Risk Management Claims Paid
The summary page lists the total amounts paid out to close claims in the listed years. It also reports the number of claims that were closed in each year.
There is also a graph for each year that illustrates the percentage of the total payout for each of the coverage types that we reported on. The percentages change from year to year because the value of the individual claims settled in the year are variable. For instance in 2011 we closed a Land Use claim for $11 million that amounted to 56% of the total payout. In most years the percentage paid on Land Use claims is zero. We get very few of these claims and only close one occasionally.
Table - Claims paid per year
|Close Year||Total Paid without Water Utility Authority||Total Paid for Water Utility Authority * ||Total Paid||Total City Operating Budget without Water Utility Authority||Percent of Total Closed Claims ** ||Claim Count without Water Utility Authority|
|2009||$6 million||$2 million||$8 million||$908 million||0.87%||1,852|
|2010||$10 million||$2 million||$12 million||$904 million||1.35%||1,687|
|2011||$20 million||$2 million||$22 million||$892 million||2.49%||1,942|
|2012||$8 million||$1 million||$9 million||$878 million||1.03%||1,741|
|2013||$8 million||$2 million||$10 million||$871 million||1.15%||1,744|
|Total||$52 million||$9 million||$61 million||$4.453 billion||--||8,966|
* - Total closed claims payments made in calendar 2011 included a payment of $11 million for the Albuquerque Commons.
** - Percentage of total closed claims paid as compared to Total City Operating Budget without WUA
Graphs: Per-Year Percentages
Percentage by coverage of closed claims paid during calendar years without Water Utility Authority.
Closed Claims Paid - 2009
Closed Claims Paid - 2010
Closed Claims Paid - 2011
Closed Claims Paid - 2012