2025-2026
Benchmark Review
Presented July 2, 2025
City of
San Bernardino
(STATE OF THE MARKET INFORMATION HAS BEEN CONSOLIDATED FROM VARIOUS INDUSTRY SOURCES) 2024 Summary of Coverage
Coverage Limits Deductible/SIR Premium
General Liability $25,000,000 $5,000,000 $2,049,093
Excess Workers’ Compensation Statutory $1,000,000 $652,569 Cyber $18,000,000 $100,000 $20,995
Crime $25,000,000 $2,500 $13,709
2 2025 Summary of Coverage
Coverage Limits Deductible/SIR Premium
General Liability $25,000,000 $5,000,000 GL 2 Committee 6.18.25 Estimated
$2,392,094
Excess Workers’ Compensation Statutory $1,000,000 $910,293 Cyber $20,000,000 $150,000 $21,512
Crime $25,000,000 $2,500 $13,190
3 4
General Liability
Policy Year: July 1, 2025- July 1, 2026
Coverage Provided
• Bodily injury
• Personal injury
• Property damage
• Public Officials Errors and Omissions
• Employment Practices Liability
• Automobile Liability
Excess Limit: $25,000,000
Self Insured Retention: $5,000,000
5 Source: Risk and Uncertainty Management Center, Univ. of South Carolina, adapted from Verisk “Social Inflation” presentation (2020); Source: Risk & Insurance June 11, 2024
Social Inflation: Many Interrelated Causes, Difficult to Manage Number of reported
verdicts over $100
million hit an all-time
high of at least 23 in 2023
Nuclear verdicts
2023
$23.8 million
Median nuclear verdict
$21.1 million
Median nuclear verdict for personal
injury/wrongful death cases
$88.9 million
Median nuclear verdict for personal
injury/wrongful death cases
Insurance claim costs
Increasing
Propensity to Sue
Size of Jury
Awards
Aggressive
Plaintiff Bar Ads
Litigation
Financing
Growing Distrust
of Large Corps.
Changes in Regulatory
and Legal Environment
Courts/Juries
Favoring Plaintiffs
City Benchmarking
City Approximate
Population
Current SIR # Claims Over
$1M
Largest Claim
(loss data as of 3.31.25)
Approximate
25/26 Premium
City of San
Bernardino
200,000 $5,000,000 13 $4,001,892 $2,400,000
City A – Northern CA 400,000 $5,000,000 19 $12,177,073 $15,000,000 City B – Southern CA 70,000 $5,000,000 3 $1,253,044 $1,100,000 City C – Southern CA 1,400,000 $5,000,000 44 $16,104,169 $31,700,000 City D – Southern CA 150,000 $5,000,000 6 $8,355,592 $3,500,000 City E – Southern CA 100,000 $5,000,000
(Plus $1M Corridor)
16 $9,390,925 $5,700,000
City F – Northern CA 100,000 $3,000,000 2 $1,375,858 $2,900,000 City G – Southern CA 200,000 $2,000,000 8 $7,220,312 $7,200,000 City H – Northern CA 500,000 $2,000,000
(Plus $2M Corridor)
20 $11,184,238 $13,400,000
City I – Northern CA 100,000 $1,000,000
(Plus $1M Corridor)
5 $7,500,000 $4,400,000
6 Contact Your
Alliant Service Team
Robert Lowe
Senior Vice President
[email protected]
Kristen DesCombes
Assistant Vice President
[email protected]