$3.50M

Pays $3.5M for excess property and liability coverage and $967,000 for excess workers' comp coverage

The board approves 2022-2023 insurance membership payments to two joint powers authorities (groups of public agencies that pool risk). Excess workers' compensation coverage through PRISIM costs $967,000.00, and excess property and liability coverage through Northern California ReLiEF JPA costs $3,502,288.00. The text gives no combined total.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Vendor / partner: Northern California ReLiEF JPA
Action: Other
Category: Legal, compliance & risk
Term: Jul 1, 2022 – Jun 30, 2023
This vote: $3,502,288
Presented by: Chief Financial Officer
File: 22-1633 · agenda V.-4
Outcome: Adopted on the General Consent Report, Jun 22, 2022

Official text

Approval by the Board of Education of payment of membership contributions (premium), Fiscal Year 2022-2023, for Excess Workers’ Compensation Coverage, procured from Public Risk Innovation, Solutions, and Management (PRISIM), a Joint Powers Authority (JPA”), through Alliant Insurance Services, Inc., Newport Beach, CA (Broker), in the amount of $967,000.00 and for Excess Property and Liability Coverage through Northern California ReLiEF JPA, managed by Keenan & Associates, Torrance, CA (Broker), in the amount of $3,502,288.00, respectively.

History

Jun 22, 2022 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.