurrence for Electronic Data Processing Media and Data Restoration. $ 2,000,000 Per Occurrence, Per Named Insured and in the Annual Aggregate per Declaration for Earthquake Resultant Damage for Named Insureds who purchase Dedicated Earthquake Coverage. $ 10,000,000 Per Occurrence for Hazardous Substances / Pollutants / Decontamination. Included Per Occurrence for Machine or Apparatus used for Research, Diagnosis, Medication, Surgical, Therapeutic, Dental or Pathological Purposes. NEWLY ACQUIRED LOCATIONS: $ 25,000,000 Automatic Acquisition for Boiler & Machinery values at newly acquired locations. Values greater than $25,000,000 or Power Generating Facilities must be reported within 120 days and must have prior underwriting approval prior to binding 2023-2024 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 2 of 3 City of Renton 06/22/2023 06:00:12 PM VALUATION: Repair or Replacement except Actual Loss sustained for all Time Element coverages EXCLUSIONS (Including but not limited to): • Testing • Explosion, except for steam or centrifugal explosion • Explosion of gas or unconsumed fuel from furnace of the boiler OBJECTS EXCLUDED: (Including but not limited to): • Insulating or refractory material • Buried Vessels or Piping NOTICE OF CANCELLATION: 90 days except 10 days for non-payment of premium DEDUCTIBLES: $ 10,000 Except as shown for Specific Objects or Perils. $ 10,000 Electronic Data Processing Media. $ 10,000 Consequential Damage. $ 10,000 Objects over 200 hp, 1,000 KW/KVA/Amps or Boilers over 5,000 square feet of heating surface. $ 50,000 Objects over 350 hp, 2,500 KW/KVA/Amps or Boilers over 10,000 square feet of heating surface. $ 100,000 Objects over 500 hp, 5,000 KW/KVA/Amps or Boilers over 25,000 square feet of heating surface. $ 250,000 Objects over 750 hp, 10,000 KW/KVA/Amps or Boilers over 75,000 square feet of heating surface. $ 350,000 Objects over 25,000 hp, 25,000 KW/KVA/Amps or Boilers over 250,000 square feet of heating surface. $ 10 per foot / $2,500 Minimum Deep Water Wells. 24 Hour Waiting Period Utility Interruption. 24 Hours Business Interruption/Extra Expense Except as noted below. 30 Days Business Interruption - Revenue Bond. 5 x 100% of Daily Value Business Interruption - All objects over 750 hp or 10,000 KW/KVA/Amps or 10,000 square feet heating surface. 5 x 100% of Daily Value Business interruption - All Objects at Waste Water Treatment Facilities and All Utilities. Annual Cost COST: Cost is included on Property Proposal PRINT DATE: June 22, 2023 PROPOSAL VALID UNTIL: July 1, 2023 2023-2024 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 3 of 3 City of Renton 06/22/2023 06:00:12 PM BROKER: ALLIANT INSURANCE SERVICES, INC. License No. 0C36861 Brian A. White First Vice President Anne Shackelford Vice President Jamie Arnoldi Account Manager NOTES: • Some coverage, limits, sub-limits, terms and conditions will change, as negotiations are ongoing. Changes will be documented and accompany the Binder Confirmation for July 1, 2023 bound terms. • This proposal is based on the current loss experience and is subject to change if this insured’s loss ratio deteriorates further and/or if the markets suffer a catastrophic event • Coverage outlined in this Proposal is subject to the terms and conditions being negotiated with the policy. To be finalized and presented at Program Inception. • Change in Total Insurable Values will result in adjustment in premium 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 1 of 9 City of Renton ALLIANT INSURANCE SERVICES, INC. ALLIANT PROPERTY INSURANCE PROGRAM (APIP) CYBER INSURANCE SUMMARY PROPOSAL TYPE OF COVERAGE: PROGRAM: NAMED INSURED: Information Security & Privacy Insurance with Electronic Media Liability Coverage Alliant Property Insurance Program (APIP) inclusive of Public Entity Property Insurance Program (PEPIP), and Hospital All Risk Property Program (HARPP) APIP Cyber and Pollution Programs, Inc. which may include any member(s), entity(ies), agency(ies), organization(s), enterprise(s) and/or individual(s), attaching to each Declaration insured under the ALLIANT PROPERTY INSURANCE PROGRAM (APIP), inclusive of PUBLIC ENTITY PROPERTY INSURANCE PROGRAM (PEPIP) and HOSPITAL ALL RISK PROPERTY PROGRAM (HARPP) as their respective rights and interests may appear which now exist or which hereafter may be created or acquired and which are owned, financially controlled or actively managed by the herein named interest, all jointly, severally or in any combination of their interests, for account of whom it may concern (all hereinafter referred to as Member(s) / Entity(ies) DECLARATION: Various Declarations as on file with Insurer POLICY PERIOD: July 1, 2023 to July 1, 2024 POLICY #: TBD TERRITORY: WORLD-WIDE RETROACTIVE DATE: APIP/PEPIP For new members – the retro active date will be the date of addition July 1, 2023 For existing members included on the July 1, 2023/24 policy July 1, 2022 For existing members included on the July 1, 2022/23 policy July 1, 2021 For existing members included on the July 1, 2021/22 policy July 1, 2020 For existing members included on the July 1, 2020/21 policy July 1, 2019 For existing members included on the July 1, 2019/20 policy July 1, 2018 For existing members included on the July 1, 2018/19 policy July 1, 2017 For existing members included on the July 1, 2017/18 policy July 1, 2016 For existing members included on the July 1, 2016/17 policy July 1, 2015 For existing members included on the July 1, 2015/16 policy July 1, 2014 For existing members included on the July 1, 2014/15 policy July 1, 2013 For existing members included on the July 1, 2013/14 policy July 1, 2012 For existing members included on the July 1, 2012/13 policy July 1, 2011 For existing members included on the July 1, 2011/12 policy July 1, 2010 For existing members included on the July 1, 2010/11 polic y July 1, 2010 For existing insured’s included on the July 1, 2010/11 policy 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 2 of 9 City of Renton COVERAGES & LIMITS: Ai. $ 45,000,000 Annual Policy and Program Aggregate Limit of Liability (subject to policy exclusions) for all Insureds/Members combined (Aggregate for all coverages combined, including Claims Expenses), subject to the following limits and sub-limits as noted. Aii. $ 40,000,000 JPA/Pool Annual Aggregate Limit of Liability, (subject to policy exclusions) for each JPA/Pool, within the Annual Policy and Program Aggregate Limit of Liability (Aggregate for all coverages combined, including Claim Expenses) subject to the following limits and sub-limits as noted Aiii. $ 2,000,000 Insured/Member Annual Aggregate Limit of Liability (subject to policy exclusions) for each Insured/Member, within the Annual Policy and Program Aggregate Limit of Liability and JPA/Pool Annnual Aggregate Limit of Liability (Aggregate for all coverages combined, including Claim Expenses) subject to the following limits and sub-limits as noted. BREACH RESPONSE Breach Response Costs: $ 500,000 Aggregate Limit of Liability for each Insured/Member (Limit is increased to $1,000,000 if Beazley Nominated Services Providers are used) FIRST PARTY LOSS Business Interruption and Dependent Business Interruption Aggregate Sublimit Business Interruption Loss Resulting from Security Breach: Business Interruption Loss Resulting from System Failure: $ 750,000 Aggregate Limit of Liability for each Insured/Member $ 750,000 Aggregate Limit of Liability for each Insured/Member (Within the $750,000 Business Interruption and Dependent Business Interruption Aggregate Sublimit) $ 500,000 Aggregate Limit of Liability for each Insured/Member (Within the $750,000 Business Interruption and Dependent Business Interruption Aggregate Sublimit) CSU July 1, 2008 California State University and CSU Auxiliary Organizations INSURER: Lloyd’s of London - Beazley Syndicate: Syndicates 2623 - 623 - 100% 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 3 of 9 City of Renton Dependent Business Loss Resulting from Security Breach: Dependent Business Loss Resulting from System Failure: Cyber Extortion Loss: Data Recovery Costs: $ 750,000 Aggregate Limit of Liability for each Insured/Member (Within the $750,000 Business Interruption and Dependent Business Interruption Aggregate Sublimit) $ 100,000 Aggregate Limit of Liability for each Insured/Member (Within the $750,000 Business Interruption and Dependent Business Interruption Aggregate Sublimit) $ 750,000 Aggregate Limit of Liability for each Insured/Member $ 750,000 Aggregate Limit of Liability for each Insured/Member Data & Network Liability: Regulatory Defense & Penalties: $ 2,000,000 Aggregate Limit of Liability for each Insured/Member for all Damages and Claims Expenses $ 2,000,000 Aggregate Limit of Liability for each Insured/Member Payment Card Liabilities & Costs: Media Liability: $ 2,000,000 Aggregate Limit of Liability for each Insured/Member $ 2,000,000 Aggregate Limit of Liability for each Insured/Member for all Damages and Claims Expenses eCRIME Fraudulent Instruction: Funds Transfer Fraud: Telephone Fraud: $ 75,000 Aggregate Limit of Liability for each Insured/Member $ 75,000 Aggregate Limit of Liability for each Insured/Member $ 75,000 Aggregate Limit of Liability for each Insured/Member CRIMINAL REWARD Criminal Reward: $ 25,000 Aggregate Limit of Liability for each Insured/Member COVERAGE ENDORSEMENT(S) Reputation Loss: Claims Preparation Costs for Reputation Loss Claims Only: $ 100,000 Aggregate Limit of Liability for each Insured/Member $ 50,000 Aggregate Limit of Liability for each Insured/Member 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 4 of 9 City of Renton Computer Hardware Replacement Costs: Invoice Manipulation: Cryptojacking: $ 100,000 Aggregate Limit of Liability for each Insured/Member $ 100,000 Aggregate Limit of Liability for each Insured/Member $ 25,000 Aggregate Limit of Liability for each Insured/Member RETENTION: $ TBD CSU Auxiliary Organizations only $ 50,000 Per Claim for each Member/Insured with Total Insured Value (TIV) up to $250,000,000 at the time of policy inception 8 Hour waiting period for Dependent/Business Interruption Loss $ 100,000 Per Claim for each Member/Insured with Total Insured Value (TIV) greater than $250,000,000 and up to $750,000,000 at the time of policy inception 8 Hour waiting period for Dependent/Business Interruption Loss $ 250,000 Per Claim for each Member/Insured with Total Insured Value (TIV) greater than $750,000,000 at the time of policy inception 8 Hour waiting period for Dependent/Business Interruption Loss NOTICES: Policy coverage of this policy provides coverage on a claims made and reported basis; except as otherwise provided, coverage under noted coverage schedule applies only to claims first made against the Insured/Member and reported to underwriters during the policy period. Claims expenses shall reduce the applicable limit of liability and are subject to the applicable retention. This is a shared limit policy among the Named Insureds. The per Insured/Member policy limits are on a per claim or incident for each Insured/Member basis, sub-limits listed are aggregated per Insured/Member and are within the total Insured/Member aggregate limit. In the event of a claim/incident with multiple Insureds/Members exhausting the program aggregate limit provided by the Insurer to Insureds/Members, payment to all Insureds/Members for the claim/incident will be determined by the Insurer. Where coverages are aggregated, sub-limit and limits apply to all Insureds/Members for the entire Policy Period unless specifically stated otherwise. The policy aggregate limit is not a per Insured/Member maximum limit. EXTENDED REPORTING PERIOD: For Named Insured - To be determined at the time of election (additional premium will apply) 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 5 of 9 City of Renton SPECIFIC COVERAGE PROVISIONS: A. Breach Response indemnifies the Insured/Member for Breach Response Costs incurred by the Insured/Member because of an actual or reasonably suspected Data Breach or Security Breach that the Insured first discovers during the Policy Period. B. First Party Loss Business Interruption Loss indemnifies the Insured/Member for a Business Interruption Loss sustained as a result of a Security Breach or System Failure that the Insured first discovers during the Policy Period. Dependent Business Interruption Loss indemnifies the Insured/Member for a Dependent Business Interruption Loss sustained as a result of a Security Breach or a System Failure that the Insured first discover during the Policy Period. Cyber Extortion Loss indemnifies the Insured/Member for a Cyber Extortion Loss incurred as a result of an Extortion Threat first made against the Insured/Member during the Policy Period. Data Recovery Costs indemnifies the Insured/Member for Data Recovery Costs incurred as a direct result of a Security Breach or System Failure that the Insured first discovers during the Policy Period. C. Liability Data & Network Liability pays Damages and Claims Expenses, which the Insured is legally obligated to pay because of any Claim first made against any Insured during the Policy Period for a Data Breach, a Security Breach, the Insured’s failure to disclose a Data Breach or Security Breach, or failure of the Insured to comply with the part of a Privacy Policy that specifically is related to disclosure, access or procedures related to Personally Identifiable Information. Regulatory Defense & Penalties pays Penalties and Claims Expenses, which the Insured is legally obligated to pay because of a Regulatory Proceeding first made against any Insured during the Policy Period for a Data Breach or a Security Breach. Payment Card Liabilities & Costs indemnifies the Insured/Member for PCI Fines, Expenses and Costs which it is legally obligated to pay because of a Claim first made against any Insured during the Policy Period. Media Liability pays Damages and Claims Expenses, which the Insured is legally obligated to pay because of any Claim first made against any Insured during the Policy Period for electronic Media Liability. D. E. eCrime indemnifies the Insured/Member for any direct financial loss sustained resulting from: • Fraudulent Instruction • Funds Transfer Fraud • Telephone Fraud That the Insured first discovers during the Policy Period. Criminal Reward indemnifies the Insured/Member for Criminal Reward Funds. 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 6 of 9 City of Renton Coverage Endorsement(s) Reputational Loss indemnifies the Insured Organization for Reputation Loss that the Insured Organization sustains solely as a result of an Adverse Media Event that occurs during the Policy Period, concerning: a Data Breach, Security Breach, or Extortion Threat that the Insured first discovers during the Policy Period Computer Hardware Replacement Costs is part of the Extra Expense coverage. Extra Expense means reasonable and necessary expenses incurred by the Insured Organization during the Period of Restoration to minimize, reduce or avoid Income Loss, over and above those expenses the Insured Organization would have incurred had no Security Breach, System Failure, Dependent Security Breach or Dependent System Failure occurred; and includes reasonable and necessary expenses incurred by the Insured Organization to replace computers or any associated devices or equipment operated by, and either owned by or leased to, the Insured Organization that are unable to function as intended due to corruption or destruction of software or firmware directly resulting from a Security Breach Invoice Manipulation indemnifies the Insured Organization for Direct Net Loss resulting directly from the Insured Organization’s inability to collect Payment for any goods, products or services after such goods, products or services have been transferred to a third party, as a result of Invoice Manipulation that the Insured first discovers during the Policy Period. Invoice Manipulation means the release or distribution of any fraudulent invoice or fraudulent payment instruction to a third party as a direct result of a Security Breach or a Data Breach. Cryptojacking indemnifies the Insured Organization for any direct financial loss sustained resulting from Cryptojacking that the Insured first discovers during the Policy Period. Cryptojacking means the Unauthorized Access or Use of Computer Systems to mine for Digital Currency that directly results in additional costs incurred by the Insured Organization for electricity, natural gas, oil, or internet. 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 7 of 9 City of Renton EXCLUSIONS: (Including but not limited to) Coverage does not apply to any claim or loss from: • Bodily Injury or Property Damage • Trade Practices and Antitrust • Gathering or Distribution of Information • Prior Known Acts & Prior Noticed Claims • Racketeering, Benefit Plans, Employment Liability & Discrimination • Sale or Ownership of Securities & Violation of Securities Laws • Criminal, Intentional of Fraudulent Acts • Patent, Software Copyright, Misappropriation of Information • Governmental Actions • Other Insureds & Related Enterprises • Trading Losses, Loss of Money & Discounts • Media-Related Exposures – Contractual liability or obligation • Nuclear Incident • Radioactive Contamination • Sanctions Limitation • War and Civil War • Asbestos, Pollution and Contamination • First Party Loss – with respects: 1. seizure, nationalization, confiscation, or destruction of property or data by order of any governmental or public authority; 2. costs or expenses incurred by the Insured to identify or remediate software program errors or vulnerabilities or update, replace, restore, assemble, reproduce, recollect or enhance data or Computer Systems to a level beyond that which existed prior to a Security Breach, System Failure, Dependent Security Breach, Dependent System Failure or Extortion Threat; 3. failure or malfunction of satellites or of power, utility, mechanical or telecommunications (including internet) infrastructure or services that are not under the Insured Organization’s direct operational control; or 4. fire, flood, earthquake, volcanic eruption, explosion, lightning, wind, hail, tidal wave, landslide, act of God or other physical event. 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 8 of 9 City of Renton NOTICE OF CLAIM: • IMMEDIATE NOTICE must be made to Beazley NY of all potential claims and circumstances (assistance, and cooperation clause applies) • Claim notification under this policy is to: Beazley Group Attn: TMB Claims Group 1270 Avenue of the Americas New York, NY 10020 bbr.claims@beazley.com NOTICE OF CANCELLATION: 10 days for non-payment of premium CYBER COST: Cost is included in Total Property Premium OTHER SERVICES Unlimited Access to Beazley Breach Solutions website BROKER: ALLIANT INSURANCE SERVICES, INC. License No. 0C36861 NOTES: • Some coverage, limits, sub-limits, terms and conditions will change, as negotiations are ongoing. Changes will be documented and accompany the Binder Confirmation for July 1, 2023 bound terms. Coverage outlined in this Proposal is subject to the terms and conditions being negotiated with the policy. To be finalized and presented at Program Inception. • This proposal is based on the current loss experience and is subject to change if this insured’s loss ratio deteriorates further and/or if the markets suffer a catastrophic event. • Change in Total Insurable Values and loss experience will result in adjustment in premium. 2023-2024 Alliant Property Insurance Program (APIP) Cyber Liability Proposal Summary Page 9 of 9 City of Renton SUMMARY OF CYBER INSURANCE CHANGES THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2023-2024 POLICY TERM Coverage 2022-2023 2023-2024 Proposed Changes Status Beazley Breach Response Endorsement Coverage offered to new and existing Members – Underwriting required Coverage offered to new and existing Members – Underwriting required New Underwriting guidelines established, sent to retail team. Retention Buy Down Coverage not offered to new members. Coverage is being offered to new and existing members; underwriting required New Underwriting guidelines established, sent to retail team. New members to APIP Cyber Core- Mid Term Transactions Required underwriting for mid- term transactions New this year; no underwriting, all members requesting core coverage are eligible. New Underwriting guidelines established, sent to retail team. Beazley Core Coverage War and Civil War Exclusion MANU New this year: War and Civil War Exclusion with Single Entity Impact Carve Back Beazley Core Coverage First Party Loss Exclusions Amendatory Endorsement MANU New this year: Expands and clarifies First Party Loss exclusions to include Financial and Digital/Internet Infrastructure 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 1 of 19 City of Renton ALLIANT INSURANCE SERVICES, INC. ALLIANT PROPERTY INSURANCE PROGRAM (APIP) POLLUTION LIABILITY COVERAGE PROPOSAL TYPE OF INSURANCE: Insurance Reinsurance TYPE OF COVERAGE: Claims Made and Reported Pollution Liability PROGRAM: Alliant Property Insurance Program (APIP) NAMED INSURED: Any member(s), entity(ies), agency(ies), organization(s), enterprise(s), pool(s), Joint Powers Authority(ies) and/or individual(s) attached to each Declaration insured as per Named Insured Schedule on file with Insurer, listed below. POLICY PERIOD: July 1, 2023 to July 1, 2024 RETROACTIVE DATE: This coverage shall only apply if the Pollution Incident or Disinfection Event giving rise to the Claim, Loss, Business Interruption Expenses or Extra Expenses commenced, in its entirety, on or after July 1, 2011, or the date that the Insured first joined the Alliant Property Insurance Program (APIP) for environmental or pollution insurance coverage, whichever is later, except for the following coverages: • July 1, 2023 for Products Pollution and Exposure Liability; • July 1, 2023 for Contractor’s Pollution • July 1, 2023 for Mold Matter COMPANY: Ironshore Specialty Insurance Company A.M. BEST INSURANCE RATING:: A, Excellent, Financial Size Category XV ($2 Billion or greater) Effective July 27, 2022 STANDARD & POORS RATING: A (Strong) as of May 2, 2017 ADMITTED STATUS: Non-Admitted in all states. COVERED PROPERTY: Per the following SOVs submitted and on file with carrier: 1. PEPIP DEC 1 – SOVs 2. PEPIP DEC 2 – SOVs 3. PEPIP DEC 3 – SOVs 4. PEPIP DEC 4 – SOVs 5. PEPIP DEC 5 – SOVs 6. PEPIP DEC 11 – SOVs 7. PEPIP DEC 12 – SOVs 8. PEPIP DEC 14 – SOVs 9. PEPIP DEC 19 – SOVs 10. PEPIP DEC 23 – SOVs 11. PEPIP DEC 24 – SOVs 12. PEPIP DEC 26 – SOVs 13. PEPIP DEC 27 – SOVs 14. PEPIP DEC 28 – SOVs 15. PEPIP DEC 29 – SOVs 16. PEPIP DEC 30 – SOVs 17. PEPIP DEC 32 – SOVs (Excludes SPIP, except as endorsed) 18. PEPIP DEC 33 – SOVs 19. PEPIP DEC 34 – SOVs 20. PEPIP DEC 35 – SOVs 21. PEPIP DEC 97 – SOVs – Excluding HARPP members Covered locations include any real property owned, leased, rented, operated or occupied by the Insured at policy inception. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 2 of 19 City of Renton COVERAGES & LIMITS: $25,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Policy Program Aggregate (all insureds combined) Per Pollution Incident Per Named Insured Aggregate Per JPA/Pool Aggregate SUB-LIMITS: $ 100,000 $ 100,000 $ 250,000 $ 250,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 250,000 $ 2,000,000 $ 5,000,000 $ 1,000,000 $ 2,000,000 $ 2,000,000 $ 5,000,000 $ 5,000,000 Disinfection Event Expenses Per Pollution Incident* Disinfection Event Expenses Program Aggregate* Image Restoration Expenses Per Pollution Incident* Image Restoration Expenses Program Aggregate* Mold Matter Loss, Business Interruption and Extra Expense Program Aggregate* Legionella Program Aggregate* Sewer Backup and Overcharge Program Aggregate* Lead or Lead Containing Materials Program Aggregate* Any Punitive, Exemplary and Multiplied Damages and Civil Fines, Penalties and Assessments* Products Pollution and Exposure Liability Per Pollution Incident* Products Pollution and Exposure Liability Program Aggregate* Contractor’s Pollution Per Pollution Incident - Herbicide, Insecticide, Pesticide Applications Only* Contractor’s Pollution Program Aggregate - Herbicide, Insecticide, Pesticide Applications Only* Contractor’s Pollution Per Pollution Incident - All other Operations* Contractors Pollution Program Aggregate* - All other Operations* Wildfire Program Aggregate Sublimit* *Note: the above sub-limits payable under this coverage do not increase and are not in addition to the applicable limit of liability. EXTENDED REPORTING PERIOD: Automatic Extended Reporting Period The Named Insured shall be entitled to an Automatic Extended Reporting Period for a period of ninety (90) days following the effective date of termination of this Policy for no additional premium. This automatic ERP does not apply if the insured has purchased other insurance to replace the insurance provided by this policy. SPECIFIC COVERAGE PROVISIONS: CLAIMS MADE AND REPORTED Coverage A – Third Party Claims for Bodily Injury, Property Damage or Remediation Expenses: Coverage for loss that the Insured becomes legally obligated to pay as a result of claims for Bodily Injury, Property Damage or Remediation Expenses directly resulting from a Pollution Incident, provided that the claim is first made against the Insured and reported to the Insurer, in writing, during the policy period. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 3 of 19 City of Renton SPECIFIC COVERAGE PROVISIONS - CONTINUED: Coverage B – Onsite First Party Remediation Expenses: Coverage for Remediation Expenses incurred exclusively for remediation of pollutants that are on, at or under a covered location, provided that the pollution incident is first discovered by the Insured during the policy period, the Insured reports the pollution incident to the Insurer, in writing, during the policy period, and the pollution incident is promptly reported by the Insured to the appropriate governmental authority if and as required by environmental law. Coverage C – Emergency Response Expenses: To pay on behalf of the Insured, Emergency Response Expenses incurred by or on behalf of the Insured in response to an imminent and substantial threat to human health or the environment resulting from a Pollution Incident on, at , under or migrating from a Covered Property or arising from Transportation that commences, in its entirety, during the policy period. The Emergency Response Expenses must: (i) be incurred within seven (7) days of the commencement of such Pollution Incident; and (ii) be reported to the Insurer within fourteen (14) days of such commencement. For this Coverage to apply, the Pollution Incident giving rise to the Emergency Response Expenses must be unexpected and unintended from the standpoint of the Insured. Coverage for Transportation is included in Emergency Response Expenses above. Coverage D – Business Interruption: Coverage for the Insured’s Business Interruption Expenses and Extra Expenses during the Period of Interruption that directly result from a Pollution Incident on, at or under a Covered Property. This Coverage shall apply only if the Pollution Incident giving rise to the Business Interruption Expenses or Extra Expenses is first discovered by the Insured and reported to the Insurer, in writing, during the Policy Period, and such Pollution Incident results in Remediation Expenses covered under this Policy. Discovery of a Pollution Incident happens when a Responsible Insured first becomes aware of the Pollution Incident. Further, if the interruption results from a Pollution Incident and any other cause(s), the Company shall only pay that portion of Business Interruption Expenses and Extra Expenses solely attributable to the Pollution Incident. In the event of a Period of Interruption, it is a condition precedent to Coverage that the Named Insured notifies the Company of the interruption within thirty (30) days of its commencement and that the Named Insured resume normal operation of the business as soon as possible and use all reasonable efforts to mitigate any Business Interruption Expenses and Extra Expenses. Coverage E – Coverage for Disinfection Event Expenses To pay on behalf of the Insured, Disinfection Expenses that directly result from a Disinfection Event at a Covered Property, provided that the Disinfection Event commences, in its entirety, during the Policy Period; such Disinfection Expenses are incurred within thirty (30) days of the first discovery of such Disinfection Event by a Responsible Insured; and the Insured reports the Disinfection Event to the Insurer, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Disinfection Event. Disinfection Expenses means reasonable fees and costs incurred by the Insured to retain third party qualified vendors to disinfect the actual presence of bacteria or virus at a Covered Property after a Disinfection Event. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 4 of 19 City of Renton SPECIFIC COVERAGE PROVISIONS - CONTINUED: Coverage F – Coverage for Image Restoration Expenses To pay on behalf of the Insured, Image Restoration Expenses that directly result from an Image Restoration Event, provided that the Pollution Incident giving rise to the Image Restoration Event is on, at, under or migrating from a Covered Property or results from Transportation or Waste Disposal Activities; the Pollution Incident giving rise to the Image Restoration Expenses commenced, in its entirety, during the Policy Period; such Image Restoration Expenses are incurred by the Insured within fourteen (14) days of the first newspaper or magazine publication or television news broadcast associated with the Pollution Incident giving rise to the Image Restoration. Event; and the Pollution Incident giving rise to the Image Restoration Expenses is reported to the Company, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Image Restoration Event. Image Restoration Expenses are defined as reasonable and necessary public relations expenses to restore public reputation and consumer confidence. Image Restoration Expenses shall include fees and expenses incurred by public relations or crisis management firms and reasonable and necessary printing, mailing of materials and travel by directors, officers, employees or agents of the Named Insured at the direction of such firms. Image Restoration Expenses shall not include the costs to purchase advertising on television, in newspapers or in any other media. Supplemental coverage for Contractors Pollution is included. This coverage covers third-party claims arising out of “your work”, provided the claim is first made and reported during the policy period. The Contractor’s Pollution must have commenced on or after 7/1/2023. Supplemental coverage for Products Pollution and Exposure Liability is included. This coverage covers third-party claims arising out of product pollution, provided the claim is first made and reported during the policy period. The Products Pollution must have commenced on or after 7/1/2023. Automatic Acquisition – Coverage for mid-term transactions for values that are less than $25,000,000 shall be added as a covered location, upon the closing date of such acquisition, or the effective date of such lease, management, rental or occupation right or obligation, respectively, for no additional premium. An application and notification of title or occupancy must be provided to Ironshore within 180 days. Property valued at more than $25,000,000 purchased, leased or otherwise acquired by the Insured needs to be reported to the Insurer within 180 days, along with a completed and signed Site Pollution Incident Legal Liability Select Application and shall be added as a covered location upon the closing date of such acquisition subject to an additional premium of $0.008596 per $1,000 of Total Insurable Values, pro-rated with a minimum premium of $450. There will be no additional premium for any Covered Property with Total Insurable Values which are less than $25,000,000. Illicit Abandonment is included in the definition of pollution condition. Other Insurance Condition Any Loss covered under any other valid and collectible insurance, whether primary, excess, contingent, self-insurance, deductible or any other basis, including but not limited to any stand-alone policies purchased by a Named Insured, this insurance shall apply in excess of. Mold matter and Legionella is included in the definition of Pollutant. Mold matter is defined as mold, mildew and fungi, whether or not such microbial matter is living. Legionella means legionella pnuemophila. Wildfire is defined as any hostile fire, wildland fire, forest fire, brush fire, vegetation fire, grass fire, peat fire, bushfire, hill hire, desert fire, veldfire, escaped prescribed fire or escaped wildland fire. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 5 of 19 City of Renton SPECIFIC COVERAGE PROVISIONS - CONTINUED: Blanket Underground Storage Tank coverage included, with a deductible of $500,000 for storage tanks less than twenty-five years old, and a deductible of $1,000,000 for storage tanks older than twenty-five years. Note: Does not meet financial assurance requirements. Loss covered pursuant to any state storage tank fund, state administered insurance program or restoration funding for any underground storage tank(s) whose owners qualify for reimbursement, or any self-insurance fund established for the purpose of funding clean-up costs for pollution conditions from any underground storage tank(s), shall be considered primary insurance, to which the coverage afforded pursuant to this policy shall apply in excess. EXCLUSIONS (including but not limited to): Coverage does not apply to any claim or loss from: • Aircraft, Auto or Watercraft – does not apply to Transportation • Asbestos, PCBs and Lead – o Any asbestos, asbestos containing materials, lead, lead containing materials, including but not limited to leadbased paint, polychlorinated biphenyls (PCBs) or materials containing PCBs in, on, at, within or applied to any building, utility, structure or building material. This exclusion does not apply to Claims for Bodily Injury or Property Damage, or Remediation Expenses for the remediation of any soil, groundwater body, surface water body or sediment; or o Any asbestos, asbestos containing materials, lead or lead-containing materials, other metals, including but not limited to copper, or metal containing materials in, on or applied to any water supply or collection equipment, system or infrastructure, including but not limited to water service lines; this does not apply to third-party claims for bodily injury or property damage, or for remediation expenses of any groundwater body, surface water body or sediment; Further, this exclusion shall not apply to Remediation Expenses solely incurred for the remediation of asbestos, asbestos containing materials or lead-based paint which has been inadvertently displaced (not including any displacement associated with demolition, renovation or abatement) by an accident which occurs, in its entirety, during the Policy Period and is demonstrable by the Insured as commencing during the Policy Period, provided that such accident is reported to the Company within thirty (30) days of its commencement. However, there shall be no coverage for any costs incurred to: remove, abate, repair, dispose of or otherwise address any asbestos, asbestos containing materials or lead-based paint that has not been displaced by such accident, or to remove or dispose of any building, construction or demolition debris. Asbestos is fully excluded under Products Pollution and Exposure Liability coverage. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 6 of 19 City of Renton EXCLUSIONS (including but not limited to): Coverage does not apply to any claim or loss from: • Contractual Liability – This exclusion does not apply to liability that the Insured would have had in the absence of the contract or agreement or to liability assumed in an Insured Contract. • Criminal Punishments • Divested Property – does not apply to any Covered Property owned by an Insured as of Policy Inception which is leased to a third party, even if the Insured has relinquished operation or management control of such Covered Property, provided that such covered property was disclosed to the Insurer. • Employer Liability – This exclusion applies whether the Insured may be liable as an employer or in any other capacity, and to any obligation to share damages with or repay someone else who must pay damages because of such Bodily Injury. • Insured’s Internal Expenses • Insured’s Non-Compliance • Insured vs. Insured • Insured’s Professional Services – any professional services performed or rendered on behalf of the Insured, including but not limited to, medical services, recommendations, opinions and strategies rendered for architectural, consulting and engineering work, such as drawings, designs, maps, reports, surveys, change orders, plan specifications, assessment work, remedy selections site maintenance and equipment selection, and supervisory, inspection or engineering service. • Material Change In Use – This exclusion shall not apply if the Insured submits prior written notice no less than thirty (30) days prior to such material change, and the Company approves such material change in an endorsement to this Policy issued within thirty (30) days of such notice. • Non-Disclosure • Prior Claims (prior to July 1, 2021) • Nuclear or Radiological Material • Property Damage to Conveyances • War • Workers Compensation, Unemployment, Social Security, Disability and Similar Laws • Waste Processing, Treatment or Disposal – does not apply to waste disposal activities at a non-owned disposal site. • Airports – defined as any airport where enplanement occurs and/o cargo is moved for a fee and storage, transportation and the dispensing of fuel and/or de- icing solution operations are conducted. This exclusion shall not apply to passenger airports with less than 2,500 passenger boardings per year. • Oil and/or Gas Producing and Refining Facilities • Firing Ranges • Activity Use Limitation 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 7 of 19 City of Renton EXCLUSIONS (including but not limited to, Cont.): • Landfill Closure, Post-Closure and Reclamation Costs • Combined Sewer Overflow • Commercial Ports – Any commercial port where ships load and unload cargo. • Landfill • Odor - Solely with respect to any Pollution Incident on, at, under or migrating from any location used (in whole or part) at any time (currently or historically) for the collection, treatment, recycling, management, incineration or disposal of waste materials, any Claim, in whole or part, due to or in any way associated with any odor; any Claim for Bodily Injury or Property Damage due to or associated with any gas or emissions that have migrated beyond the boundaries of a Covered Property; or any Claim for public or private nuisance due to or associated with any odor or any gas or emissions migration. • Impoundments • Engineering Controls / Operation and Maintenance (O&M) Costs • Groundwater and Surface Water Monitoring Costs • COVID-19 • Capital Improvement – Applies to all locations, also applies to removal, replacement, repair or upgrade of an underground storage tank. • Voluntary Site Investigation – Applies to all locations. • Waste Processing, Treatment or Disposal – does not apply to waste disposal activities at a Non-Owned Disposal Site. • Expected or Intended Injury or Damage (Product Pollution and Covered Operations only) • Known Injury or Damage (Product Pollution and Covered Operations only) • Product Disposal (Product Pollution Only) • Products as Waste (Product Pollution Only) • Transportation (Product Pollution only) • Damage to Your Product (Product Pollution Only) • Drinking Water Standards Exceedance (Product Pollution Only) • Material Change in Potable Water Supply Source (Product Pollution Only) • Conveyance (Covered Operations only) • Business Interruption (Covered Operations Only) • Damage to Property (Covered Operations Only) • Damage to Your Work (Covered Operations Only) • Waste Processing, Treatment or Disposal • Any perfluoroalkyl or polyfluoroalkyl substance (PFAS), including but not limited to perfluoroalkyl acids (PFAAs), perfluorooctanoic acid (PFOA), perfluorooctane sulfonate (PFOS), perfluoroheptanoic acid (PFHpA), perfluorononanoic acid (PFNA), perfluorohexanesulfonic acid (PFHxS), GenX, “C8”, “ADONA,” perfluoroalkane sulfonyl fluoride (PASF), perfluorobutanesulfonic acid (PFBS), polytetrafluoroethylene (PTFE), perfluoropolyethers (PFPEs), fluoropolymers, perfluorononanoic acid or ammonium perfluorooctanoate , or any associated salts, acids, alcohols, precursor chemicals or related higher homologue chemicals. Further, Pollutants shall not include aqueous film forming foam (AFFF) containing PFAS (at any concentration) or any additives or component materials contained therein or degradation by-products thereof. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 8 of 19 City of Renton DEDUCTIBLE: $ 250,000 $ 500,000 Each Pollution Incident After July 1, 2021 Each Pollution Incident Prior to July 1, 2021 Any payments for covered loss paid by other insurance shall also be applied against the deductible amount. SPECIFIC DEDUCTIBLES: $ 250,000 $ 250,000 $ 250,000 $ 250,000 $ 250,000 $ 500,000 $ 500,000 * Disinfection Event Expenses Image Restoration Expenses Products Pollution and Exposure Liability Covered Operations Mold Matter (*or $50,000 per room impacted, whichever is greater – a room is considered equal to 250 sq ft of floor space, education, healthcare and hospitality locations only) Legionella Sewer Backup and Overcharge deductible $ 500,000 $ 1,000,000 $ 1,000,000 Underground Storage Tanks (less than 25 years old) Underground Storage Tanks (more than 25 years old) Wildfire Deductible CLAIMS REPORTING NOTICE PLEASE NOTE THAT POLLUTION LIABILITY POLICIES CONTAIN EXTREMELY STRICT CLAIM REPORTING PROCEDURES. Below please find your policy specific claim reporting requirements - Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. THIS IS A CLAIMS MADE POLICY This claims-made policy contains a requirement stating that this policy applies only to any claim first made against the Insured and reported to the insurer during the policy period or applicable extended reporting period. Claims must be submitted to the insurer during the policy period, or applicable extended reporting period, as required pursuant to the Claims/Loss Notification Clause within the policy in order for coverage to apply. Late reporting or failure to report pursuant to the policy’s requirements could result in a disclaimer of coverage by the insurer. 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 9 of 19 City of Renton LOSS REPORTING REQUIREMENTS: Written notice of any claim or pollution condition, within seven (7) days of discovery for pollution conditions requiring immediate emergency response. Concurrently, please send to: 1) Ironshore Environmental Claims CSO 28 Liberty Street, 5th Floor New York, NY 10005 Office By phone via: 24 Hour Claims Phone Number (888) 292-0249 FAX to: 646-826-6601 Email: USClaims@ironshore.com 2) Akbar Sharif Alliant Insurance Services, Inc. 1301 Dove Street, Suite 200 Newport Beach, CA 92660 949 260-5088 949 756-2713 – fax Akbar.Sharif@alliant.com NOTICE OF CANCELLATION: 90 days except 10 days for non-payment of premium REINSTATEMENT PROVISIONS: Not Provided POLLUTION LIABILITY COST: Cost is included in Total Property Premium 100% Earned Premium at Inception QUOTE VALID UNTIL: July 1, 2023 BROKER: ALLIANT INSURANCE SERVICES, INC. License No. 0C36861 SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 10 of 19 City of Renton Coverage 2022-2023 2023-2024 Pending Changes Pollution Liability Policy Term July 1, 2022 to July 1,2023 July 1, 2023 to July 1, 2024 Retroactive Date • July 1, 2011 for Waste Disposal; • July 1, 2022 for Products Pollution and Exposure Liability; • July 1, 2022 for Contractor’s Pollution • July 1, 2021 for Mold Matter • July 1, 2011 Disinfection Event This coverage shall only apply if the Pollution Incident or Disinfection Event giving rise to the Claim, Loss, Business Interruption Expenses or Extra Expenses commenced, in its entirety, on or after July 1, 2011, or the date that the Insured first joined the Alliant Property Insurance Program (APIP) for environmental or pollution insurance coverage, whichever is later. This coverage shall only apply if the Pollution Incident or Disinfection Event giving rise to the Claim, Loss, Business Interruption Expenses or Extra Expenses commenced, in its entirety, on or after July 1, 2011, or the date that the Insured first joined the Alliant Property Insurance Program (APIP) for environmental or pollution insurance coverage, whichever is later, except for the following coverages: • July 1, 2023 for Products Pollution and Exposure Liability; • July 1, 2023 for Contractor’s Pollution • July 1, 2023 for Mold Matter A.M. Best Insurance Rating A, Excellent, Financial Category XV ($2 Billion or greater) Effective June 29, 2021 A, Excellent, Financial Category XV ($2 Billion or greater) Effective July 27, 2022 Standard and Poors Rating A (Strong) as of November 25, 2020 A (Strong) as of May 2, 2017 Covered Property Covered locations include any real property owned, leased, rented, operated or occupied by the Insured at policy inception. Covered locations also include any subsurface potable water, wastewater or storm water pipes to or from a covered property that are located within a one thousand (1,000) foot radius of such covered location as of policy inception. Covered locations include any real property owned, leased, rented, operated or occupied by the Insured at policy inception. New form automatically covers sewer and stormwater lines, no need to schedule. Sub-Limits $1,000,000 Restoration Costs, Business Interruption and Extra Expense Program Aggregate (Mold Matter at healthcare and hospitality locations only)* $1,000,000 Mold Matter Loss, Business Interruption and Extra Expense Program Aggregate*. Applies to all locations now. $1,000,000 Legionella Per Pollution Incident* $1,000,000 Legionella Program Aggregate* $2,000,000 Sewer Backup or Overcharge Per Pollution Incident* $1,000,000 Sewer Backup and Overcharge Program Aggregate* SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 11 of 19 City of Renton Coverage 2022-2023 2023-2024 Pending Changes Sublimits (Continued) $2,000,000 Lead or Lead Containing Materials Program Aggregate* $1,000,000 Lead or Lead Containing Materials Program Aggregate* $1,000,000 Contractor’s Pollution Per Pollution Incident - Herbicide, Insecticide, Pesticide Applications Only $1,000,000 Contractor’s Pollution Per Pollution Incident - Herbicide, Insecticide, Pesticide Applications Only* $2,000,000 Contractor’s Pollution Per Pollution Incident - All other Operations* $2,000,000 Contractor’s Pollution Program Aggregate - Herbicide, Insecticide, Pesticide Applications Only* $5,000,000 Contractors Pollution Program Aggregate* $5,000,000 Contractors Pollution Program Aggregate - All other Operations* $1,000,000 Wildfire Per Pollution Incident* Deleted per pollution incident sublimit and replaced it with a $1M Wildfire deductible. Coverages Coverage A.1 – Onsite Pollution: Coverage for Remediation Expenses incurred exclusively for remediation of Pollutants that are on, at or under a Covered Property, provided such Remediation Expenses are incurred to address Onsite Pollution and directly result from New Conditions. Coverage A – Third Party Claims for Bodily Injury, Property Damage or Remediation Expenses: To pay on behalf of the Insured, Loss that the Insured becomes legally obligated to pay as a result of Claims for Bodily Injury, Property Damage or Remediation Expenses directly resulting from a Pollution Incident, provided that the Claim is first made against the Insured and reported to the Company, in writing, during the Policy Period, or during the Extended Reporting Period if applicable Coverage A.2 – OffSite Pollution: Coverage for Remediation Expenses incurred exclusively for remediation of Pollutants that are beyond the boundaries of the Covered Property, provided such Remediation Expenses are incurred to address Offsite Pollution and result from New Conditions. Coverage B – Onsite First Party Remediation Expenses: Coverage for Remediation Expenses incurred exclusively for remediation of pollutants that are on, at or under a covered location, provided that the pollution incident is first discovered by the Insured during the policy period, the Insured reports the pollution incident to the Insurer, in writing, during the policy period, and the pollution incident is promptly reported by the Insured to the appropriate governmental authority if and as required by environmental law. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 12 of 19 City of Renton Coverage 2022-2023 2023-2024 Pending Changes Coverages (Continued) Coverage B – Emergency Response Expenses To pay on behalf of the Insured, Emergency Response Expenses incurred by or on behalf of the Insured in response to an imminent and substantial threat to human health or the environment resulting from a Pollution Incident on, at , under or migrating from a Covered Property or arising from Transportation that commences, in its entirety, during the policy period. The Emergency Response Expenses must: (i) be incurred within seven (7) days of the commencement of such Pollution Incident; and (ii) be reported to the Insurer within fourteen (14) days of such commencement. For this Coverage to apply, the Pollution Incident giving rise to the Emergency Response Expenses must be unexpected and unintended from the standpoint of the Insured. Coverage C – Emergency Response Expenses To pay on behalf of the Insured, Emergency Response Expenses incurred by or on behalf of the Insured in response to an imminent and substantial threat to human health or the environment resulting from a Pollution Incident on, at , under or migrating from a Covered Property or arising from Transportation that commences, in its entirety, during the policy period. The Emergency Response Expenses must: (i) be incurred within seven (7) days of the commencement of such Pollution Incident; and (ii) be reported to the Insurer within fourteen (14) days of such commencement. For this Coverage to apply, the Pollution Incident giving rise to the Emergency Response Expenses must be unexpected and unintended from the standpoint of the Insured. Coverage D – Transportation To pay on behalf of the Insured, Loss that the Insured becomes legally obligated to pay as a result of Claims for Bodily Injury, Property Damage or Remediation Expenses directly resulting from New Conditions, which arise from Transportation, provided such Claims are first made against the Insured and reported to the Company in writing during the Policy Period. Coverage for Transportation is included under Coverage A above. Coverage E – Waste Disposal Activities: To pay on behalf of the Insured, Loss that the Insured becomes legally obligated to pay as a result of Claims for Bodily Injury, Property Damage or Remediation Expenses directly resulting from a Pollution Incident resulting from Waste Disposal Activities. The Waste Disposal Activities must take place on or after the Waste Disposal Retroactive Date set forth in the Declarations, or the date that the Insured first began operations if no Waste Disposal Retroactive Date is indicated in the Declarations. This Coverage shall apply only if such Claims are first made against the Insured and reported to the Company in writing during the Policy Period, or during the Extended Reporting Period if applicable. Coverage for Waste Disposal Activities at Non-Owned Disposal Sites is included under Coverage A above. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 13 of 19 City of Renton Coverages (Continued) Coverage F – Business Interruption: To pay the Insured’s Business Interruption Expenses and Extra Expenses during the Period of Interruption that directly results from Onsite Pollution arising from New Conditions. This Coverage shall apply only if the Pollution Incident giving rise to the Business Interruption Expenses or Extra Expenses is first discovered by the Insured and reported to the Company, in writing, during the Policy Period, and such Pollution Incident results in Remediation Expenses covered under this Policy. Discovery of a Pollution Incident happens when a Responsible Insured first becomes aware of the Pollution Incident. Further, if the Period of Interruption results from a Pollution Incident and any other cause(s), the Company shall only pay that portion of Business Interruption Expenses and Extra Expenses solely attributable to the Pollution Incident. Coverage D – Business Interruption: Coverage for the Insured’s Business Interruption Expenses and Extra Expenses during the Period of Interruption that directly result from a Pollution Incident on, at or under a Covered Property. This Coverage shall apply only if the Pollution Incident giving rise to the Business Interruption Expenses or Extra Expenses is first discovered by the Insured and reported to the Company, in writing, during the Policy Period, and such Pollution Incident results in Remediation Expenses covered under this Policy. Discovery of a Pollution Incident happens when a Responsible Insured first becomes aware of the Pollution Incident. Further, if the interruption results from a Pollution Incident and any other cause(s), the Company shall only pay that portion of Business Interruption Expenses and Extra Expenses solely attributable to the Pollution Incident. In the event of a Period of Interruption, it is a condition precedent to Coverage that the Named Insured notifies the Company of the interruption within thirty (30) days of its commencement and that the Named Insured resume normal operation of the business as soon as possible and use all reasonable efforts to mitigate any Business Interruption Expenses and Extra Expenses. Coverage G – Coverage for Disinfection Event Expenses To pay on behalf of the Insured, Disinfection Expenses that directly result from a Disinfection Event at a Covered Property, provided that the Disinfection Event commences, in its entirety, during the Policy Period; such Disinfection Expenses are incurred within thirty (30) days of the first discovery of such Disinfection Event by a Responsible Insured; and the Insured reports the Disinfection Event to the Company, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Disinfection Event. Disinfection Expenses means reasonable fees and costs incurred by the Insured to retain third party qualified vendors to disinfect the actual presence of bacteria or virus at a Covered Property after a Disinfection Event. Coverage E – Coverage for Disinfection Event Expenses To pay on behalf of the Insured, Disinfection Expenses that directly result from a Disinfection Event at a Covered Property, provided that the Disinfection Event commences, in its entirety, during the Policy Period; such Disinfection Expenses are incurred within thirty (30) days of the first discovery of such Disinfection Event by a Responsible Insured; and the Insured reports the Disinfection Event to the Company, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Disinfection Event. Disinfection Expenses means reasonable fees and costs incurred by the Insured to retain third party qualified vendors to disinfect the actual presence of bacteria or virus at a Covered Property after a Disinfection Event. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 14 of 19 City of Renton Coverages (Continued) Coverage H – Coverage for Image Restoration Expenses To pay on behalf of the Insured, Image Restoration Expenses that directly result from an Image Restoration Event, provided that the Pollution Incident giving rise to the Image Restoration Event is on, at, under or migrating from a Covered Property or results from Transportation or Waste Disposal Activities; the Pollution Incident giving rise to the Image Restoration Expenses commenced, in its entirety, during the Policy Period; such Image Restoration Expenses are incurred by the Insured within fourteen (14) days of the first newspaper or magazine publication or television news broadcast associated with the Pollution Incident giving rise to the Image Restoration. Event; and the Pollution Incident giving rise to the Image Restoration Expenses is reported to the Company, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Image Restoration Event. Image Restoration Expenses are defined as reasonable and necessary public relations expenses to restore public reputation and consumer confidence. Image Restoration Expenses shall include fees and expenses incurred by public relations or crisis management firms and reasonable and necessary printing, mailing of materials and travel by directors, officers, employees or agents of the Named Insured at the direction of such firms. Image Restoration Expenses shall not include the costs to purchase advertising on television, in newspapers or in any other media. Coverage F – Coverage for Image Restoration Expenses To pay on behalf of the Insured, Image Restoration Expenses that directly result from an Image Restoration Event, provided that the Pollution Incident giving rise to the Image Restoration Event is on, at, under or migrating from a Covered Property or results from Transportation or Waste Disposal Activities; the Pollution Incident giving rise to the Image Restoration Expenses commenced, in its entirety, during the Policy Period; such Image Restoration Expenses are incurred by the Insured within fourteen (14) days of the first newspaper or magazine publication or television news broadcast associated with the Pollution Incident giving rise to the Image Restoration. Event; and the Pollution Incident giving rise to the Image Restoration Expenses is reported to the Company, in writing, during the Policy Period and within fourteen (14) days of a Responsible Insured’s first discovery of such Image Restoration Event. Image Restoration Expenses are defined as reasonable and necessary public relations expenses to restore public reputation and consumer confidence. Image Restoration Expenses shall include fees and expenses incurred by public relations or crisis management firms and reasonable and necessary printing, mailing of materials and travel by directors, officers, employees or agents of the Named Insured at the direction of such firms. Image Restoration Expenses shall not include the costs to purchase advertising on television, in newspapers or in any other media. Automatic Acquisition - Coverage for mid-term transactions for values that are less than $25,000,000 shall be added as a covered location, upon the closing date of such acquisition, or the effective date of such lease, management, rental or occupation right or obligation, respectively, for no additional premium. An application and notification of title or occupancy must be provided to Ironshore within 180 days. Property valued at more than $25,000,000 purchased, leased or otherwise acquired by the Insured needs to be reported to the Insurer within 180 days, along with a completed and signed Site Pollution Incident Legal Liability Select Application and shall be added as a covered location upon the closing date of such acquisition subject to an additional premium of $0.007164 per $1,000 of Total Insurable Values, pro-rated with a minimum premium of $450. There will be no additional premium for any Covered Property with Total Insurable Values which are less than $25,000,000. Automatic Acquisition - Coverage for mid-term transactions for values that are less than $25,000,000 shall be added as a covered location, upon the closing date of such acquisition, or the effective date of such lease, management, rental or occupation right or obligation, respectively, for no additional premium. An application and notification of title or occupancy must be provided to Ironshore within 180 days. Property valued at more than $25,000,000 purchased, leased or otherwise acquired by the Insured needs to be reported to the Insurer within 180 days, along with a completed and signed Site Pollution Incident Legal Liability Select Application and shall be added as a covered location upon the closing date of such acquisition subject to an additional premium of $0.008596 per $1,000 of Total Insurable Values, pro-rated with a minimum premium of $450. There will be no additional premium for any Covered Property with Total Insurable Values which are less than $25,000,000. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 15 of 19 City of Renton Coverages (Continued) Supplemental coverage for Contractors Pollution is included. This coverage covers third-party claims arising out of “your work”, provided the claim is first made and reported during the policy period. The Contractor’s Pollution must have commenced on or after 7/1/2022. Supplemental coverage for Contractors Pollution is included. This coverage covers third-party claims arising out of “your work”, provided the claim is first made and reported during the policy period. The Contractor’s Pollution must have commenced on or after 7/1/2023. Supplemental coverage for Products Pollution and Exposure Liability is included. This coverage covers third-party claims arising out of product pollution, provided the claim is first made and reported during the policy period. The Products Pollution must have commenced on or after 7/1/2022. Supplemental coverage for Products Pollution and Exposure Liability is included. This coverage covers third- party claims arising out of product pollution, provided the claim is first made and reported during the policy period. The Products Pollution must have commenced on or after 7/1/2023. Other Insurance Condition Any Loss covered under any other valid and collectible insurance, whether primary, excess, contingent, self-insurance, deductible or any other basis, including but not limited to the policies scheduled below and any renewals or replacements thereof; however, this insurance shall apply in excess of any such other valid and collectible insurance. Other Insurance Condition Any Loss covered under any other valid and collectible insurance, whether primary, excess, contingent, self- insurance, deductible or any other basis, including but not limited to any stand-alone policies purchased by a Named Insured, this insurance shall apply in excess of. Mold matter and Legionella is included in the definition of Pollutant. Mold matter is defined as mold, mildew and fungi, whether or not such microbial matter is living. Mold matter and Legionella is included in the definition of Pollutant. Mold matter is defined as mold, mildew and fungi, whether or not such microbial matter is living. Legionella means legionella pnuemophila. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 16 of 19 City of Renton Coverages (Continued) Blanket Coverage included for Non-Owned Disposal Sites. Includes any transfer, storage, treatment or disposal facilities which are used by the Insured, but not owned, operated or rented by the Insured, provided that the transfer, storage, treatment or disposal facility is not listed or proposed to be listed on the Federal National Priorities List, or any equivalent state or local list as of policy inception. The BKK Landfill located at 2210 South Azusa Avenue, West Covina, CA is specifically excluded from coverage. Sudden and Accidental Coverage Only (loss must be discovered within 7 days of commencement and reported no later than 21 days following the discovery, and within the policy period) applies for the following locations: 1. Any location with current or historic use as an airport; 2. MAPLE (SOUTH) - 519 ENTRANCE OFF POMONA CORONA CA 92880 3. 1018 COTTONWOOD CORONA CA 92879 4. 1200 TENTH ST. (WEST) CORONA CA 92882 5. 102 LINCOLN (NORTH) CORONA CA 92882 6. 1052 QUARRY CORONA CA 92879 7. 34 CRESTRIDGE CORONA CA 92880 8. 219 GRAND (WEST) CORONA CA 92882 9. 25225 MAITRI RD. CORONA CA 92883 10. 24650 GLEN IVY RD. CORONA CA 92883 11. 405 SIERRA VISTA AVE. CORONA CA 92882 12. 315 MERILL ST (SOUTH) CORONA CA 92882 13. 310 VICENTIA (SOUTH) CORONA CA 92882 14. 710 CORPORATION YARD WAY CORONA CA 92880 15. 2581 MANGULAR CORONA CA 92882 16. 202 BUENA VISTA AVE. (NORTH) CORONA CA 92882 17. 240 BUENA VISTA AVE. CORONA CA 92882 18. 211 BUENA VISTA AVE. (SOUTH) CORONA CA 92882 19. 9865 GLEN IVY RD. CORONA CA 92883 20. 917 CIRCLE CITY DR. CORONA CA 92879 21. 219 JOY (SOUTH) CORONA CA 92879 22. 505 VICENTIA (SOUTH) CORONA CA 92882 1865 POMONA RD CORONA CA 92880 Blanket Coverage included for Non-Owned Disposal Sites. Includes any transfer, storage, treatment or disposal facilities which are used by the Insured, but not owned, operated or rented by the Insured, provided that the transfer, storage, treatment or disposal facility is not listed or proposed to be listed on the Federal National Priorities List, or any equivalent state or local list as of policy inception. The BKK Landfill located at 2210 South Azusa Avenue, West Covina, CA is specifically excluded from coverage. Sudden and Accidental Coverage Only (loss must be discovered within 7 days of commencement and reported no later than 21 days following the discovery, and within the policy period) applies for any location with current or historic use as an airport. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 17 of 19 City of Renton Exclusions Not Previously Excluded Aircraft, Auto or Watercraft – does not apply to Transportation Asbestos and Lead – o Any asbestos, asbestos containing materials, lead or lead-containing materials, including but not limited to lead-based paint, in, on, at, within or applied to any building, utility, structure or building material; this does not apply to third-party claims for bodily injury or property damage, or for remediation of any soil, groundwater body, surface water body or sediment; o Any asbestos, asbestos containing materials, lead or lead-containing materials, other metals, including but not limited to copper, or metal containing materials in, on or applied to any water supply or collection equipment, system or infrastructure, including but not limited to water service lines; this does not apply to third-party claims for bodily injury or property damage, or for remediation of any groundwater body, surface water body or sediment; This exclusion also does not apply to remediation expenses solely incurred for the remediation of asbestos, asbestos-containing materials or lead-based paint which has been inadvertently displaced (not including any displacement associated with demolition, renovation or abatement) by an accident which occurs, in its entirety, during the policy period, and is reported to the Insurer within thirty (30) days of commencement. Asbestos is fully excluded under Products Pollution and Exposure Liability coverage. Asbestos, PCBs and Lead o Any asbestos, asbestos containing materials, lead, lead containing materials, including but not limited to lead-based paint, polychlorinated biphenyls (PCBs) or materials containing PCBs in, on, at, within or applied to any building, utility, structure or building material. This exclusion does not apply to Claims for Bodily Injury or Property Damage, Remediation Expenses for the remediation of any soil, groundwater body, surface water body or sediment; or o Any asbestos, asbestos containing materials, lead, lead containing materials, other metals, including but not limited to copper, or metal containing materials in, on or applied to any water supply or collection equipment, system or infrastructure, including but not limited to water service lines, provided that this exclusion does not apply to Claims for Bodily Injury or Property Damage; or Remediation Expenses for the remediation of any groundwater body, surface water body or sediment. This exclusion also does not apply to remediation expenses solely incurred for the remediation of asbestos, asbestos-containing materials or lead-based paint which has been inadvertently displaced (not including any displacement associated with demolition, renovation or abatement) by an accident which occurs, in its entirety, during the policy period, and is reported to the Insurer within thirty (30) days of commencement. Asbestos is fully excluded under Products Pollution and Exposure Liability coverage. Divested Property Divested Property – does not apply to any Covered Property owned by an Insured as of Policy Inception which is leased to a third party, even if the Insured has relinquished operation or management control of such Covered Property, provided that such covered property was disclosed to the Insurer. Not Previously Excluded Waste Processing, Treatment or Disposal Not Previously Excluded Combined Sewer Overflow Not Previously Excluded Commercial Ports – Any commercial port where ships load or unload cargo. Landfill Material Landfill Known Pollution Incidents (known prior to July 1, 2021) No longer endorsed however still excluded by way of the non-disclosure wording in new policy form. SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 18 of 19 City of Renton Capital Improvement – Applies to any auto repair facility, airport, golf course, fuel depot, fuel storage, or removal, replacement, repair or upgrade of an underground storage tank. Capital Improvement – Applies to all locations, also applies to removal, replacement, repair or upgrade of an underground storage tank. Exclusions (Continued) Voluntary Site Investigation (any pollutant discovered during voluntary investigation is excluded at any auto repair facility, airport, golf course, fuel depot, or fuel storage only) Voluntary Site Investigation – Applies to all locations. Waste Products, Treatment or Disposal (Covered Operations Only) Waste Processing, Treatment or Disposal – does not apply to waste disposal activities at a Non-Owned Disposal Site Not Previously excluded however retroactive date of 7/1/2022 applied excluding products pollution claims that occurred prior to this retroactive date. Drinking Water Standards Exceedance (Product Pollution Only) as of July 1 2023 (any exceedances that occurred prior to July 1 2023 are excluded) Not Previously Excluded Material Change in Potable Water Supply Source (Product Pollution Only) Any perfluoroalkyl or polyfluoroalkyl substance (PFAS), including but not limited to perfluoroalkyl acids (PFAAs), perfluorooctanoic acid (PFOA), perfluorooctane sulfonate (PFOS), perfluoroheptanoic acid (PFHpA), perfluorononanoic acid (PFNA), perfluorohexanesulfonic acid (PFHxS), GenX, C8, ADONA, perfluoroalkane sulfonyl fluoride (PASF), perfluorobutanesulfonic acid (PFBS), polytetrafluoroethylene (PTFE), perfluoropolyethers (PFPEs), fluoropolymers, perfluorononanoic acid, ammonium perfluorooctanoate, or any associated salts, acids, alcohols, precursor chemicals or related higher homologue chemicals. This also includes aqueous film forming foam (AFFF) containing PFAS (at any concentration) or any additives or component materials contained therein or degradation byproducts thereof. Any perfluoroalkyl or polyfluoroalkyl substance (PFAS), including but not limited to perfluoroalkyl acids (PFAAs), perfluorooctanoic acid (PFOA), perfluorooctane sulfonate (PFOS), perfluoroheptanoic acid (PFHpA), perfluorononanoic acid (PFNA), perfluorohexanesulfonic acid (PFHxS), GenX, “C8”, “ADONA,” perfluoroalkane sulfonyl fluoride (PASF), perfluorobutanesulfonic acid (PFBS), polytetrafluoroethylene (PTFE), perfluoropolyethers (PFPEs), fluoropolymers, perfluorononanoic acid or ammonium perfluorooctanoate , or any associated salts, acids, alcohols, precursor chemicals or related higher homologue chemicals. Further, Pollutants shall not include aqueous film forming foam (AFFF) containing PFAS (at any concentration) or any additives or component materials contained therein or degradation by-products thereof. Specific Deductibles No Previous Specific Deductible $250,000 Image Restoration Expenses No Previous Specific Deductible $1,000,000 Wildfire Deductible Quote Valid Until July 1, 2022 July 1, 2023 SUMMARY OF PENDING CHANGES THE FOLLOWING ITEMS ARE PENDING CHANGES FOR THE 2023-2024 POLICY TERM 2023-2024 Alliant Property Insurance Program (APIP) Pollution Liability Coverage Summary Page 19 of 19 City of Renton NOTES: •Some coverage, limits, sub-limits, terms and conditions will change, as negotiations are ongoing. Changes will be documented and accompany the Binder Confirmation for July 1, 2023 bound terms. •This proposal is based on the current loss experience and is subject to change if this insured’s loss ratio deteriorates further and/or if the markets suffer a catastrophic event. •Change in Total Insurable Values will result in adjustment in premium. SURPLUS LINES DISCLOSURES WASHINGTON Alliant: This contract is registered and delivered as a surplus line coverage under the insurance code of the state of Washington, Title 48 RCW. It is not protected by any Washington state guaranty association law. Surplus Lines Broker Name/Initials: Alliant Specialty Insurance Services, Inc. Surplus Lines Broker Address: 325 E. Hillcrest Dr., Suite 250 Thousand Oaks, CA 91360 Surplus Lines Broker License #: 149068 CA AmWINS: RSG Specialty: This contract is registered and delivered as a surplus line coverage under the insurance code of the state of Washington, Title 48 RCW. It is not protected by any Washington state guaranty association law. Surplus Lines Licensee: RSG Specialty, LLC. Address: Prudential Plaza, 180 N. Stetson Avenue, Suite 4600, Chicago, IL 60601 License Number: 761996 This contract is registered and delivered as a surplus line coverage under the insurance code of the State of Washington, Title 48 RCW. It is not protected by any Washington state guaranty association law. Surplus Lines Broker Name: AmWINS Insurance Brokerage, LLC Surplus Lines Broker Address: 4725 Piedmont Row Drive, Suite 600, Charlotte, NC 28210 Surplus Lines Broker License #: 256631 Last Updated: May 2022 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 1 ALLIANT INSURANCE SERVICES POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE June 22, 2023 Named Insured: City of Renton We are required to send you this notice pursuant to federal legislation concerning terrorism insurance. The below is for TRIA coverage as issued by the United States of America and is not tied to or representative of the Terrorism coverage offered in our property insurance program. You are hereby notified that under the Terrorism Risk Insurance Act, as amended, you have a right to purchase insurance coverage for losses resulting from acts of terrorism. As defined in Section 102(1) of the Act: The term "act of terrorism" means any act or acts that are certified by the Secretary of the Treasury--- in consultation with the Secretary of Homeland Security, and the Attorney General of the United States--- to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission; and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. You should know that where coverage is provided by this policy for losses resulting from certified acts of terrorism, such losses may be partially reimbursed by the United States Government under a formula established by federal law. However, your policy may contain other exclusions which might affect your coverage, such as an exclusion for nuclear events. Under the formula, the United States Government generally reimburses 80% of covered terrorism losses exceeding the statutorily established deductible paid by the insurance company providing the coverage. The premium charged for this coverage is provided below and does not include any charges for the portion of loss that may be covered by the federal government under the act. You should also know that the Terrorism Risk Insurance Act, as amended, contains a $100 billion cap that limits U.S. Government reimbursement as well as insurers’ liability for losses resulting from certified acts of terrorism when the amount of such losses in any one calendar year exceeds $100 billion. If the aggregate insured losses for all insurers exceed $100 billion, your coverage may be reduced. COVERAGE OF “ACTS OF TERRORISM” AS DEFINED BY THE REAUTHORIZATION ACT WILL BE PROVIDED FOR THE PERIOD FROM THE EFFECTIVE DATE OF YOUR NEW OR RENEWAL POLICY THROUGH THE EARLIER OF THE POLICY EXPIRATION DATE OR DECEMBER 31, 2027. EFFECTIVE DECEMBER 31, 2027 THE TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT EXPIRES. THE PREMIUM CHARGED FOR THIS COVERAGE CAN BE REQUESTED BELOW AND WILL NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. Last Updated: May 2022 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 2 SELECTION OR REJECTION OF THE TERRORISM RISK INSURANCE ACT, as AMENDED (A.K.A.: TRIA, TRIEA, TRIPRA, TRIP OR TRIPA. We refer to these collectively as “TRIA”.) THIS COVERAGE IS OUTSIDE OF THE PROGRAM’S TERRORISM COVERAGES AND LIMITS. IT IS PROVIDED AND OVERSEEN BY THE U.S. GOVERNMENT. THIS COVERAGE IS CONSIDERED RESTRICTIVE COMPARED TO THE APIP TERRORISM LIMITS AND COVERAGES AVAILABLE. THIS ACT DOES NOT FOLLOW OUR PROGRAM’S TERRORISM POLICIES. HOWEVER IF YOU’D LIKE A QUOTE FOR TRIA COVERAGE, PLEASE CHECK THE “I AM INTERESTED” BOX. OTHERWISE, PLEASE CHECK THE “DECLINE” BOX. YOUR SIGNATURE FOR CONFIRMATION OF RECEIPT IS REQUIRED. ANY QUESTIONS PLEASE CALL YOUR ALLIANT SERVICE TEAM MEMBER. I am interested in receiving a quote for Terrorism Risk Insurance Act coverage as required by law to be offered under the last amended Act. Please provide me with a quote. I hereby decline to purchase Terrorism Risk Insurance Act coverage as required by law to be offered under the last amended Act. _____________________________________________________ Policyholder/applicant signature ______________________________________________________ ___________ Print Name Date City of Renton X Krista Kolaz, Interim Risk Manager 6/27/23 /s/ Krista Kolaz LOSS NOTIFICATION REQUIREMENT ALLIANT PROPERTY INSURANCE PROGRAM (APIP) Claim notifications need to be sent to Robert Frey, Diana Walizada and Sandra Doig. In the event this is a Cyber loss please include item III contact, for a Pollution loss please include item IV contact in addition to Alliant Insurance Services contacts. I.During regular business hours (between 8:30 AM and 5:00 PM PST), First Notice of Claim should be reported to Alliant Insurance Services via telephone, fax, mail or e-mail to our San Francisco Office: Robert A. Frey, RPA Diana L. Walizada, AIC, CPIW, RPA, AINS Senior Vice President, Regional Claims Director Vice President, Claims Unit Manager Voice: (415) 403-1445 Voice:(415)403-1453 Email: rfrey@alliant.com Email: dwalizada@alliant.com Address: Alliant Insurance Services, Inc. 560 Mission Street, 6th Floor San Francisco CA 94105 Toll Free Voice: (877) 725-7695 Fax: (415) 403-1466 II.Please be sure to include APIP’s Claim Administrator as a CC on all Claims correspondence: Sandra Doig McLaren’s Global Claims Services Address: 18100 Von Karman Avenue, 10th Floor Irvine, CA 92612 Voice: (949) 757-1413 Fax: (949) 757-1692 Email: sandra.doig@mclarens.com III.Cyber Liability Carrier Beazley NY needs to also be provided with Notice of Claim immediately (if purchased): Beazley Group Address: 1270 Avenue of the America’s, Suite 1200 New York, NY 10020 Fax: (546) 378-4039 Email: bbr.claims@beazley.com Elaine G. Tizon, V.P. CISR, E-mail: elaine.tizon@alliant.com Donna Peterson, E-mail: donna.peterson@alliant.com Address: 560 Mission Street, 6th Floor San Francisco, CA 94105 Voice: (415) 403-1458 Fax: (415) 403-1466 IV.Pollution Liability Carrier Ironshore Specialty Insurance Company (if purchased): Ironshore Environmental Claims CSO Address: 28 Liberty Street, 5th Floor New York, NY 10005 In emergency call: (888) 292-0249 Fax: (646) 826-6601 Email: USClaims@ironshore.com Akbar Sharif Claims Advocate Address: 18100 Von Karman Avenue, 10th Floor Irvine, CA 92612 Voice: (949) 260-5088 Fax: (415) 403-1466 Email: akbar.sharif@alliant.com Please include the Insured /JPA name along with the following information when reporting claims: Time, date and specific location of property damaged A description of the incident that caused the damage (such as fire, theft or water damage) Estimated amount of loss in dollars Contact person for claim including name, title, voice & fax numbers Complete and return the Property Loss Notice for processing. Mortgagee or Loss Payee name, address, and account number APIP Claims Reporting Acknowledgement(s) Receipt Form The Claims Reporting Forms are being included with your packet to ensure claims reporting procedures are known and available for future reference. Please review the information. We ask that you share these critical documents with all members of your team (and Pool Members and their staffs where applicable.) We request that you review the items indicated as attached, then complete the bottom portion, sign and submit to your Alliant Insurance Services representative either by a scanned e-mail or mail to have it be included in your insurance records.  APIP Property Claims Reporting  Cyber Claims Reporting (this is a claims made policy) if coverage is purchased  Pollution Liability Claims Reporting (this is a claims made policy) if coverage is purchased Acknowledgement for Claims reporting procedures under Alliant Property Insurance Programs In effect: July 1, 2023 until further notice I have read and been informed about these separate reporting requirements under the coverage parts that apply to our entity as indicated above and provided through APIP by Alliant. Insured Entity Name: City of Renton X Signature of Authorized Insured Representative Title Date Print / Type Insured Representative Full Name: x x x Mayor, City of Renton Armondo Pavone 6/29/2023 ATTEST: Jason A. Seth, City Clerk Applicable in Arizona For your protection, Arizona law requires the following statement to appear on this form. Any person who knowingly presents a false or fraudulent claim for payment of a loss is subject to criminal and civil penalties. Applicable in Arkansas, Delaware, District of Columbia, Kentucky, Louisiana, Maine, Michigan, New Jersey, New Mexico, New York, North Dakota, Pennsylvania, South Dakota, Tennessee, Texas, Virginia and West Virginia Any person who knowingly and with intent to defraud any insurance company or another person, files a statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact, material thereto, commits a fraudulent insurance act, which is a crime, subject to criminal prosecution and [NY: substantial] civil penalties. In DC, LA, ME, TN and VA, insurance benefits may also be denied. Applicable in California For your protection, California law requires the following to appear on this form: Any person who knowingly presents a false or fraudulent claim for payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison. Applicable in Colorado It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policy holder or claimant for the purpose of defrauding or attempting to defraud the policy holder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies. Applicable in Florida and Idaho Any person who Knowingly and with the intent to injure, Defraud, or Deceive any Insurance Company Files a Statement of Claim Containing any False, Incomplete or Misleading information is Guilty of a Felony.* *In Florida - Third Degree Felony Applicable in Hawaii For your protection, Hawaii law requires you to be informed that presenting a fraudulent claim for payment of a loss or benefit is a crime punishable by fines or imprisonment, or both. Applicable in Indiana A person who knowingly and with intent to defraud an insurer files a statement of claim containing any false, incomplete, or misleading information commits a felony. Applicable in Minnesota A person who files a claim with intent to defraud or helps commit a fraud against an insurer is guilty of a crime. Applicable in Nevada Pursuant to NRS 686A.291, any person who knowingly and willfully files a statement of claim that contains any false, incomplete or misleading information concerning a material fact is guilty of a felony. Applicable in New Hampshire Any person who, with purpose to injure, defraud or deceive any insurance company, files a statement of claim containing any false, incomplete or misleading information is subject to prosecution and punishment for insurance fraud, as provided in RSA 638:20. Applicable in Ohio Any person who, with intent to defraud or knowing that he/she is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud. Applicable in Oklahoma WARNING: Any person who knowingly and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony. ACORD 1 (2006/02) IN THE EVENT OF A PROPERTY LOSS: 1) Follow your organization procedures for reporting and responding to an incident 2)Alert local emergency authorities, as appropriate 3) Report the incident to Alliant Insurance Services immediately at: 877-725-7695 All property losses must be reported as soon as practicable upon knowledge within the risk management or finance division of the insured that a loss has occurred. Be prepared to give basic information about the location and nature of the incident, as well as steps which have been taken in response to the incident. 4) Report the incident to McLarens Global Claims Services AND your Alliant representative PROPERTY FIRST NOTICE OF LOSS FORM SEND TO: Alliant Insurance Services, Inc. BY MAIL: 560 Mission Street, 6th Floor, San Francisco, CA 94105 BY FAX: (415) 403-1466 BY EMAIL: rfrey@alliant.com AND dwalizada@alliant.com Carbon Copy APIP Claims Administrator: sandra.doig@mclarens.com and your Alliant representative Today’s Date: _________________ Type of Claim: (check all that apply) Insured’s Name & Contact Information Insured’s Name: Point of Contact: Address: Phone #: Email Address: Broker/Agent’s Name & Contact Information Company Name: Alliant Insurance Services - Claims Point of Contact: Robert A. Frey & Diana L. Walizada Address: 560 Mission Street, 6th Floor, San Francisco, CA 94105________________________________ Phone #: 877-725-7695 Fax #: 415-403-1466 Policy Information Policy Number:________________________________ Policy Period: ______________________ Limits of Liability: _______________per___________agg Self-Insured Retention/Deductible: ______________ Loss Information Date of Incident/Claim: _____________ Location:___________________________________________________ Description of Loss: _______________________________________________________________________________ _____________________________________________________________________________________________ Please list all attached or enclosed documentation: (check if none provided) __________________________ _____________________________________________________________________________________________ Name of Person Completing This Form: _____________________________________ Signature:___________________________________ Real Property Vehicles Personal Property Other Per the Master Policy Wording, Section IV General Conditions; K. NOTICE OF LOSS In the event of loss or damage insured against under this Policy, the Insured shall give notice thereof to ALLIANT INSURANCE SERVICES, INC., 560 Mission Street, 6th Floor, San Francisco, CA 94105. TEL NO. (877) 725-7695, FAX NO. (415) 403-1466 of such loss. Such notice is to be made as soon as practicable after the inception of loss. IN THE EVENT OF A CYBER LOSS: 1)Follow your organizations procedures for reporting and responding to an incident 2)Alert authorities, as appropriate 3)Report the incident to Beazley Group immediately at: bbr.claims@beazley.com (866)567-8570 All Cyber losses must be reported as soon as practicable upon knowledge by the insured that a loss has occurred. Be prepared to give basic information about the location and nature of the incident, as well as steps which have been taken in response to the incident. 4)Report the incident to Alliant Claims Department and your Alliant representative SPECIAL NOTE REGARDING PRIVACY NOTIFICATION COSTS: The policy provides a $500,000 Aggregate Limit for Privacy Notification Costs. If you utilize a Beazley vendor, the limit is increased to $1,000,000. Please contact Beazley for a list of approved vendors. CYBER FIRST NOTICE OF LOSS FORM Today’s Date: Insured’s Name & Contact Information Insured’s Name: Point of Contact: Address: Phone #: Email Address: Broker/Agent’s Name & Contact Information Company Name: Alliant Insurance Services – Claims Point of Contact: Elaine Tizon Address: 560 Mission Street, 6th Floor, San Francisco, CA 94105 Phone #: 877-725-7695 Fax #:415-403-1466 Policy Information Policy Number: Policy Period: Limits of Liability: per agg Self-Insured Retention/Deductible Loss Information Date of Incident/Claim: Location: Description of Loss: Please list all attached or enclosed documentation: (check if none provided) Name of Person Completing This Form: Signature: SEND TO: Beazley Group BY MAIL: 1270 Avenue of the America’s, Suite 1200, New York, NY 10020 BY FAX: (546) 378-4039 BY EMAIL: bbr.claims@beazley.com CC Alliant Claims Department: elaine.tizon@alliant.com, Donna.Peterson@alliant.com and your Alliant representative A.NOTICE OF CLAIM, LOSS OR CIRCUMSTANCE THAT MIGHT LEAD TO A CLAIM 1.If any Claim is made against the Insured, the Insured shall, as soon as practicable upon knowledge by the Insured, forward to the Underwriters through persons named in Item 9.A. of the Declarations written notice of such Claim in the form of a telecopy, or express or certified mail together with every demand, notice, summons or other process received by the Insured or the Insured’s representative; provided that with regard to coverage provided under Insuring Agreements I.A. and I.C., all Claims made against any Insured must be reported no later than the end of the Policy Period, in accordance with the requirements of the Optional Extension Period (if applicable), or within thirty (30) days after the expiration date of the Policy Period in the case of Claims first made against the Insured during the last thirty (30) days of the Policy Period. 2.With respect to Insuring Agreement I.B. for a legal obligation to comply with a Breach Notice Law because of an incident (or reasonably suspected incident) described in Insuring Clause I.A.1 or I.A.2, such incident or reasonably suspected incident must be reported as soon as practicable during the Policy Period after discovery by the Insured. For such incidents or suspected incidents discovered by the Insured within 60 days prior to expiration of the Policy, such incident shall be reported as soon as practicable, but in no event later than 60 days after the end the Policy Period, provided; if this Policy is renewed by Underwriters and covered Privacy Notification Costs are incurred because of such incident or suspected incident reported during the 60 day post Policy Period reporting period, then any subsequent Claim arising out of such incident or suspected incident is deemed to have been made during the Policy Period. 3.With respect to Insuring Agreements I.A. and I.C., if during the Policy Period, the Insured first becomes aware of any circumstance that could reasonably be the basis for a Claim it may give written notice to Underwriters in the form of a telecopy, or express or certified mail through persons named in Item 9.A. of the Declarations as soon as practicable during the Policy Period of: a.the specific details of the act, error, omission, or Security Breach that could reasonably be the basis for a Claim; b.the injury or damage which may result or has resulted from the circumstance; and c.the facts by which the Insured first became aware of the act, error, omission or Security Breach Any subsequent Claim made against the Insured arising out of such circumstance which is the subject of the written notice will be deemed to have been made at the time written notice complying with the above requirements was first given to the Underwriters. 4.A Claim or legal obligation under section X.A.1 or X.A.2 above shall be considered to be reported to the Underwriters when written notice is first received by Underwriters in the form of a telecopy, or express or certified mail or email through persons named in Item 9.A. of the Declarations of the Claim or legal obligation, or of an act, error, or omission, which could reasonably be expected to give rise to a Claim if provided in compliance with sub-paragraph X.A.3. above. POLLUTION LIABILITY IN THE EVENT OF AN ENVIRONMENTAL EMERGENCY: 1)Follow your organization procedures for reporting and responding to an incident 2)Alert local emergency authorities, as appropriate 3)Report the incident immediately at: 888-292-0249 4]Report the incident to Alliant Akbar Sharif Claims Advocate 949-260-5088 415-403-1466 – fax akbar.sharif@alliant.com Be prepared to give basic information about the location and nature of the incident, as well as steps which have been taken in response to the incident. DO follow your organization’s detailed response plan DO contact your management as well as appropriate authorities DO ensure anyone who could come in contact with a spill or release is kept away DO NOT ignore a potential spill or leak DO NOT attempt to respond beyond your level of training or certification Today’s Date: Notice of: (check all that apply) Pollution Incident Potential Claim Other Third-Party Claim Litigation Initiated Insured’s Name & Contact Information Company Name: Point of Contact: Address: Phone #: Email Address: Broker/Agent’s Name & Contact Information Company Name: Alliant Insurance Services - Claims Point of Contact: Akbar Sharif Address: 18100 Von Karman Ave., 10th Floor, Irvine, CA 92612 Phone #: 949-260-5088 Policy Information Policy Number: Policy Period: Limits of Liability: per agg. Self-Insured Retention/Deductible Loss Information Date of Incident/Claim: Location: Claimant Name/Address: Description of Loss: Please list all attached or enclosed documentation: (check if none provided) Name of Person Completing This Form: Signature: SEND TO: IRONSHORE ENVIRONMENTAL CLAIMS CSO BY MAIL: 28 Liberty Street, 5th Floor, New York, NY 10005 BY FAX: (646) 826-6601 BY EMAIL: USClaims@ironshore.com CC Alliant Insurance: akbar.sharif@alliant.com and your Alliant Representative Last Updated: May 2023 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 1 Disclosures / Disclaimers This proposal of insurance is provided as a matter of convenience and information only. All information included in this proposal, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This proposal does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. Please be advised that this proposal is also expressly conditioned on there being no material change in the risk between the date of this proposal and the inception date of the proposed policy (including the occurrence of any claim or notice of circumstances that may give rise to a claim under any policy which the policy being proposed is a renewal or replacement). In the event of such change of risk, the insurer may, at its sole discretion, modify, or withdraw this proposal, whether or not this offer has already been accepted. This proposal is not confirmation of insurance and does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy or for any inquiries regarding compensation issues pertaining to your account you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers' over-all performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor's have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them via this www.AmBest.com. For additional information regarding insurer financial strength ratings visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. New York Regulation 194 and General Broker Compensation Disclosure Alliant Insurance Services, Inc. is an insurance producer licensed by the State of New York and other States. Insurance producers are authorized by their license to confer with insurance purchasers about the benefits, terms and conditions of insurance contracts; to offer advice concerning the substantive benefits of particular insurance contracts; to sell insurance; and to obtain insurance for purchasers. The role of the producer in any particular transaction typically involves one or more of these activities. Compensation will be paid to the producer, based on the insurance contract the producer sells. Depending on the insurer(s) and insurance contract(s) the purchaser selects, compensation will be paid by the insurer(s) selling the insurance contract or by another third party. Such compensation may vary depending on a number of factors, including the insurance contract(s) and the insurer(s) the purchaser selects. In some cases, other factors such as the volume of business a producer provides to an insurer or the profitability of insurance contracts a producer provides to an insurer also may affect compensation. Last Updated: May 2023 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 2 Disclosures / Disclaimers Cont. The insurance purchaser may obtain information about compensation expected to be received by the producer based in whole or in part on the sale of insurance to the purchaser, and (if applicable) compensation expected to be received based in whole or in part on any alternative quotes presented to the purchaser by the producer, by requesting such information from the producer. Declaration Limit Disclosure Unless stated otherwise, coverage limits of liability and sub-limits of liability are shared across the Named Insured(s) designated in a single Declaration. Exceptions include: • Terrorism coverage, if purchased by a specific Named Insured, is provided on a combined basis with a sub-limit of liability that is shared across Named Insureds covered under multiple relevant Declarations. • Flood and Earthquake sub-limits of liability, if purchased by a specific Named Insured and except as indicated below, are dedicated by Named Insured and cannot be reduced by losses sustained by other Named Insureds. If a single Occurrence causes direct physical loss or damage to property of multiple Named Insureds covered by the same Declaration (or all relevant Declarations as respects Terrorism coverage), it is possible that the applicable shared limit of liability or sub-limit of liability may be insufficient to fully indemnify the physical loss or damage as sustained by multiple Named Insureds. In the event of a loss or accumulation of losses whereby the amount of loss exceeds the applicable shared limit of liability or sub-limit of liability, the recovery available will be allocated on a proportional basis among individual Named Insureds under the same Declaration (or all relevant Declarations as respects Terrorism coverage). This allocation applies until exhaustion of limits on a per Occurrence basis and on an Annual Aggregate basis (if applicable). If a Named Insured’s claim reporting is delayed, such Named Insured’s recovery may be reduced or eliminated. Furthermore, any Annual Aggregate limit of liability or sub-limit that is shared across all Named Insureds covered under a particular Declaration (or all relevant Declarations as respects Terrorism coverage) may be reduced or exhausted by the prior payment of claims arising out of separate Occurrences in the same Policy Period. As a result, it is possible that there may be no remaining limit available to pay a specific Named Insured’s claim under the Policy. To the extent actually covered, the Annual Aggregate limits are as follows: • Accidental Contamination • Mold/Fungus Resultant Damage • Terrorism • Flood and Earthquake damage to Licensed Vehicles, Unlicensed Vehicles, Contractor’s Equipment and Fine Arts for Named Insured(s) that do not purchase optional dedicated Earthquake or Flood coverage Privacy At Alliant, one of our top priorities is making sure that the information we have about you is protected and secure. We value our relationship with you and work hard to preserve your privacy and ensure that your preferences are honored. At the same time, the very nature of our relationship may result in Alliant’s collecting or sharing certain types of information about you in order to provide the products and services you expect from us. Please take the time to read our full Privacy Policy posted at www.alliant.com and contact your Alliant service team should you have any questions. FATCA The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice so please contact your tax consultant for your obligation regarding FATCA. Last Updated: May 2023 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 3 Disclosures / Disclaimers Cont. NRRA (Applicable if the insurance company is non-admitted) The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. Changes and Developments It is important that we be advised of any changes in your operations, which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below:  Mergers and/or acquisition and any change in business ownership, including percentages.  Any newly assumed contractual liability, granting of indemnities or hold harmless agreements.  Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied  Circumstances which may require an increased liability insurance limit.  Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system.  Immediate notification of any changes to a scheduled of equipment, property, vehicles, electronic data processing, etc.  Property of yours that is in transit, unless previously discussed and/or currently insured. Loss Notification Requirements: Your policy will come with specific claim reporting requirements. Please make sure your organization understands these obligations and time limitations which are outlined in the attached Loss Notification documents. Contact your Alliant Service Team with any questions. Last Updated: May 2023 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 4 Binding Requirements Recap Required no later than June 28, 2023: •Signed and dated Request to Bind Coverage form (below) •Signed and dated Surplus Lines forms as required by your state and attached to this proposal* •Signed and dated APIP Claims Reporting Acknowledgement(s) Receipt Form •Signed and dated Terrorism Risk Insurance ACT of 2002 as amended (a.k.a. TRIPRA 2015) *- only required for coverage in the following states: AR, CA, CT, FL, KS, MA, MT, NE, NY, ND, OH, RI, WV, WY Request to Bind Coverage City of Renton We have reviewed the proposal and agree to the terms and conditions of the coverages presented. This Authorization to Bind Coverage also acknowledges receipt and review of all disclaimers, disclosures, and loss notification requirements including exposures used to develop insurance terms, contained within this proposal. X Signature of Authorized Insured Representative Date Title Print / Type Insured Representative Full Name This proposal does not constitute a binder of insurance. Binding is subject to final carrier approval. The actual terms and conditions of the policy will prevail. Mayor, City of Renton Armondo Pavone 6/29/2023 ATTEST: Jason A. Seth, City Clerk