Decision details

Insurance Fund - Annual Report 2016/17

Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Decision:

That the Insurance Fund Annual Report 2016/17 be noted.

Reasons for the decision:

The Council maintains appropriate levels of insurance cover to ensure adequate cover for Council properties, assets and services. The Annual Insurance Report for 2016/17 advises on the position of the Insurance Fund as at 31st March 2017, presenting statistics related to insurance claims for the last two years.

 

In 2016/17, the total Fund value increased slightly from £3.1m to 3.4m. From a mid-year review, the final value at 31st March 2018 is estimated to increase to around £3.6m. As at 25th September 2017, there were 251 open claims.

 

Publication date: 17/10/2017

Date of decision: 17/10/2017

Effective from: 25/10/2017

Accompanying Documents: