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HomeMy WebLinkAboutT-6185 - Cashier Memo - 8/29/2018 City of _ MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: August 29, 2018 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6185 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING 1. Performance Bond in the amount of$133,000.00 2. Payment Bond in the amount of$70,000.00 3. 5% Performance Security a. Check in the amount of$7,000.00 (United Security Bank No 005300) 4. Document preparation fees deposit into 180503 10101 34559 a. Check in the amount of$4,478.00 (United Security Bank No. 005299) 5. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$55,379.12 (United Security Bank No. 005301) 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684 Thank you, Jonathan Bartel City of MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: August 27, 2018 TO: HEIDI BRIGGS RECEIVED Personnel Services Department FROM: JONATHAN BARTEL CITY OF FRESNO Public Works Departmentr4onnel Services SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 6185 Attached are original bonds required for the subdivision agreement for the Final Map. Please review the following bonds for conformity to City acceptance policies: 1 Performance Bond in the amount of: $133,000.00 2. Payment Bond in the amount of: $70,000.00 If you have any questions, please contact me at 621-8684. RISK MANAGEMENT 0_IJSION Approved [d' Thank you, ppnedroved wl hanges U gt3ete Jonathan artel J P �-'J subury�lM penead+�� t10181AIG 00'4' ""w�IBIY Bond No.: 070025672 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and Copper River Ranch Villages, LLC, a California Limited Liability Company ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No._ 6185 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore we the principal and Liberty Muival insurance Company _. as surety, are held and firmly bound unto the City of Fresno ("City") in the penal sum of One Hundred Thirty Three Thousand bollars and 00/100dollars ($ 33,000.00 } lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless City, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been d, # executed by the principal and surety above named, on August 14 20 Principa er River R ch Villages, LLC, a California Limited Liability Company By: rincipal) Surety: Liberty Mutual Insurance Company , (Surety) f Bonnie Gonzalez ❑ y CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT Civil Code § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California } j ss County of Fresno y 04Z_. `� - � ,.,ZN�y before me, Lyn Genito, Notary Public, personally appeared Bonnie Gonzalez , who proved to me on the basis of satisfactory evidence to be the persons} whose namek4 is/afe subscribed to the within instrument and acknowledged to me that #e/she/#+ey executed the same in W+s/her/# w* authorized capacity4e54, and that by #+s/her/th.ef signature4&} on the instrument the personk4, or the entity upon behalf of which the persons}acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. LYN GENITO I' Commission#2094223 Notary Public-0�liiornia Fresno County = Idly CCmm.ExplreS Janes 1 Signature: (Seal) Lyn Genito, to blit ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno On August 14, 2018 before me, Andrea Ann McFadden, Notary Public (insert name and title of the officer) personally appeared Steven F. Hertel who proved to me on the basis of satisfactory evidence to be the persono whose name is/kt6 subscribed to the within instrurnent and acknowledged to me that he/"/t�4y executed the same in his/hy/tl 6ir authorized capacity(ij), and that by his/P(er/tgdir signature() on the instrument the persontY, or the entity upon behalf of which the personM acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. ANDREA ANN MCFADDEN WITNESS my hand and official seal. NOTARY PU13LIC-CALIFORNIA m COMMISSION N 2229445 FRESNO COUNTY `i My Comm.Exp,January 31,20221 Signatu( _ I i r ;,- ? _ (Seal) THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No 8165671 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the Slate of Indiana(herein collectively called the`Companies').pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Cady Lyman;Ftalph B.Busch ill;John C.day;Steven P.Edwards;Lyn Genifo; Bonnie Gonzalez �– all of the city of Fresno state of CA each individually if there be more than one named,its true and lawful attorney-in-fact to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as its act and deed,any and all undertakings,bonds,recognizances and other surety obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 27th day of July , 2018 ]� 0145ij�r ,, sMp��r The Ohio Casualty Insurance Company y M Liberty Mutual Insurance Company aNi 10'9 1912 1991 - ID 15Westricafl Insurance Company O G) x + By: eur °1• STATE OF PENNSYLVANIA ss David M.Carey;.Asslslan—Secretary +_+ COUNTY OF MONTGOMERY C �G`1 0) On this 27th day of_July_ 2018,before me personally appeared David M,Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance v F- v O Company,The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes p therein contained by signing on behalf of the corporations by himself as a duly authorized officer. W � IN WITNESS WHEREOF;I have hereunto subscribed my name and affixed my notarial seal at King of Prussia,Pennsylvania,on the day and year first above written. O Q. a+ p PA3r COMMONWEALTH OF PENNSYLVANIA Co. N � g Notarial Seal �%ci l,c'""p�' N��%�{�[�C�R/ `~ L1"yTT.,n.e,ssion a Paslella,Notary Public By: O ion Twp.,Montgomery County Teresa Pastella,Notary Public 41_ Expires March 28,2021 3 JSyl.YW" Y 0 �Q Member,Pennsylvania Assorialion of Notaries O o .D �' a M C M This Power of Attorney is made and executed pursuant Ia and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual •N p Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: r O �N 4— ea ARTICLE IV—OFFICERS—Section 12,Power ofAttorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O C ��; to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, r y O c acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective E powers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so d p M executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attomey-in-fact under >.0 the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. t ARTICLE XIII–Execution of Contracts–SECTION 5.Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, E o? > L and subject to such limitations as the chairman or the president may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L M O O seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their 00 Z v respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so v executed such instruments shall be as binding as if signed by the president and attested by the secretary. to Certificate of Designation–The President of the Company,acting pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attomeys-in- fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization–By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds,shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renee C. Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, and West American Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full, true and correct copy of the Power of Attorney executed by said Companies, is in full force and effect and has not been revoked. IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies this day of 4— 2Q , 'if lil.Crj�, ¢y.liiSUh'd. �yitaSll"Y. Q.C•`��s����. �rF 7 ti •iF � 1917_ 1991 By: Renee C.tle start Secretary =* 192 of 200 LMS 12873 022017 Bond No.: 070025672 SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas the City Council of the City of Fresno, State of California, and Copper Fiver Ranch Villages, LLC , a California Limited Liability Company ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvements�ljWch agreement, identified as Subdivision Agreement for the Final Map of Tract No. is hereby referred to and made a part hereof; and Whereas, under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno ("City") to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. Now, therefore, the principal and Liberty Mutual Insurance Com any , as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, material men, and other persons employed in the performance of the agreement and referred to in Title 15 co mencin with S do 3082 of Part 4 of Division 3 of the Civil Code in the sum of Seventy T`housangcbo�lars an)d 00/100 dollars ($ $70,000.00 ), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been dul executed by the principal and surety above named, on August 14 20 18 Principal: per River Ranch Villages, LLC, a California Limited Liability Company By: r� Princi I) Surety. Liberty Mutual Insurance Company B . - 4,7 . " -r (Surety) ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno ) On August 14, 2018 before me, Andrea Ann McFadden, Notary Public (insert name and title of the officer) personally appeared Steven F. Hertel who proved to me on the basis of satisfactory evidence to be the person(s�whose narne(A is/41;6 subscribed to the within Instrument and acknowledged to me that helsj*ltl o executed the same in 11is11 rltJaae�ir authorized capacity(*), and that by hislh&ftl cj r signature(sryon the instrument the person(J, or the entity upon behalf of which the personX acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ANDREA ANN MCFADDEN NOTARYPUBLIC-CALIFORNIA �- COMMISSION•2229445 e FRESNO COUNTY F • My Comm,Ev,January 31,2022 t Signaturd-' '% is .�'oL (Seal) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT Civil Code § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California ) ss County of Fresno ) Jbefore me, Lyn Genito Notary Public, personally appeared Bonnie Gonzalez who proved to me on the basis of satisfactory evidence to be the person{4 whose name{4 is/a-Fe subscribed to the within instrument and acknowledged to me that 4e/she/they executed the same in 4i&/her/t4e* authorized capacity{+es , and that by la+s/her/theiFsignature{� on the instrument the person{sj, or the entity upon behalf of which the persons}acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. commission 0 2094223 I. !Votary Paic-Uitornia Frosno County �Vi Comm.Expires Jan 1G,2019 Signature: (Seal) Lyn Genito, Notary Publ c THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No. 8165672 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casually Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana(herein collectively called the"Companies"),pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Cody Lyman;Ralph 8.Busch III•Jahn C.Da •Steven P.Edwards'Lyn Genito'Bonnie Gonzalez all of the city of Fresno state of CA each individually if there be more than one named,its true and lawful attorney-in-fact to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as its act and deed,any and all undertakings,bonds,recognizances and other surety obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 27th day of Julys#8: - 7. co .,`.:•�•,,� .Y?::= .;;art y ;= S.,i�rF The Ohio Casualty Insurance Company N 4= s Liberty Mutual Insurance Company m 1912 r_• ` 1991 ti C � �. 5 West merican Insurance Company ,y df t '�. By: C STATE OF PENNSYLVANIA ss David M.Carey;Assirtanl Secretary 6- COUNTY OF MONTGOMERY c M O dOn this 27th day of July 2018 before me personally appeared David M.Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance L)t-- w 7 Company, The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes >,U) O_ therein contained by signing on behalf of the corporations by himself as a duly authorized officer. M % E G� > IN WITNESS WHEREOF,I have hereunto subscribed my name and affixed my notarial seal at King of Prussia,Pennsylvania,on the day and year firs(above written. 0 a y yp PAS,. COMMONWEALTH OF PENNSYLVANIA ICD Notarial Sea: W L111-T. a Pasleita.Notary Public By. 11C�!{ii..����-�� Od ionTwp.,Montgomery County Teresa Pastella,Notary Public Or ssion Expires March 2£,2021 3 (C 0 x'4YL� E r � " Member,Pennsylvania Association of Notaries a O C M This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual 0 p 66' Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: r m L ARTICLE IV—OFFICERS—Section 12.Power of Attorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O e a; to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, r d O,S acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective E ai powers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so d executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attomey-in-fact under >.0 the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. t M C ARTICLE XIII—Execution of Contracts—SECTION 5.Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, 00 > and subject to such limitations as the chairman or the president may prescribe,shall appoint such altomeys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L M p = seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their a-o? Z respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so 010 executed such instruments shall be as binding as if signed by the president and attested by the secretary. c0 Certificate of Designation—The President of the Company,acfing pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attomeys-in- fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization—By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds,shall be valid and binding upon the Company with the same force and effect as though manually affixed. 1, Renee C. Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, and West American Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full, true and correct copy of the Power of Attorney executed by said Companies, is in full force and effect and has not been revoked. IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies this day of .2 . 19121991 By: `,- By' 1 j Renee C Llew2i, .Assist:nl Secretary 193 of 200 LMS 12873 022017 8/27/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Liberty Mutual Insurance Company A.M.Best#: 002283 NAIC#:23043 FEIN#: 041543470 Domiciliary Address Anmetr tb,g*RaW4 175 Berkeley Street qllcaEsr Boston, MA 02117 A B(°491le'n United States Assigned to insurance companies that have, in our Web: opinion, an excellent ability to www.LibertyMutualGroup.com meet their ongoing insurance Phone: 617-357-9500 obligations. Fax: 617-574-5955 View additional news, reports and products for this company. Based on A.M. Best's analysis, 051114 - Liberty Mutual Holding Company Inc. is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure. Best's Credit Ratings Financial Strength Rating View Definition Rating: A (Excellent) Affiliation Code: p (Pooled) Financial Size Category: XV ($2 Billion or greater) Outlook: Stable Action: Affirmed Effective Date: May 16, 2018 Initial Rating Date: June 30, 1922 Long-Term Issuer Credit Rating View Definition Long-Term: a Outlook: Stable Action: Affirmed lit[p:llratings.amk)est.comlCoti)panyProfle.aspx?ambnum=2283&URatingld=2392449&b1=0&Alt5rc=9&PPP=&AltNum=O&Exl—User=&Ext_Misc=&Port... 115 8/27/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Effective Date: May 16, 2018 Initial Rating Date: November 23, 2004 u Denotes Under Review Best's Rating Best's Credit Rating Analyst Rating Issued by: A.M. Best Rating Services, Inc. Senior Financial Analyst: Gregory Dickerson Senior Director: Michael J. Lagomarsino, CFA, FRM I Disclosure Information Disclosure Information Form View A.M. Best's Rating Disclosure Form Guarantor(s) - also see the Rating Disclosure Form for the following companies, as they guarantee rated debt issues for this company. 051114- Liberty Mutual Holding Company Inc. Press Release A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc. and Its Subsidiaries May 16, 2018 Rating History A.M. Best has provided ratings & analysis on this company since 1922. Financial Strength Rating Effective DateRating 5/16/2018 A 3/8/2017 A 10/8/2015 A 9/24/2014 A 8/14/2013 A Long-Term Issuer Credit Rating http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AItSrc=9&PPP=&AItNum=O&Ext User=&Ext Misc=&Port... 2/5 8/27/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Effective DateRating 5/16/2018 a 3/8/2017 a 10/8/2015 a 9/24/2014 a 8/14/2013 a Rated Issues Issue Credit Ratings Date Effective Outlook I Amount Coupon Issue TypeRating Issued Date Implication 05/11/1995 150,000,000 USD 8.505% Surplus bbb+ 05/16/2018 StableNotes 10/09/1997 500,000,000 USD 7.697% Surplus bbb+ 05/16/2018 Stable Notes 10/16/1996 250,000,000 USD 7.875% Surplus bbb+ 05/16/2018 Stable Notes (i) Denotes Indicative Rating and/or Preliminary Credit Assessment (PCA) Related Financial and Analytical Data The following links provide access to related data records that A.M. Best utilizes to provide financial and analytical data on a consolidated or branch basis. AMB# Company Name Company Description 087060 Liberty Mutual Insurance Represents the Property/Casualty financials for the Canada Branch Company CAB of this legal entity. Best's Credit Reports I-,Best's Credit Report -Where applicable, includes Best's Financial Strength Rating and rationale along with comprehensive analytical commentary, detailed business overview and key financial data. Report Revision Date: 6/1/2018 (represents the latest significant change). I Historical Reports are available in Best's Credit Report Archive. http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&U Rating Id=2392449&bl=0&AltSrc=9&PPP=&AltNum=O&Ext_User=&Ext_M isc=&Port... 3/5 8/27/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center View additional news, reports and products for this company. Press Releases Date Title May 16,2018 A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries May 02,2017 A.M. Best Removes from Under Review with Developing Implications,Affirms Credit Ratings of Ironshore Inc.and Its Subsidiaries Mar 08,2017 A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Aug 19,2016 A.M.Best Affirms and Withdraws Ratings of Liberty Mutual Insurance Europe Limited Oct 08,2015 A.M.Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Sep 24, 2014 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Apr 17,2014 A.M. Best Affirms Ratings for Republic Indemnity Company of America and Its Affiliates Aug 14, 2013 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Jul 26,2012 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries May 04, 2012 A.M. Best Assigns Ratings to Liberty Mutual Group Inc.'s New Senior Unsecured Notes 1 2 3 Page size: 10 23 items in 3 pages Find a Best's Credit Rating Enter a Company Name Go Advanced Search How to Get a A+ Bests Credit Rating Best's Credit Ratings r Moble App L European Union Disclosures A.M. Best-Europe Rating Services Limited (AMBERS),a subsidiary of A.M. Best Rating Services, Inc., is an External Credit Assessment Institution (ECAI)in the European Union (EU).Therefore, Credit Ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006/48/EC. Australian Disclosures A.M. Best Asia-Pacific Limited (AMBAP),Australian Registered Body Number(ARBN No.150375287), is a limited liability company incorporated and domiciled in Hong Kong.AMBAP is a wholesale Australian Financial Services(AFS)Licence holder(AFS No. 411055)under the Corporations Act 2001. Credit Ratings emanating from AMBAP are not intended for and must not be distributed to any person in Australia other than a wholesale client as defined in Chapter 7 of the Corporations Act.AMBAP does not authorize its Credit Ratings to be disseminated by a third-party in a manner that could reasonably be regarded as being intended to influence a retail client in making a decision in relation to a particular product or class of financial product.AMBAP Credit Ratings are intended for wholesale clients only, as defined. http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AItSrc=9&PPP=&AItNum=O&Ext_User=&Ext_Misc=&Port... 4/5 8/27/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Credit Ratings determined and disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst. 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Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED. http://ratings.ambest.com/CompanyProfiile.aspx?ambnum=2283&URatingld=2392449&bl=0&AltSrc=9&PPP=&AltNum=O&Ext User=&Ext Misc=&Port. . 5/5 8/27/2018 Company Profile CALIFORNIA DEPARTMENT OF INSURAND]i COMPANY PROFILE Company Profile Company Search Company Information Company Information LIBERTY MUTUAL INSURANCE COMPANY Old Company 175 BERKELEY ST Names BOSTON, MA 02116 Agent for Service 800-526-1547 Reference Information Old Company Names Effective Date NAIC Group List Lines of Business Agent For Service Workers' Compensation KARISSA LOWRY Complaint and 2710 GATEWAY OAKS DRIVE Request for SUITE 15ON Action/Appeals SACRAMENTO CA 95833 Contact Information Financial Statements Reference Information PDF's Annual Statements Quarterly NAIC #: 23043 Statements California Company ID #: 1022-3 Company Complaint Company Date Authorized in California: 08/30/1929 Performance& Comparison Data License Status: UNLIMITED-NORMAL Company Company Type: Property &Casualty Enforcement Action 1 11 Composite State of Domicile: MASSACHUSETTS Complaints Studies Additional Info back to top Find A Company Representative In Your Area NAIC Group List View Financial Disclaimer NAIC Group # 0111 LIBERTY MUT GRP Lines Of Business The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the glossary. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LIABILITY MARINE MISCELLANEOUS PLATE GLASS hfps://interactive.web.insurance.ca.gov/companyprofile/companyprofiile?event=companyProfiile&doFunction=getCompanyProfile&eid=3090 1/2 8/27/2018 Company Profile SPRINKLER SURETY TEAM AND VEHICLE WORKERS' COMPENSATION back to top © 2008 California Department of Insurance https'I/interactive.web.insurance.ca.govlcompanyprofflelcompanyprofile?event---companyProflle&dciFunOon=getCompanyProfile&eid=3090 2/2 . _ UNITED SECURITY BANK N.A. 005300 COPPER RIVER RANCH VILLAGES, LLC 7088 N FRESNO STREET 11861 N ALICANTE DRIVE FRESNO,CA 93720 FRESNO,CA 93730-7003 90-4149/1211 08/14/18 PAY TO THE City of Fresno ORDER OF *****7, 000 . 00* *SEVEN THOUSAND DOLLARS AND NO CENTS DOLLARS City of Fresno Dev and Resource Mgmt 2600 Fresno St . Fresno CA 93721 MEMO 0003001 - -- 11.00530011' 1: L2LL41495i: 002 L2766n' ~` �--- COPPER RIVER RANCH VILLAGES, LLC UNITED SECURITY BANK N.A.7088005299 7088 N FRESNO STREET 3720 11861 N.ALICANTE DRIVE FRESNO.CA 90-4149!121111 FRESNO,CA 93730-7003 08/14/18 PAY TO THE City of Fresno *****4 , 478 . 00* ORDER OF $ *FOUR THOUSAND FOUR HUNDRED SEVENTY EIGHT DOLLARS AND NO CENTS DOLLARS City of Fresno i Dev and Resource Mgmt 2600 Fresno St . Fresno CA 93721 MEMO 0003001 _ .... _... - ... ..._._.... n■005 29911' l: L 2 L L4 L495i: 002 L 2746611' ; . . - 005301 /�� r UNITED SECURITY BANK N.A. U O 5 3 01 COPPER RIVER RANCH VILLAGES, LLC 7088 N FRESNO STREET �J VVV FRESNO,CA 93720 11861 N ALICANTE DRIVE 90-4149!1211 FRESNO,CA 93730-7003 08/14/18 PAY TO THE City of Fresno $* **55 , 379 . 12* ORDER OF *FIFTY FIVE THOUSAND THREE HUNDRED SEVENTY NINE DOLLARS AND 12 CENT-S DOLLARS City of Fresno Dev and Resource Mgmt 2600 Fresno St. Fresno CA 93721 1 000300 MEMO _. _. _..- .. u■00530LII' l: L2LLL L495I: 002 L27 [-16