Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90Seattle City Light 2015 Annual Report 45 THE CITY OF SEATTLE—CITY LIGHT DEPARTMENT NOTES TO FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 - 45 - occurrence in the aggregate. Effective June 1, 2014 the limit was increased to $60.0 million. The Department had no settled claims exceeding coverage in the last three years. The City also purchased an all risk comprehensive property insurance policy that provides $500.0 million in limits subject to various deductible levels depending on the type of asset and value of the building. This includes $100.0 million in earthquake and flood limits. Hydroelectric and certain other utility producing and processing projects are not covered by the property policy. The City also purchased insurance for excess workers’ compensation, fiduciary and crime liability, inland marine transportation, volunteers, and an assortment of commercial general liability, medical, accidental death and dismemberment, and miscellaneous policies. Bonds are purchased for public officials, public notaries, pension exposures, and specific projects and activities as necessary. The changes in the provision for injuries and damages at December 31, 2015, 2014, and 2013 are as follows: ($ in millions) 2015 2014 2013 Beginning unpaid claims liability 12.9 $ 11.7 $ 11.5 $ Payments (5.2) (3.1) (5.0) Incurred claims 5.1 4.3 5.2 Ending unpaid claims liability 12.8 $ 12.9 $ 11.7 $ The provision for injuries and damages included in current and noncurrent liabilities at December 31, 2015, 2014, and 2013 is as follows: ($ in millions) 2015 2014 2013 Noncurrent liabilities 8.7 $ 8.9 $ 8.6 $ Accounts payable and other current liabilities 4.1 4.0 3.1 Total liability 12.8 $ 12.9 $ 11.7 $ 10. ACCOUNTS PAYABLE Accounts Payable and Other Current Liabilities—The composition of accounts payable and other current liabilities at December 31, 2015 and 2014, is as follows: ($ in millions) 2015 2014 Vouchers payable 51.1 $ 38.4 $ Power accounts payable 23.5 22.6 Taxes payable 9.4 7.8 Claims payable 16.4 27.7 Guarantee deposit and contract retainer 3.0 2.5 Other accounts payable 3.2 2.3 Total 106.6 $ 101.3 $