8J
Date: June 17, 2025
To: Honorable Mayor and Members of the City Council
From: Ian Dailey, Finance Director
By: Jason Nishiyama, Deputy Finance Director | [email protected] Subject: Finance – Approve Renewal of Property Insurance Coverage and Authorize Finance Director to Execute the Insurance Binder. Expenditure: Not-to-Exceed $641,686.51 (Non-General Fund).
RECOMMENDATION
Recommendation of the Finance Director that City Council:
1. Approve renewal of property insurance coverage from Alliant Property Insurance Program (APIP) through Alliant Insurance Services Inc. of Irvine, CA, for an amount not-to-exceed $641,686.51 for a one-year period beginning July 1, 2025 and ending July 1, 2026; and
2. Authorize Finance Director to execute the insurance binder.
FUNDING
Funding is available in the Fiscal Year 2025-26 Self-Insurance Fund Operating Budget.
DISCUSSION
The City has an ongoing need to purchase and maintain property insurance coverage. Property insurance protects the City’s buildings and contents valued at over $324,489,983 from perils of fire, damages, and other hazards. The City participates in a property insurance program called Alliant Property Insurance Program (APIP). This insurance program enables the City to purchase policies from carriers that specialize in the unique needs of public entities. APIP is one of the largest property insurance programs in the world with nearly 10,000 covered entities in 45 states, enabling the City to access insurance not available in smaller programs and obtain competitive pricing through risk sharing and group purchasing.
The property insurance policy is renewed on an annual basis and estimated premium is made available in June before the coverage expiration date of July 1. The renewal premium is quoted as an estimate because final premium dues are presented to the City after the policy expires on July 1. Staff presents an estimated premium to ensure Council approval is obtained prior to policy expiration. If the actual renewal premium is lower than the estimated amount, the difference translates to budget savings.
1 City Council
June 17, 2025
Analysis
Based on underwriting review, the City was provided an estimated premium of $641,686.51. The City’s property insurance policy includes enhanced broader form coverage to address risks specific to public entities that traditional property insurance does not have.
This broader coverage includes:
•Pollution Liability: $2,000,000 per incident limit. Coverage includes First and Third-party coverage for claims arising out of a pollution condition at a covered location, subject to policy terms, conditions and exclusions.
•Boiler & Machinery Coverage: $100,000 replacement cost per occurrence. Coverage for equipment breakdown associated with damaged equipment, motors, computers, telephones, and electrical equipment.
•Unscheduled Landscaping and Unnamed Locations: $1,000,000 for landscaping and $25,000,000 for unnamed locations.
•Cyber Insurance: $2,000,000 annual aggregate limit. Coverage includes Information Security & Privacy Liability, Regulatory Defense and Penalty, Website Media and Cyber Extortion, subject to policy terms, conditions and exclusions.
Market Conditions
The property insurance market for municipalities remains fragile but there are signs of improvement. Local governments with well-valued facilities, modern structures, and clean loss histories are starting to see premium stabilization. On the other hand, underwriters are vigilant of California municipalities with higher catastrophic exposures such as windstorms, floods, earthquakes and wildfires.
Although market conditions are beyond the City’s control, the City can reduce the likelihood of future premium increases by preventing large and frequent reporting of claims. The City is taking actions by implementing loss prevention strategies such as cybersecurity and information security programs, fire prevention and property safety reviews.
Recommendations
Staff recommends renewal of property insurance coverage from APIP for an amount not-to-exceed $641,686.51 for a one-year period beginning July 1, 2025 and ending July 1, 2026.
ATTACHMENTS
1. Property Insurance Historical Premiums
2.APIP Proposal
2 Attachment 1
Property Insurance Premium History
Policy Year Program Coverage Deductible
Information Premium ($)
2022-2023* Alliant Property
Insurance Policy
(APIP)
Buildings, Facilities
Cyber
Boiler & Machinery
$150k deductible $ 433,656
2023-2024* Alliant Property
Insurance Policy
(APIP)
Buildings, Facilities
Cyber
Boiler & Machinery
$150k deductible $ 619,343
2024-2025* Alliant Property
Insurance Policy
(APIP)
Buildings, Facilities
Cyber
Boiler & Machinery
$150k deductible $ 678,704
*Excludes auto physical damage coverage
3 2025-2026
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 4, 2025 by:
Rennetta M. Poncy
Senior Vice President
Banesa Laird
Vice President
Carol B Hill
Account Manager
City of Torrance
Attachment 2
4 2025-2026 Alliant Property Insurance Program (APIP) Executive Summary Page 1 of 2 «Member»
ALLIANT PROPERTY INSURANCE PROGRAM (APIP)
July 1, 2025 – July 1, 2026
EXECUTIVE SUMMARY
Attached is the annual renewal summary for the Alliant Property Insurance Program (APIP) effective 7/1/2025. A summary of the most significant matters is provided below for your review.
After multiple years in a hard market cycle, the property market has significantly improved in 2025. Generally, Insured’s that are loss free will see a rate reduction at the 2025/26 renewal. Insureds that have large increases in exposure or are loss challenged will be individually underwritten.
For the 2025/26 renewal, Berkshire Hathaway Specialty Insurance (BHSI) will lead the first $30,000,000 of the program.
Maximum program limits are $1,250,000,000 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 (1st and 3rd parties) for eligible insureds continues to be provided as an option. Please refer to coverage as outlined on the following proposal which includes a summary of proposed changes for this renewal. Additional excess options are available, if requested for insureds with good security controls in place. Please note claims reporting timeframe limitations for this coverage ▪ Pollution Coverage (1st and 3rd parties) for eligible insureds continues to be provided as an option. Please refer to coverage as outlined on the following proposal which includes a summary of proposed changes for this renewal. Please note claims reporting timeframe limitations for this coverage ▪ Vehicles/Contractor’s Equipment – it is important to note on the attached proposal whether the vehicle and/or 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 a wide range of loss control services, but also by offering appraisal services, business interruption assessments, valuation, consulting, and infrared testing. Please refer to our program brochure inserts for further details of our A BS services. For the program, property valuations are 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 v alued 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.
Finally, Alliant provides a Cyber Resilience Services Subscription Bundle which is available to APIP clients. The Alliant Cyber Consulting Practice helps clients identify, evaluate, remediate, transfer, and respond to the cyber risks that matter most, driving better cyber risk management, resilience and insurability outcomes. Brochure is included, ask your Alliant representative for more details.
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 packet is as complete as possible, the program is being negotiated up to the 7/1/2025 effective date. We will endeavor to provide any known material changes prior to renewal. All coverage items currently under review with APIP markets to be effective on 7/1/2025, are listed at the end of each coverage proposal being quoted.
5 2025-2026 Alliant Property Insurance Program (APIP) Executive Summary Page 2 of 2 «Member»
ALLIANT PROPERTY INSURANCE PROGRAM (APIP)
July 1, 2025 – July 1, 2026
EXECUTIVE SUMMARY
The following table depicts key financial statistics relative to last year:
Year-over-Year Rate and Premium Comparison
City of Torrance
2024-2025
(at 12/17/2024)
2025-2026 Variance
Total Insurable Values (TIV): $ 318,191,403 $ 324,489,983 1.97% Earthquake TIV: Not Applicable Not Applicable N/A
Earthquake Limit: Not Covered Not Covered N/A
*Property Annual Cost: $ 661,204.09 $ 623,446.35 -5.71% Cyber Liability Annual Cost: $ 14,255.35 $ 14,824.90 3.99% Pollution Liability Annual Cost: $ 3,245.01 $ 3,415.26 5.24% Total Account Rate ($/100): 0.2133007 0.1977523 -7.28% **Total Annual Cost: $ 678,704.45 $ 641,686.51 -5.45%
*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
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.
6 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 1 of 11 City of Torrance 06/04/2025 01:59:24 PM
ALLIANT INSURANCE SERVICES, INC.
ALLIANT PROPERTY INSURANCE PROGRAM (APIP)
PROPERTY PROPOSAL
TYPE OF INSURANCE: Insurance Reinsurance
NAMED INSURED: City of Torrance
DECLARATION: 2-Cities 2
POLICY PERIOD: July 1, 2025 to July 1, 2026
COMPANIES: See Attached List of Companies
TOTAL INSURED
VALUES:
$ 324,489,983 as of June 04, 2025
ALL RISK
COVERAGES &
SUB-LIMITS:
$ 500,000,000 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.
Not Covered Flood Limit - Per Occurrence and in the Annual Aggregate (for those Named Insured(s) that purchase this optional dedicated coverage).
Not Covered 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.
Not Covered 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.
7 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 2 of 11 City of Torrance 06/04/2025 01:59:24 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.
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; however, replacement of trees, plants and shrubs will be limited to the actual size of the destroyed plant, tree or shrub at the time of the loss up to a maximum size of 25 gallons per item but not to exceed $25,000 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; however, replacement of trees, plants and shrubs will be limited to the actual size of the destroyed plant, tree or shrub at the time of the loss up to a maximum size of 25 gallons per item but not to exceed $25,000 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.
8 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 3 of 11 City of Torrance 06/04/2025 01:59:24 PM
ALL RISK
COVERAGES &
SUB-LIMITS:
(continued)
$ 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.
$ 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..
9 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 4 of 11 City of Torrance 06/04/2025 01:59:24 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).
10 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 5 of 11 City of Torrance 06/04/2025 01:59:24 PM
ALL RISK
COVERAGES &
SUB-LIMITS:
(continued)
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.
See Policy Provisions Scheduled Vacant Building per Conditions in Section IV., Item I
$ 2,500,000 Unscheduled Vacant Building per Policy Provisions Section IV., Item I
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:
$ 150,000 Except $1,000 for Traffic Signals, and $10,000 for Fine Arts Per Occurrence, which will apply in the event a more specific deductible is not applicable to a loss.
DEDUCTIBLES FOR
SPECIFIC PERILS
AND COVERAGES:
Not Covered All Flood Zones Per Occurrence excluding Flood Zones A & V.
Not Covered 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.
DEDUCTIBLES FOR
SPECIFIC PERILS
AND COVERAGES:
(continued)
Not Covered 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.
11 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 6 of 11 City of Torrance 06/04/2025 01:59:24 PM
DEDUCTIBLES FOR
SPECIFIC PERILS
AND COVERAGES:
(continued)
$ 500,000 or the All Risk Basic Deductible, whichever is greater, for 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.
2.5% of Annual Tax Revenue Value per location for Tax Revenue Interruption.
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.
$ 100,000 Per Occurrence for Contractor's Equipment.
Replacement Cost Contractor's Equipment Valuation Basis
Time Qualifiers
24 HourWaiting Period for Ingress/Egress, per Occurrence, as further defined in the Policy Form.
24 HourWaiting Period for interruption by Civil Authority, per Occurrence, as further defined in the Policy Form.
24 HourWaiting Period for Off Premises Service Interruption per Occurrence, as further defined in the Policy Form.
12 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 7 of 11 City of Torrance 06/04/2025 01:59:24 PM
SPECIAL TERMS AND
CONDITIONS:
It is understood and agreed that notwithstanding anything contained herein to the contrary the following shall apply to this Policy:
SPECIAL TERMS 1: Vehicle coverage will be excluded for On & Off Premises including Automatic Acquisition, MUL and any other ancillary coverage that may be provided for vehicles by the PEPIP Form.
Not Covered Special Terms Limit
Not Covered Special Terms Deductible
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).
$ 150,000 Except $1,000 for Traffic Signals, and $10,000 for Fine Arts 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.
$ 25,000,000 Per Named Insured, Per occurrence subject to an Annual Aggregate of $50,000,000 combined for 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.
13 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 8 of 11 City of Torrance 06/04/2025 01:59:24 PM
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
Annual Cost*
Total Property
Premium:
$ 596,148.00
Excess Boiler: $ 3,894.00
Cyber Liability
Premium:
$ 14,368.00
Pollution Liability
Premium:
$ 3,310.00
ABS Fee: $ 4,323.00
SLT&F’s (Estimate) $ 19,643.51
Broker Fee: $ 0.00
TOTAL COST †:
(Including Taxes and
Fees)
$ 641,686.51
*Premiums are based on valid selectable options and the TIV’s above. Changes in TIV’s will require a premium adjustment. Please refer to invoice for new lock box remittance for address and account information.
† 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 4, 2025
PROPOSAL VALID UNTIL: July 1, 2025
BROKER: ALLIANT INSURANCE SERVICES, INC.
License No. 0C36861
Rennetta M. Poncy
Senior Vice President
Banesa Laird
Vice President
Carol B Hill
Account Manager
14 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 9 of 11 City of Torrance 06/04/2025 01:59:24 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, 2025 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. • The program expects to continue purchasing Cyber Resultant Physical Damage cover which is provided to insureds purchasing Terrorism within the program – limits to be determined. See expiring Policy No. PF2409084 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.
• Please refer to invoice for new lock box remittance for address and account information.
15 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 10 of 11 City of Torrance 06/04/2025 01:59:24 PM
APIP SUMMARY OF PROPOSED PROPERTY CHANGES
BELOW IS A SUMMARY OF PROPOSED CHANGES FOR THE 2025-2026 POLICY PERIOD
Coverage 2024-2025 2025-2026 Status
All Risk Limit $1,000,000,000 $1,250,000,000
Enhancement
Tax Interruption
Sub-limit
2.5% of Annual Tax Revenue Value per Location
for Tax Interruption.
2.5% of Annual Tax Revenue Value per
Location for Tax Revenue Interruption.
Clarification
Waiting Periods 24 Hour waiting periods
Added sub-section with new header
identifying 24 hour waiting periods as “Time
Qualifiers”
Clarification
Service
Interruption
24 Hour Waiting Period for Service Interruption for
All Perils and Coverages.
24 Hour Waiting Period for Off Premises
Service Interruption per Occurrence, as
further defined in the Policy Form
Clarification
Ingress/Egress 24 Hour Waiting Period for Ingress/Egress 24 Hour Waiting Period for Ingress/Egress
per Occurrence, as further defined in the
Policy Form
Clarification
Civil Authority 24 Hour Waiting Period for Civil Authority 24 Hour Waiting Period for interruption by
Civil Authority, per Occurrence, as further
defined in the Policy Form
Clarification
Unscheduled
infrastructure $500,000 deducitble $500,000 or basic deductible whichever is higher
Clarification
MASTER POLICY FORM PROPOSED CHANGES
Coverage 2024-2025 2025-2026 Status
Policy Period July 1, 2024 to July 1,2025 July 1, 2025 to July 1,2026 Update USA Form No. 20 21 Update
Section I, A.
Insuring
Agreement
In consideration of the premium paid by the Named
Insured to the Company, the Company agrees to
insure the following per the terms and conditions
herein.
In consideration of the premium paid by the
Named Insured to the Company, the program
carriers agree to insure the following per the
terms and conditions herein, including all
carrier endorsements, thereto.
Clarification
Section I E 2.n
Sub-limits
n. Unscheduled infrastructure
.. Unscheduled Infrastructure coverage is excluded
for the peril of Earthquake Shock, and for Federal
Emergency Management Agency (F.E.M.A.)
and/or any State Office of Emergency Services
(O.E.S.) declared disasters, providing said
declaration provides funding for repairs.
Unscheduled Infrastructure coverage is
excluded for the peril of Earthquake Shock
and excluded for Federal Emergency
Management Agency (F.E.M.A.) and/or any
State Office of Emergency Services (O.E.S.)
declared disasters, providing said declaration
provides funding for repairs.
Clarification
16 2025-2026 Alliant Property Insurance Program (APIP) Property Proposal Page 11 of 11 City of Torrance 06/04/2025 01:59:24 PM
MASTER POLICY FORM PROPOSED CHANGES CONTINUED
Coverage 2024-2025 2025-2026 Status
Section I, H. Unit
of Insurance
Defined
H. Unit of Insurance Defined
H. Percentage Deductibles – Unit(s) of
Insurance Defined
When the applicable deductible is on a unit(s)
of insurance basis, subject to any applicable
minimum deductible(s) the amount of the
deductible shall be determined by applying
the percentages separately to each of the
following units of insurance:
Clarification
Tax Interruption Where Tax Interruption is referenced Revised to read: Tax Revenue Interruption Clarification Section II, B. 6.
Claim Preparation
Expenses
This Policy also insures as a direct result of
physical loss or damage insured hereunder any
claim preparation expenses including, but not
limited to, auditors, consultants and accountants.
However, the expenses of public adjusters are
specifically excluded
This Policy also insures as a direct result of
physical loss or damage insured hereunder
solely to any claim preparation expenses
including, but not limited to, auditors,
consultants and accountants. However, the
expenses of public adjusters, or those
expenses of any party associated with
prosecuting a claim for coverage under this
policy, are specifically excluded.
Clarification
Section II, D. 6.
Library Contents Expiring values Values inflated by 2024; 4th quarter rate of
3.5%
Update
Section IV, 1.
Definition of
Vacant
However, the above definition of vacant, shall not
apply when customary business operations at a
building are temporarily suspended due to
circumstances that are usual to such business
operations, provided only that existing building
safeguards as described in part J. Protective
Safeguards are operational during the period of
temporary suspension.
However, the above definition of vacant, shall
not apply when customary business
operations at a building are temporarily
suspended due to circumstances that are
usual to such business operations, provided
only that existing building safeguards as
described in part J. Protective Safeguards
are operational during the period of
temporary suspension.
Clarification
Section IV, I. 4.
Other Vacancy
Conditions
a. …..the maximum amount recoverable shall not
be more than 120% of the amount reported on the
schedule of values held on file with Alliant
Insurance Services, Inc. for that building.
a. …..the maximum amount recoverable shall
not be more than the amount reported on the
schedule of values held on file with Alliant
Insurance Services, Inc. for that building.
Clarification
Endorsement Endorsement 7 Pollution, Contamination,
Debris Removal Exclusion
Clarification
17 2025-2026 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 1 of 3 City of Torrance 06/04/2025 01:59:24 PM
ALLIANT INSURANCE SERVICES, INC.
ALLIANT PROPERTY INSURANCE PROGRAM (APIP)
BOILER AND MACHINERY PROPOSAL
NAMED INSURED: City of Torrance
POLICY PERIOD: July 1, 2025 to July 1, 2026
COMPANIES: See Attached List of Companies
TOTAL INSURED VALUES: $ 324,489,983 as of June 4, 2025
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
VALUATION: Repair or Replacement except Actual Loss sustained for all Time Element coverages
18 2025-2026 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 2 of 3 City of Torrance 06/04/2025 01:59:24 PM
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: $ 25,000 Except as shown for Specific Objects or Perils.
$ 25,000 Electronic Data Processing Media.
$ 25,000 Consequential Damage.
$ 25,000 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 4, 2025
PROPOSAL VALID UNTIL: July 1, 2025
19 2025-2026 Alliant Property Insurance Program (APIP) Boiler and Machinery Proposal Page 3 of 3 City of Torrance 06/04/2025 01:59:24 PM
BROKER: ALLIANT INSURANCE SERVICES, INC.
License No. 0C36861
Rennetta M. Poncy
Senior Vice President
Banesa Laird
Vice President
Carol B Hill
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, 2025 bound terms. Coverage outlined in this Proposal is subject to the terms and conditions set forth in the policy.
• Please refer to the Policy for specific terms, conditions, and exclusions. • 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.
20 Alliant Property Insurance Program
2025-2026 Policy Year
Schedule of Insurers (Proposed)
Company A.M. Best's I.D. # A.M. Best's Guide Rating Standard and Poor's State of California
Amherst Specialty
Insurance Company
021748 A-, Excellent;
Financial Size Category 8;
$100,000,000 to less than
$250,000,000
(As of 4/2/2025)
Not Rated
(As of 5/21/25)
Non-Admitted
Arch Specialty Insurance
Company
012523 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 03/07/25)
A+
(As of 06/20/24)
Non-Admitted
Associated Industries
Insurance Company Inc.
011693 A-, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 09/06/24)
Not Rated
(As of 05/13/25)
Non-Admitted
AXA XL Reinsurance Ltd 074684 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 10/02/24)
AA-
(As of 03/24/25)
Non-Admitted
AXIS Surplus Insurance
Company
012515 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 08/28/24)
A+
(As of 07/17/24)
Non-Admitted
Beazley Excess &
Surplus Insurance, Inc
021670 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 07/18/24)
Not Rated
(As of 05/20/25)
Non-Admitted
Chubb European Group
SE
086485 A++, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 12/12/24)
AA
(As of 01/27/25)
Non-Admitted
Columbia Casualty
Company
003538 A, Excellent
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 12/5/24)
A+
(as of 11/07/24)
Non-Admitted
Convex Insurance UK
Limited
071499 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 05/30/24)
A-
(As of 06/18/24)
Non-Admitted
Endurance Worldwide
Insurance Limited
083234 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 09/27/24)
A+
(As of 03/28/25)
Non-Admitted
Evanston Insurance
Company
003759 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 11/22/24)
A
(As of 07/26/24)
Non-Admitted
Fidelis Insurance
Bermuda Limited / Fidelis
Underwriting Limited
093763
093764
A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 02/28/25)
A-
(As of 04/03/25)
Non-Admitted
21 Alliant Property Insurance Program
2025-2026 Policy Year
Schedule of Insurers (Proposed)
Company A.M. Best's I.D. # A.M. Best's Guide Rating Standard and Poor's State of California
Harleysville Insurance
Company of New York
012051 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 11/07/24)
A+
(As of 04/12/25)
Non-Admitted
Houston Specialty
Insurance Company
013825 A, Excellent;
Financial Size Category 10;
$500,000,000 to less than
$750,000,000
(As of 08/01/24)
Not Rated
(As of 05/21/25)
Non-Admitted
Ironshore Specialty
Insurance Company
013866 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 08/02/24)
A
(As of 11/07/24)
Non-Admitted
Landmark American
Insurance Company
012619 A++, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 02/14/25)
AA+
(As of 09/25/24)
Non-Admitted
Lexington Insurance
Company
002350 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 12/06/24)
AA-
(As of 05/15/25)
Non-Admitted
Liberty Surplus Insurance
Corporation
012078 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 08/02/24)
A
(As of 11/07/24)
Non-Admitted
Lloyd’s of London various
syndicates
085202 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 08/07/24)
AA-
(As of 06/14/24)
Non-Admitted
National Fire & Marine
Insurance Company
002428 A++, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 04/09/25)
AA+
(As of 09/25/24)
Non-Admitted
Palms Specialty
Insurance Company, Inc.
021278 A-, Excellent;
Financial Size Category 10;
$500,000,000 to less than
$750,000,000
(As of 06/20/24)
Not Rated
(As of 5/21/25)
Non-Admitted
Partner Reinsurance
Europe SE
078853 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 02/07/25)
AA-
(As of 03/05/25)
Non-Admitted
Swiss Re Corporate
Solutions America
Insurance Corporation
001866 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 09/26/24)
AA-
(As of 03/11/25)
Admitted
The Princeton Excess
and Surplus Lines
Insurance Co
012170 A+, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 07/18/24)
AA
(As of 04/24/25)
Non-Admitted
22 Alliant Property Insurance Program
2025-2026 Policy Year
Schedule of Insurers (Proposed)
Company A.M. Best's I.D. # A.M. Best's Guide Rating Standard and Poor's State of California
United Specialty
Insurance Company
013105 A, Excellent;
Financial Size Category 10;
$500,000,000 to less than
$750,000,000
(As of 11/22/24)
Not Rated
(As of 05/21/25)
Non-Admitted
Westchester Surplus
Lines Insurance
Company
004433 A++, Superior;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 12/12/24)
AA
(As of 01/27/25)
Non-Admitted
Westfield Specialty
Insurance Company
020985 A, Excellent;
Financial Size Category 15;
$2,000,000,000 or Greater
(As of 03/04/25)
Not Rated
(As of 05/21/25)
Non-Admitted
23 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 1 of 9 City of Torrance
ALLIANT INSURANCE SERVICES, INC.
ALLIANT PROPERTY INSURANCE PROGRAM (APIP)
CYBER INSURANCE PROPOSAL SUMMARY
CORE COVERAGE
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), and Special Property Insurance Program (SPIP)
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) and Special Property Insurance Program (SPIP) 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, 2025 to July 1, 2026
TERRITORY: WORLD-WIDE
RETROACTIVE DATE: APIP/PEPIP
For new members post renewal – the retroactive date will be the date of addition July 1, 2025 For new members included on the July 1, 2025/26 policy July 1, 2024 For existing members included on the July 1, 2024/25 policy 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
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
CSU
July 1, 2008 California State University and CSU Auxiliary Organizations 24 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 2 of 9 City of Torrance
COVERAGES &
LIMITS:
Ai. $ 75,000,000 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. $ 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:
FIRST PARTY LOSS
Business Interruption
and Dependent
Business Interruption
Aggregate Sub-Limit:
Business Interruption
Loss Resulting from
Security Breach
Business Interruption
Loss Resulting from
System Failure:
$ 500,000 Aggregate Limit of Liability for each Insured/Member (Limit is increased to $1,000,000 if Beazley Nominated
Services Providers are used)
$ 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)
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
INSURER: Lloyd’s of London - Beazley Syndicate: Syndicates 2623 – 623 - 100% Liberty Surplus Insurance Corporation (Ironshore)
Associated Industries Insurance Company, Inc. (AmTrust Financial) Westchester Surplus Lines Insurance Company (Chubb)
100% MRS at Lloyd's (MunichRE)
25 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 3 of 9 City of Torrance
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:
$ 200,000 Aggregate Limit of Liability for each Insured/Member
$ 50,000 Aggregate Limit of Liability for each Insured/Member Computer Hardware
Replacement Costs:
Invoice Manipulation:
Cryptojacking:
$ 200,0000 Aggregate Limit of Liability for each Insured/Member
$ 100,000 Aggregate Limit of Liability for each Insured/Member
$ 50,000 Aggregate Limit of Liability for each Insured/Member
26 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 4 of 9 City of Torrance
RETENTION:
$ 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)
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.
27 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 5 of 9 City of Torrance
SPECIFIC COVERAGE
PROVISIONS:
(Continued)
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.
28 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 6 of 9 City of Torrance
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 Organizat ion 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.
29 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 7 of 9 City of Torrance
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
• Tribral Exclusion Endorsement
• Sanctions Limitation
• War and Cyber War Exclusion with Single Entity Carve Back • Asbestos, Pollution and Contamination
• Tribal Exclusion Endorsement
• 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. • Website Tracking Exclusion specific to hospitals as defined by: Hospitals defined as institutions that comprise all the following: A health facility with overall administrative and professional responsibility and an organized medical staff that provides 24-Hour inpatient care, including the following services: Medical, nursing, surgical, anesthesia, laboratory, pharmacy, and dietary services.
30 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 8 of 9 City of Torrance
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
45 Rockefeller Plaza, 16th Floor
New York, NY 10111
[email protected]
Toll Free 24 Hour Hotline 866-567-8570
NOTICE OF
CANCELLATION:
10 days for non-payment of premium
OTHER SERVICES Unlimited Access to Beazley Breach Solutions website https://www.beazley.com/en-us/cyber-customer-centre/cyber/
BROKER: ALLIANT INSURANCE SERVICES, INC.
License No. 0C36861
NOTES:
• Some coverage, limits, sub-limits, terms and conditions may change, as negotiations are ongoing. Changes will be documented and accompany the Binder Confirmation for July 1, 2025 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. • Please refer to Policy for specific terms, conditions and exclusions
31 2025-2026 Alliant Property Insurance Program (APIP) Cyber Proposal Summary Page 9 of 9 City of Torrance
CYBER SUMMARY OF PROPOSED CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY PERIOD
Coverage 2024-2025 2025-2026
Beazley Breach Response
Endorsement
Coverage offered to new and
existing Members – Underwriting
required
No Change
Retention Buy Down
Coverage is being offered to new
and existing members;
underwriting required
No Change
New members to APIP Cyber Core-
Mid Term Transactions
New this year; no underwriting, all
members requesting core
coverage are eligible.
Ransomware application,
statement of no losses, and AFB
warranty required.
All insureds requesting core cyber
coverage are required to complete
the Beazley Ransomware
Supplemental application in the
application portal, provide a signed
statement of no losses, and an AFB
warranty .
New To APIP Core effective Mid-
Term or July 1 Minimum Premium was $500 Minimum Premium Changed to $1,000
Beazley Core Coverage-Website
Tracking Exclusion
Website Pixel Tracking Exclusion
specific to Hospitals defined as a
Health Facility with overall
administrative and professional
responsibility and organized
medical staff that provides 24-
hour inpatient care, including the
following services: Medical,
nursing, surgical, anesthesia,
laboratory, pharmacy, and dietary
services.
No Change
Beazley Core Coverage-New Boost
offering
By endorsement and included
only with the BBR purchase.
Open to all members. Provides
full limit coverage for some First
Party Limits; Business
Interruption, Cyber Extortion, and
Data Recovery.
No Change
Beazley Breach Response
No retention at time of loss for
forensic services only when using
Beazley Security; applicable to
Beazley Breach Response
Endorsement purchasers only.
32 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 1 of 16 City of Torrance
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, 2025 to July 1, 2026
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, 2021 for Products Pollution and Exposure Liability; • July 1, 2021 for Contractor’s Pollution
• July 1, 2021 for Mold Matter
COMPANY: Ironshore Specialty Insurance Company
A.M. BEST INSURANCE
RATING:
A, Excellent, Financial Size Category XV
($2 Billion or greater)
Effective August 2, 2024
STANDARD & POORS
RATING:
A (Strong) as of May 19, 2024
ADMITTED STATUS: Non-Admitted in all states.
COVERED PROPERTY: Per the following Statements of Values (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 96 – SOVs
(Excluding HARPP members)
33 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 2 of 16 City of Torrance
COVERED PROPERTY
(Continued):
Covered locations are defined as any real property owned, leased, rented, operated or occupied by the Insured as of Policy Inception, including, but not limited to, any subsurface potable water, wastewater or storm water pipelines to or from a Covered Location provided that such pipelines are located within a one thousand (1,000) foot radius of such Covered Location. Also includes any roads including, but not limited to, any alleys, streets or bridges owned or operated by the Insured, any vacant land, including any parks, open spaces, easements or rights-of-way owned or operated by the Insured any location scheduled to this policy by endorsement.
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
$ 5,000,000
$ 1,000,000
$ 3,000,000
$ 3,000,000
$ 250,000
$ 2,000,000
$ 5,000,000
$10,000,000
$ 1,000,000
$ 2,000,000
$ 2,000,000
$10,000,000
$ 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*
Mold Matter Restoration Costs, Business Interruption Expenses and Extra Expenses Program Aggregate*
Sewer Backup and Overcharge Program Aggregate*
Lead or Lead Containing Materials Program Aggregate – All Claims* 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 - Biosolids*
Products Pollution and Exposure Liability Program Aggregate – Potable Water*
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. 34 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 3 of 16 City of Torrance
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.
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.
35 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 4 of 16 City of Torrance
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 7/1/2021.
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 7/1/2021.
Insured’s Products are defined as:
• Potable water manufactured, sold, handled or distributed by the Insured or others trading under the Insured’s name, and includes containers (other than automobiles, rolling stock, vessels or aircraft), materials, parts or equipment furnished in connection therewith, and includes warranties or representations made at any time with respect to the fitness, quality, durability, performance or use thereof, or the failure to provide warnings or instructions; or • Biosolid-derived fertilizers manufactured, sold, handled or distributed by the Insured or others trading under the Insured’s name, and includes containers (other than automobiles, rolling stock, vessels or aircraft), materials, parts or equipment furnished in connection therewith, and includes warranties or representations made at any time with respect to the fitness, quality, durability, performance or use thereof, or the failure to provide warnings or instructions.
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.
36 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 5 of 16 City of Torrance
SPECIFIC COVERAGE
PROVISIONS -
CONTINUED:
Automatic Acquisition – Automatic coverage for mid-term real property additions, 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. Notice must be provided to the Insurer within 365 days, along with any supporting documentation reasonably requested by the underwriter. To the extent that the Insured has a Phase I Environmental Assessment (“Phase I”) for such acquired real property, a copy must be provided to the Insurer’s underwriter, unless the acquired real property is leased, managed or rented.
Coverage does not apply to any Remediation Expenses or Emergency Response Expenses incurred for the remediation of Mold Matter at such Acquired Real Property which is the result of any water intrusion or moisture condition prior to the Insured taking title or occupancy of such property. Any water-intrusion or moisture condition shall include, but not be limited to, any roof or building envelope leak, any heating, ventilation and air conditioning (HVAC) system improvement, replacement or upgrade or any plumbing or pipe leak.
Coverage is limited for Coverages A, B and D to Sudden and Accidental only for the Santa Barbara Municipal Airport. The pollution incident giving rise to such Remediation Expenses or Business Interruption Expenses and Extra Expenses must be discovered by the Insured during the policy period and within fifteen (15) days of commencement, the Pollution Incident is demonstrable as commencing on a specific date, and must be reported to the Insurer in writing during the policy period and no later than forty-five (45) days following the discovery of such Pollution Incident.
Blanket Underground Storage Tank coverage included, with a deductible of $500,000 for storage tanks less than twenty years old, a deductible of $375,000 for storage tanks between twenty and thirty years old, and a deductible of $500,000 for storage tanks which are thirty years old or older. 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.
37 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 6 of 16 City of Torrance
SPECIFIC COVERAGE
PROVISIONS -
CONTINUED:
Additional Insureds are as follows:
• Any Entity
• If any Named Insured pursuant to this Policy is a Public Entity, the following entities are additional insureds:
o A governmental agency or subdivision, department, municipal body, commission or board, or a not-for profit corporation which is owned or controlled by any Named Insured;
o An individual while acting in the capacity as a director of, officer of, trustee of, employee of, temporary or leased worker of, or staff member of, any Named Insured;
o A volunteer, but solely while acting within the scope of such duties and at the direction of any Named Insured;
o A paramedic or emergency technician, but solely while acting within the course and scope of employment or while acting as a volunteer pursuant to the direction of any Named Insured;
o An elective or appointive officer or a member of any such commission, board or agency of any Named Insured but solely while acting within the scope of duties as such; or
o A joint venture or partnership, including a mutual assistance pact, joint powers agreement or similar association, but only with respect to the conduct of the business of any named Insured on behalf of that entity or association and only to the extent of such Named Insured’s participation or interest in that entity or association.
If the Named Insured is an Educational Entity, the following persons or entities are additional insureds, individually and collectively, when acting solely within the scope of their duties, office, or employment for, and pursuant to the supervision of, any Named Insured:
• Members of the School Board;
• Officers;
• Employees;
• Temporary or Leased Workers;
• Authorized individual volunteers; or
• Student Body Organizations pursuant to the jurisdiction of the governing board, but only while pursuant to the supervision required by the governing board. 38 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 7 of 16 City of Torrance
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 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, 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.
• 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.
39 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 8 of 16 City of Torrance
EXCLUSIONS (including
but not limited to, Cont.):
Coverage does not apply to any claim or loss from:
• Non-Disclosure – does not apply to any Inadvertently Omitted Locations • 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, or to the Santa Barbara Municipal Airport.
• Oil and/or Gas Operations – only applies to oil and/or gas producing and refining facilities
• Firearms, Explosives or Military Weapons
• Activity Use Limitation
• Landfill Closure, Post-Closure and Reclamation Costs – any closure, post closure or reclamation costs or obligations, including but not limited to any costs associated with landfill caps or gas or leachate systems. Does not apply to claims for Bodily Injury or Property Damage.
• Combined Sewer Overflow – defined as any discharge of stormwater and / or wastewater into any body of water, including surface water or groundwater, arising from a sewer system (including but not limited to sewer lines, pipes, pumping stations, appurtenances and treatment plants) that handles both wastewater and stormwater due to the volume of stormwater and/or wastewater exceeding the capacity of such sewer system.
• 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. • 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 the Insured’s 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)
• Owned Property (Covered Operations Only)
• Damage to Your Work (Covered Operations Only)
40 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 9 of 16 City of Torrance
EXCLUSIONS (including
but not limited to, Cont.):
• Any perfluorinated compound (PFC) or perfluoroalkyl or polyfluoroalkyl substance, including but not limited to 10:2 fluorotelomer sulfonic acid (10:2 FTS); 11-chloroeicosafluoro-3-oxaundecane-1-sulfonic acid (11ClPF3OUdS); 2H,2H,3H,3H-perfluorodecanoic acid (7:3 FTCA); 2H,2H,3H,3H- perfluorohexanoic acid (3:3 FTCA); 2H,2H,3H,3Hperfluorooctanoic acid (5:3 FTCA); 4,8-dioxa-3H-perfluorononanoic acid (ADONA); 4:2 fluorotelomer sulfonic acid (4:2 FTS); 6:2 fluorotelomer sulfonic acid (6:2 FTS); 8:2 fluorotelomer sulfonic acid (8:2 FTS); 9-chlorohexadecafluoro-3oxanonane-1-sulfonic acid (9ClPF3ONS); n-ethyl perfluorooctane sulfonamido ethanol (NEtFOSE); hexafluoropropylene oxide dimer acid (HFPO-DA or GenX); n-methyl perfluorooctane sulfonamido ethanol (NMeFOSE); n-ethyl
perfluorooctanesulfonamidoacetic acid (NEtFOSAA); n-ethyl perfluorooctane sulfonamide (NEtFOSA); n-methyl perfluorooctanesulfonamidoacetic acid (NMeFOSAA); n-methyl perfluorooctane sulfonamide (MeFOSA); nonafluoro3,6- dioxaheptanoic acid (NFDHA); perfluoro(2-ethoxyethane) sulfonic acid (PFEESA); perfluoro-3-methoxypropanoic acid (PFMPA); perfluoro-4- methoxybutanoic acid (PFMBA); perfluorobutane sulfonic acid (PFBS); perfluorobutanoic acid (PFBA); perfluorodecane sulfonic acid (PFDS); perfluorodecanoic acid (PFDA); perfluorododecanoic acid (PFDoA); perfluoroheptane sulfonic acid (PFHpS); perfluoroheptanoic acid (PFHpA); perfluorohexadecanoic acid (PFHxDA); perfluorohexane sulfonic acid (PFHxS); perfluorohexanoic acid (PFHxA); perfluorononane sulfonic acid (PFNS); perfluorononanoic acid (PFNA); perfluorooctadecanoic acid (PFODA); perfluorooctane sulfonamide (PFOSA); perfluorooctane sulfonic acid (PFOS); perfluorooctanoic acid (PFOA); perfluoropentane sulfonic acid (PFPeS); perfluoropentanoic acid (PFPeA); perfluorotetradecanoic acid (PFTA); perfluorotridecanoic acid (PFTrDA); perfluoroundecanoic acid (PFUnA); perfluorodedecanesulfonic acid (PFDoS); polytetrafluoroethylene (PTFE); 8:2 fluorotelomer unsaturated carboxylic acid (8:2 FTUCA) or 8:2 polyfluoroalkyl phosphate diester (8:2 diPAP), or any precursor chemicals. PFAS shall include:
(i) any PFAS that falls within the structural definition set forth in 40 CFR 705.3, or any additions or amendments thereto; (ii) any anion forms, structural isomers or salts of PFAS associated with their corresponding acid forms, or any processing aids or residual materials contained therein; or (iii) any transformation or degradation compounds of PFAS. Further, PFAS shall also include aqueous film forming foam (AFFF) containing PFAS or any additives or component materials contained therein or degradation by-products thereof.
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.
Any am
41 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 10 of 16 City of Torrance
SPECIFIC
DEDUCTIBLES:
$ 250,000
$ 250,000
$ 250,000
$ 250,000
$ 350,000
$ 500,000
$ 500,000
Disinfection Event Expenses
Image Restoration Expenses
Products Pollution and Exposure Liability
Covered Operations
Mold Matter (*or $25,000 per room impacted, whichever is greater, with a $2,500,000 maximum – a room is considered equal to 250 sq ft of floor space, education, healthcare and hospitality locations only) Legionella
Sewer Backup and Overcharge deductible
$ 250,000
$ 375,000
$ 500,000
$ 1,000,000
Underground Storage Tanks (less than 20 years old)
Underground Storage Tanks (20-30 years old)
Underground Storage Tanks (more than 30 years old)
Wildfire Deductible
5 Days Business Interruption Waiting Period
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.
42 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 11 of 16 City of Torrance
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: [email protected]
2) Akbar Sharif
Alliant Insurance Services, Inc.
18100 Von Karman Avenue
10th Floor
Irvine, CA 92612
949 260-5088
949 756-2713 – fax
[email protected]
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, 2025
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, 202 5 bound terms. • We reserve the right to request any additional information and make any modifications to the premiums, terms or conditions should there be any adverse claims activity between now and June 1, 202 5. • 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.
43 SUMMARY OF BOUND CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY TERM 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 12 of 16 City of Torrance
Coverage 2024-2025 2025-2026
Pollution Liability
Policy Term July 1, 2024 to July 1,2025 July 1, 2025 to July 1, 2026 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, 2024 for Products Pollution
and Exposure Liability;
• July 1, 2024 for Contractor’s Pollution
• July 1, 2024 for Mold Matter
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, 2021 for Products Pollution
and Exposure Liability;
• July 1, 2021 for Contractor’s Pollution
• July 1, 2021 for Mold Matter
A.M. Best Insurance
Rating
A, Excellent, Financial Category XV
($2 Billion or greater)
Effective August 8, 2023
A, Excellent, Financial Category XV
($2 Billion or greater)
Effective August 2, 2024
Standard and Poors
Insurance Rating A (Strong) as of February 28, 2024 A (Strong) as of May 19, 2024 Covered Property
Covered locations are defined as any location
identified in one of the SOVs listed above, on file
with the Insurer, as of Policy Inception, including,
but not limited to, any subsurface potable water,
wastewater or storm water pipelines to or from a
Covered Location provided that such pipelines are
located within a one thousand (1,000) foot radius
of such Covered Location. Also includes any
inadvertently omitted location and any location
scheduled to this policy by endorsement.
Covered locations are defined as any real property
owned, leased, rented, operated or occupied by the
Insured as of Policy Inception, including, but not
limited to, any subsurface potable water, wastewater
or storm water pipelines to or from a Covered Location
provided that such pipelines are located within a one
thousand (1,000) foot radius of such Covered
Location. Also includes any roads including, but not
limited to, any alleys, streets or bridges owned or
operated by the Insured, any vacant land, including
any parks, open spaces, easements or rights-of-way
owned or operated by the Insured any location
scheduled to this policy by endorsement.
Sub-Limits
$2,000,000
Mold Matter Loss, Business
Interruption and Extra Expense
Program Aggregate*
$5,000,000
Mold Matter Loss, Business
Interruption and Extra Expense
Program Aggregate*
$1,000,000 Legionella Per Named Insured
Aggregate*
Deleted
$2,000,000 Sewer Backup and Overcharge
Program Aggregate* $3,000,000 Sewer Backup and Overcharge Program Aggregate*
$2,000,000
Lead or Lead Containing
Materials Program Aggregate –
All Claims*
$3,000,000 Lead or Lead Containing Materials
Program Aggregate – All Claims*
$5,000,000 Products Pollution and Exposure
Liability Program Aggregate* $5,000,000
Products Pollution and Exposure
Liability Program Aggregate -
Biosolids*
44 SUMMARY OF BOUND CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY TERM 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 13 of 16 City of Torrance
Coverage 2024-2025 2025-2026
Sub-Limits
(Continued) $10,000,000
Products Pollution and Exposure
Liability Program Aggregate –
Potable Water*
$5,000,000
Contractors Pollution Program
Aggregate* - All other
Operations*
$10,000,000 Contractors Pollution Program
Aggregate* - All other Operations*
$500,000
Inadvertently Omitted Location
Per Named Insured Aggregate
Sublimit*
Deleted
Specific Coverage
Provisions
(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 7/1/2024.
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 7/1/2021.
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
7/1/2024.
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 7/1/2021.
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 $0.009885 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 – Automatic coverage for mid-
term real property additions, 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. Notice must
be provided to the Insurer within 365 days, along with
any supporting documentation reasonably requested
by the underwriter. To the extent that the Insured has a Phase I Environmental Assessment (“Phase I”) for
such acquired real property, a copy must be provided
to the Insurer’s underwriter, unless the acquired real
property is leased, managed or rented.
Coverage is limited for Coverages A, B and D to
Sudden and Accidental only for any location with
Current or Historic use as an Airport or any
associated facility. The pollution incident giving rise to such Remediation Expenses or Business
Interruption Expenses and Extra Expenses must
be discovered by the Insured during the policy
period and within seven (7) days of
commencement, the Pollution Incident is
demonstrable as commencing on a specific date,
and must be reported to the Insurer in writing
during the policy period and no later than twenty-
Coverage is limited for Coverages A, B and D to
Sudden and Accidental only for the Santa Barbara
Municipal Airport. The pollution incident giving rise to such Remediation Expenses or Business Interruption
Expenses and Extra Expenses must be discovered by
the Insured during the policy period and within fifteen (15) days of commencement, the Pollution Incident is
demonstrable as commencing on a specific date, and
must be reported to the Insurer in writing during the
policy period and no later than forty-five (45) days
following the discovery of such Pollution Incident.
45 SUMMARY OF BOUND CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY TERM 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 14 of 16 City of Torrance
Coverage 2024-2025 2025-2026
Specific Coverage
Provisions
(Continued)
one (21) days following the discovery of such
Pollution Incident.
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.
Blanket Underground Storage Tank coverage
included, with a deductible of $500,000 for storage
tanks less than twenty years old, a deductible of
$375,000 for storage tanks between twenty and thirty
years old, and a deductible of $500,000 for storage
tanks which are thirty years old or older. Note: Does
not meet financial assurance requirements.
Exclusions
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
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, or Remediation Expenses
for the remediation of any soil, groundwater body,
surface water body or sediment; or
Airports – defined as any airport where
enplanement occurs and/or 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.
Airports – defined as any airport where enplanement
occurs and/or 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, or to
the Santa Barbara Municipal Airport.
Damage to Property (Covered Operations Only) Owned Property (Covered Operations Only) 46 SUMMARY OF BOUND CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY TERM 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 15 of 16 City of Torrance
Coverage 2024-2025 2025-2026
Exclusions,
Continued
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.
Any perfluorinated compound (PFC) or perfluoroalkyl
or polyfluoroalkyl substance, including but not limited to 10:2 fluorotelomer sulfonic acid (10:2 FTS); 11-
chloroeicosafluoro-3-oxaundecane-1-sulfonic acid
(11ClPF3OUdS); 2H,2H,3H,3H-perfluorodecanoic acid
(7:3 FTCA); 2H,2H,3H,3H-perfluorohexanoic acid (3:3
FTCA); 2H,2H,3H,3Hperfluorooctanoic acid (5:3
FTCA); 4,8-dioxa-3H-perfluorononanoic acid
(ADONA); 4:2 fluorotelomer sulfonic acid (4:2 FTS);
6:2 fluorotelomer sulfonic acid (6:2 FTS); 8:2
fluorotelomer sulfonic acid (8:2 FTS); 9-
chlorohexadecafluoro-3oxanonane-1-sulfonic acid
(9ClPF3ONS); n-ethyl perfluorooctane sulfonamido
ethanol (NEtFOSE); hexafluoropropylene oxide dimer
acid (HFPO-DA or GenX); n-methyl perfluorooctane
sulfonamido ethanol (NMeFOSE); n-ethyl
perfluorooctanesulfonamidoacetic acid (NEtFOSAA);
n-ethyl perfluorooctane sulfonamide (NEtFOSA); n-
methyl perfluorooctanesulfonamidoacetic acid
(NMeFOSAA); n-methyl perfluorooctane sulfonamide
(MeFOSA); nonafluoro3,6-dioxaheptanoic acid
(NFDHA); perfluoro(2-ethoxyethane) sulfonic acid
(PFEESA); perfluoro-3-methoxypropanoic acid
(PFMPA); perfluoro-4-methoxybutanoic acid (PFMBA);
perfluorobutane sulfonic acid (PFBS);
perfluorobutanoic acid (PFBA); perfluorodecane
sulfonic acid (PFDS); perfluorodecanoic acid (PFDA);
perfluorododecanoic acid (PFDoA); perfluoroheptane
sulfonic acid (PFHpS); perfluoroheptanoic acid
(PFHpA); perfluorohexadecanoic acid (PFHxDA);
perfluorohexane sulfonic acid (PFHxS);
perfluorohexanoic acid (PFHxA); perfluorononane
sulfonic acid (PFNS); perfluorononanoic acid (PFNA);
perfluorooctadecanoic acid (PFODA); perfluorooctane
sulfonamide (PFOSA); perfluorooctane sulfonic acid
(PFOS); perfluorooctanoic acid (PFOA);
perfluoropentane sulfonic acid (PFPeS);
perfluoropentanoic acid (PFPeA);
perfluorotetradecanoic acid (PFTA);
perfluorotridecanoic acid (PFTrDA);
perfluoroundecanoic acid (PFUnA);
perfluorodedecanesulfonic acid (PFDoS);
polytetrafluoroethylene (PTFE); 8:2 fluorotelomer
unsaturated carboxylic acid (8:2 FTUCA) or 8:2
polyfluoroalkyl phosphate diester (8:2 diPAP), or any
precursor chemicals. PFAS shall include: (i) any
PFAS that falls within the structural definition set forth in 40 CFR 705.3, or any additions or amendments
thereto; (ii) any anion forms, structural isomers or salts of PFAS associated with their corresponding acid
forms, or any processing aids or residual materials
contained therein; or (iii) any transformation or
degradation compounds of PFAS. Further, PFAS shall
also include aqueous film forming foam (AFFF)
containing PFAS or any additives or component
materials contained therein or degradation by-
products thereof.
47 SUMMARY OF BOUND CHANGES
THE FOLLOWING ITEMS ARE PROPOSED CHANGES FOR THE 2025-2026 POLICY TERM 2025-2026 Alliant Property Insurance Program (APIP) Pollution Liability Proposal Page 16 of 16 City of Torrance
Coverage 2024-2025 2025-2026
Specific Deductibles
$350,000
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)
$350,000
Mold Matter (*or $25,000 per room
impacted, whichever is greater,
with a $2,500,000 maximum – a
room is considered equal to 250 sq
ft of floor space, education,
healthcare and hospitality locations
only)
$500,000 Underground Storage Tanks
(less than 25 years old) $250,000 Underground Storage Tanks (less than 20 years old)
<Not Applicable> $375,000 Underground Storage Tanks (20- 30 years old)
$1,000,000 Underground Storage Tanks
(more than 25 years old) $500,000 Underground Storage Tanks (more than 30 years old)
Quote Valid Until July 1, 2024 July 1, 2025
48 ALLIANT PROPERTY INSURANCE PROGRAM
2025-2026
NAMED INSURED SCHEDULE
AS OF 06/04/2025
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:
City of Torrance
3031 Torrance Blvd.
Torrance, CA 90503-9051
NAMED INSURED MEMBER(S)
City of Torrance
Los Angeles Torrance Civic Center
Authority
Municipal Area Express
Public Facilities Corporation
Torrance Improvement Corporation
Torrance Public Financing Authority
Torrance Redevelopment Agency
Torrance Sister City Association, Inc.
49 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 typi cally 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 co mpanies 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.
50 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.
51 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.
52 Last Updated: May 2023 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 4 Binding Requirements Recap
Required with Binding Request:
• 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
*- 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 Torrance
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.
53 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: [email protected] Email: [email protected]
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: [email protected]
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: [email protected]
Elaine G. Tizon, V.P. CISR, E-mail: [email protected] Donna Peterson, E-mail: [email protected]
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: [email protected]
Akbar Sharif
Claims Advocate
Address: 18100 Von Karman Avenue, 10th Floor
Irvine, CA 92612
Voice: (949) 260-5088 Fax: (415) 403-1466
Email: [email protected]
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 54 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, 2025 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 Torrance
X
Signature of Authorized Insured Representative
Title Date
Print / Type Insured Representative Full Name:
55 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)
56 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
57 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: [email protected] AND [email protected]
Carbon Copy APIP Claims Administrator: [email protected] 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: _APIP2025 (Dec 02) ________________ Policy Period: July 1, 2025- July 1, 2026 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:
Per the Master Policy Wording, Section IV General Conditions.
L. 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.
Real Property Vehicles
Personal Property Other 58 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:
(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.
59 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: July 1, 2025- July 1, 2026
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: [email protected]
CC Alliant Claims Department:
[email protected], [email protected] and your Alliant representative
BY EMAIL: [email protected]
CC Alliant Claims Department: [email protected] AND [email protected] And your Alliant representative
60 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.
61 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
[email protected]
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
62 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: July 1, 2025- July 1, 2026 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 PHONE: (888) 292-0249
BY FAX: (646) 826-6601
BY EMAIL: [email protected]
CC Alliant Insurance: [email protected] and your Alliant Representative
63 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 4, 2025
Named Insured: City of Torrance
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% BEGINNING ON JANUARY 1, 2020, 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.
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.
64 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 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 Torrance
65 Alliant Insurance Services Inc.
APIP INVOICE
NAMED INSURED:
City of Torrance
INVOICE DATE: June 4, 2025
PAYMENT DUE DATE: July 23, 2025
CUSTOMER NUMBER: TORRANC-02
EFFECTIVE DATE: July 1, 2025
TOTAL INVOICE DUE AT THIS TIME: $ 641,686.51
INSURANCE CO: Various INVOICE NUMBER: 10170635 POLICY NUMBER: PPROP2526
Total Property Premium:
Total Pollution Premium:
Total Cyber Premium:
Total Boiler & Machinery Premium:
ABS Fee:
Estimated SLT&F:
Broker Fee:
$ 596,148.00
$ 3,310.00
$ 14,368.00
$ 3,894.00
$ 4,323.00
$ 19,643.51
$ 0.00
TOTAL DUE AT THIS TIME: $ 641,686.51
Total Due includes Premiums , Taxes and Fees where applicable. The Cyber Enhancement premium , should you have elected to purchase this coverage, is not included as part of this invoice.
Please return a copy of the invoice with your payment. Premiums are due and payable upon receipt of this invoice but no later than 30 days of Binding. If payment is not received by the due date, policies may be subject to cancellation.
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, Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101.
Coverages, limits, sub-limits, terms and conditions could change. All changes will be advised prior to binding and accompany the Binder Confirmation for July 1, 2025 bound terms.
66 Important Notice of Remittance
Payment Address
We have implemented lockbox deposit services with our Bank.
Please use to avoid delays in processing your payments.
Effective immediately, please mail all future checks along with your remittance detail invoice to the following:
Standard Mail Remittance Address:
AIS Trust Account Newport
P.O. Box 744963
Los Angeles, CA 90074-4963
Overnight/Courier Remittance Address:
Bank of America Lockbox Services
Lockbox 744963
2706 Media Center Drive
Los Angeles, CA 90065-1733
ACH/WIRE PAYMENTS
Bank of America
Alliant Insurance Services Trust Account
Account Number: 1453355421
ACH Routing Number: 122000661
Wire Routing: Number: 026009593
SWIFT: BOFAUS3N (US Domestic)
SWIFT: BOFAUS6S (Foreign Currency)
ACH/Wire Reference: Include your ten-digit Client Account Number and Invoice Number (both can be found at the top right of this invoice) E-mail remittances to [email protected]
Pay your Invoice via ACH using AlliantPay: https://billpay.alliant.com
67