$3.88M

Pays $806,000 and $3,875,121 in 2023-24 premiums for excess workers' comp and property/liability coverage

The board approves 2023-24 payments for two kinds of excess insurance. Excess workers' compensation coverage costs $806,000 through the Public Risk Innovation, Solutions, and Management (PRISIM) Joint Powers Authority. Excess property and liability coverage costs $3,875,121 through the Northern California ReLiEF Joint Powers Authority. 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, 2023 – Jun 30, 2024
This vote: $3,875,121
Presented by: Chief Financial Officer
File: 23-1673 · agenda T.-12
Outcome: Adopted on the General Consent Report, Jun 28, 2023

Official text

Approval by the Board of Education of payment of membership contributions (premium), Fiscal Year 2023-2024, 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 $806,000 and for Excess Property and Liability Coverage through Northern California ReLiEF JPA, managed by Keenan & Associates, Torrance, CA (Broker), in the amount of $3,875,121.00, respectively.

History

Jun 28, 2023 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.