Ratifies up to $30,000 for Arcina Risk Group to trace old insurance coverage for legacy claims

The Board is ratifying (approving after the fact) a contract with Arcina Risk Group, LLC for "insurance archaeology," meaning research to identify historical insurance coverage that could apply to the district's older claims. The contract period began July 1, 2024, before this vote, and runs through June 30, 2025.

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

Vendor / partner: Arcina Risk Group, LLC · Los Angeles, CA
Action: New agreement
Category: Legal, compliance & risk
Term: Jul 1, 2024 – Jun 30, 2025
This vote: $30,000
Funding: Property & Liability
Resource / site: 9031-987
Vendor no.: 007942
Presented by: Chief Financial Officer
File: 24-2181 · agenda T.-15
Outcome: Adopted on the General Consent Report, Sep 25, 2024

Official text

Ratification by the Board of Education of a Services Agreement 2024-2025 by and between the District and Arcina Risk Group, LLC, Los Angeles, CA, for the latter to provide Insurance Archaeology - research and identify historical insurance coverage - to address District legacy claims, via Risk Management Department, for the period of July 1, 2024 through June 30, 2025, in an amount not to exceed $30,000.00.

History

Sep 25, 2024 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.