Overview of CIBA Programs NorthStar Risk Management Walnut Creek, CA Innovation in commercial Innovation in commercial insurance programs insurance programs Corporate Office: 655 North Central Avenue, Suite 2100, Glendale, CA 91203 t 818.638.8525 f 818.638.8551 www.cibaservices.com
CIBA Insurance Services, established in 1993, provides commercial real estate insurance programs to property owners, managers, associations and affinity groups. Our Mission: To continue to be the industry leader in providing owners and managers of commercial real estate comprehensive and competitively priced programs for risk management. Program coverage limits are established, continuously monitored and adjusted, if necessary, to ensure that each participant’s purchased coverages are available to protect their commercial real estate investment. Revised April 15, 2010 2
Washington North Dakota Montana Oregon Wisconsin South Dakota Minnesota Idaho Michigan Wyoming Chicago Iowa Nebraska Ohio Delaware Nevada Maryland Illinois Indiana West Utah Virginia District of Columbia Virginia Colorado Kansas Kentucky Missouri California North Carolina Las Vegas Tennessee South Glendale Oklahoma Arkansas Carolina Arizona New Mexico Atlanta Dallas Georgia Texas States CIBA Programs is available Regional Offices Revised April 15, 2010 3
CIBA INSURANCE SERVICES AND ITS SUBSIDIARIES CLAIMS ADJUSTING LAW OFFICES OF SUMMIT SURETY CIBA GROUP, INC. BAKER & ASSOCIATES INSURANCE SERVICES Underwriting Claims Adminstration Legal Claims Support Surety & Bonding Inspections & Loss Control Subrogation Coverage Placement Processing Support Sales & Marketing Support Insurance Certificate Monitoring Revised April 15, 2010 4
The steady and controlled Program growth has allowed CIBA to continue its goal of maximizing the benefits of group purchasing and expanded coverage. CIBA I Program CIBA II Program Total Insured Values Total Insured Values – All Programs Residential Program – Number of Apartment & Condo Units Value (in millions) 2009 $31,777 2009 229,894 2008 $6,247 Policy year ending September 30 2008 $28,442 2008 212,709 2007 $2,488 Policy year ending March 31 Policy year ending March 31 $23,400 204,000 Apartment and Condo Units 2007 2007 Value (in millions) $0 $1,500 $3,000 $4,500 $6,000 $7,500 $9,000 2006 $20,931 2006 183,000 2005 $17,569 2005 160,000 2004 $16,609 2004 147,593 Residential Program – Number of Apartment & Condo Units 2003 $15,455 2003 135,667 2008 63,538 2002 $13,439 2002 117,972 2007 35,189 2001 $10,037 2001 82,385 2000 2000 $6,345 39,660 0 25,000 50,000 75,000 100,000 125,000 150,000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 0 50,000 100,000 150,000 200,000 250,000 Total Insured Values – Residential Programs Total Insured Values – Custom & Industrial Programs Total Insured Values – Residential Value (in millions) 2009 $9,538 2009 $22,239 2008 $5,197 2008 $20,005 2008 $8,437 Policy year ending September 30 $2,242 Policy year ending March 31 2007 Policy year ending March 31 2007 $17,000 2007 $6,400 Value (in millions) Value (in millions) $15,836 $5,095 2006 2006 $0 $1,500 $3,000 $4,500 $6,000 $7,500 $9,000 2005 $12,918 2005 $4,651 2004 $11,915 2004 $4,694 Total Insured Values – Custom & Industrial 2003 $9,218 2003 $6,237 Value (in millions) 2008 $1,050 2002 $8,015 2002 $5,424 2007 $246 2001 $4,961 2001 $5,076 $2,473 2000 $3,872 2000 $0 $5,000 $10,000 $15,000 $20,000 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Revised April 15, 2010 5
CIBA COMMERCIAL PROPERTY AND LIABILITY PROGRAMS INDUSTRIAL RESIDENTIAL CUSTOM (HPR) Warehouses Apartments Fire Resistive � � Shopping Centers Light Manufacturing Homeowners Associations � � Office Buildings � � High-Rise Condominiums Retail Strip Centers Condominiums (Condo Associations) Distribution Centers Mixed-Use Buildings Industrial Parks Active Adult Communities Self Storage Office Buildings Revised April 15, 2010 6
CIBA COMMERCIAL PROPERTY PROGRAM COVERAGES BROAD BASIC PROPERTY COMPREHENSIVE PROPERTY GENERAL LIABILITY All Risk Excluding Earthquake and Flood Broad Basic Property Lessor’s Risk (OL&T) Boiler and Machinery Earthquake and/or Flood Pollution Remediation Loss of Rents Lead, Asbestos and Formaldehyde Liability Crime (Optional) Revised April 15, 2010 7
PROGRAM COVERAGES MARCH 31, 2010 TO MARCH 31, 2012 PROGRAM LIMITS PROPERTY All Risk Excluding Earthquake & Flood Residential Program $1,000,000,000 Per Occurrence, Automatic Reinstatement Industrial & Custom (HPR) Program $1,000,000,000 Per Occurrence, Automatic Reinstatement Asbestos Up to $25,000 Per Occurrence Mold $10,000 Per Occurrence Boiler & Machinery Residential $50,000,000 Per Occurrence Industrial & Custom (HPR) Program $50,000,000 Per Occurrence LIABILITY Lessor’s Risk Primary General Liability $1,000,000 Per Occurrence / $2,000,000 Per Location Aggregate Pollution Remediation & Pollution Liability (Including Lead, Asbestos & Formaldehyde) $250,000 Per Occurrence / $500,000 Shared Annual Aggregate Hired & Non Owned Auto – Business $1,000,000 Per Accident / Subject to $2,000,000 General Aggregate OPTIONAL COVERAGES Earthquake & Flood (3-31-10 to 3-31-11) Residential A Up to $5,000,000 Per Location Limit Residential B Up to $5,000,000 Per Location Limit Industrial & Custom A Up to $5,000,000 Per Location Limit Industrial & Custom B Up to $5,000,000 Per Location Limit Flood Only (3-31-10 to 3-31-11) Up to $5,000,000 Per Location Limit Dedicated Excess General Liability Layer 1 $10,000,000 Per Location Per Occurrence / Annual Aggregate Dedicated Excess General Liability Layer 2 $15,000,000 Per Location Per Occurrence / Annual Aggregate Shared Excess General Liability Layer 3 $50 ,000,000 Per Location Per Occurrence / $100,000,000 Shared Annual Aggregate Crime Up to $25,000 Per Occurrence / $250,000 Shared Annual Aggregate HOA/Condo D&O Up to $10,000,000 Annual Aggregate Available Revised April 15, 2010 8
Between CIBA Program and ISO General Forms � � Residential Property & Other Coverages POLICY BENEFIT CIBA ISO Property Coverage Roadways, Walks, Patios, or Other Paved Surfaces Covered Excluded Retaining Walls Covered Excluded Underground Pipes, Flues, or Drains Covered Excluded Foundations of Buildings & Structures Covered Excluded Fences Included in Policy Limit; All Risk $1000 Debris Removal $5,000,000 Limit 25% Loss Fire Fighting $100,000 Limit $1000 Limit Pollutant Clean-up $100,000 Limit, Except Asbestos Removal $10,000 Limit Asbestos Removal & Testing $25,000 Limit From Covered Peril Excluded Trees, Shrubs & Plants Up to $250,000 Limit $1,000 Limit Signs Included in Policy Limit $1,000 Limit Increased Cost of Construction Up To $10,000,000 Limit $10,000 Limit Vacant Buildings Available With Higher Deductibles 60 Days With Named Peril Service Interruption $1,000,000 Including T&D (Within 5 Miles) Conditionally Excluded Extended Period of Indemnity — Loss of Rents 12 Months 30 Days Mold/Fungus $10,000 Limit From Covered Peril Conditionally Excluded Collapse Covered Conditionally Excluded Boiler & Machinery $50,000,000 Limit Conditionally Excluded Additional Coverages Included With Liability Pollution Remediation (Including Lead, Asbestos & Formaldehyde Liabilty $250,000 Per Occurrence Limit ; $500,000 Program Aggregate E xcluded Hired & Non Owned Auto—Business Use $1,000,000 Per Accident / Subject to General Aggregate Excluded Note: Individual CIBA Policy Holder Coverages May Vary Revised April 15, 2010 9
CIBA’s Earthquake & Flood optional coverages began in 1994 and have developed into a stable program for owners and managers of commercial real estate and their lenders. The Program is structured into six separate coverage towers with the following shared annual aggregate limits: � Industrial & Custom CA A $250,000,000 � Residential CA A $250,000,000 CIBA I � Industrial & Custom CA B $250,000,000 � Residential CA B $250,000,000 � Industrial & Custom OS � Residential OS $250,000,000 $250,000,000 CA = California OS = Other States Exposure base, TIV, and sublimits are closely monitored by EQ zone to ensure that no single zone’s sublimits less deductibles or 30% PML exposure exceeds the towers aggregate limit. The current Primary Carriers include: � Lexington � Lloyds of London � Westchester � � Ironshore Earthquake and Flood deductibles and sublimits are rated and established based on the Earthquake and Flood zone of the property. Earthquake and Flood coverage can be purchased with location sublimits or a primary account sublimit over multiple locations. Minimum deductibles per location apply. Revised April 15, 2010 10
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