Exhibit 3- Broker Reccommendation Letter
LOCKTON COMPANIES 214.969.6700
2100 Ross Avenue, Suite 1400, Dallas, TX 75201-6706 lockton.com
12/3/2020
City of Denton
215 E McKinney
Denton, TX 76201
Re: City of Denton 12/31/2020-21 Excess Workers’ Compensation Renewal Proposal
To Whom it May Concern:
Thank you for the opportunity to assist the City of Denton with the 12/31/2020-21 Excess Workers’
Compensation insurance policy renewal.
Police and Fire employees are still a large concern in the Worker’s Compensation marketplace.
Carriers are consistently looking for higher retentions for this class of employees. The City of
Denton has suffered several large workers’ compensation claims over the last few years with the
last one being the unfortunate shooting of one of your police officers.
This activity is being reflected in the quotes provided at renewal for the City’s Excess Workers’
Compensation. Due to recent claims, the incumbent carrier has increased the retention to
$1,000,000 and offered an additional retention level of $1,250,000. Although the additional
retention levels provide some premium relief, it is our opinion that the $22,277 difference in
premium is not a good exchange of dollars to take on an additional $250,000 in retention.
Lockton recommends the City renew its Excess Workers’ Compensation Insurance with Midwest
Casualty Company for a total annual deposit premium of $217,750.
Thank you for the opportunity to work with the City of Denton. Please let us know if you have any
questions regarding this renewal.
Sincerely,
Neil Cohen
Senior Vice President, Practice Leader
Lockton Companies.
City of Denton
Re: City of Denton 10/1/2020-21 and 12/31/2020-21 Renewal Proposal
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City of Denton
Re: City of Denton 10/1/2020-21 and 12/31/2020-21 Renewal Proposal
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