Insurance premiums (FOI)

Request

With reference to the following previous FOI response:

Compensation settlement (FOI)  

With regards to question on how the renewal premium on the insurance policy be affected. The reply stated: "Individual settlements such as this will not necessarily have an impact on the State of Jersey’s insurance premiums as insurers take into account a wide variety of factors when determining premiums including the level of excess and deductibles and the States of Jersey’s vigilant internal risk management controls across all departments."

I would like to know what the current position is, rather than what 'may' happen. When is the policy up for renewal? Has the insurance company indicated that any changes will be made to the policy in the wake of the X Plaintiffs compensation claim? If so, what are these changes?

Response

This information is exempt on the grounds of:

Article 26 (Information provided in confidence); the Government of Jersey are bound by confidentiality not to discuss the terms of this settlement.

Article 33 (Commercial interests); the insurers wish to preserve their positon with regard to this matter.

Article 34 (Economic interests); it is not in the public interest to know whether or not premiums go up or down or what factors are taken into account when assessing this. To disclose this information may prejudice the arrangement we have which may inadvertently be economically damaging to the Government of Jersey.

Articles applied

Article 26 Information supplied in confidence

Information is absolutely exempt information if –

(a) it was obtained by the scheduled public authority from another person (including another public authority); and

(b) the disclosure of the information to the public by the scheduled public authority holding it would constitute a breach of confidence actionable by that or any other person.

Article 33 Commercial interests

Information is qualified exempt information if –

(a) it constitutes a trade secret; or

(b) its disclosure would, or would be likely to, prejudice the commercial interests of a person (including the scheduled public authority holding the information).

Article 34 The economy

Information is qualified exempt information if its disclosure would, or would be likely to, prejudice –

(a) the economic interests of Jersey; or

(b) the financial interests of the States of Jersey.