HomeMy WebLinkAboutMINUTES - 06141988 - 1.91 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS DATE: June 14, 1988
FROM: cc:
Perfecto Villarreal , Executive Director
SUBJECT:
INSURANCE UPDATE
I. RECOMMENDED ACTION:
Review update on General Liability, Automobile Liability, Public Officials
Errors and Omissions Liability and Fire and Extended Coverage insurance carried by
the Housing Authority of the County of Contra Costa. %
II. FINANCIAL IMPACT:
None.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
General Liability insurance for the Housing Authority of the County of Contra
Costa is through the California Housing Authority Risk Management Agency (CHARMA).
The Housing Authority has a $1,000,000 per occurrence policy with a $25,000
deductible per occurrence. Additionally, through CHARMA, the Housing Authority now
carries Excess Insurance from $500,000 to $5,000,000 through Housing Authorities Risk
Retention Group (HARRG). During the 1987/88 Fiscal Year one loss, amounting to
$833.32, was paid.
Automobile Liability insurance for the Housing Authority of the County of
Contra Costa is carried through Financial Indemnity. During the 1987/88 Fiscal Year
employees had several small accidents in Housing Authority vehicles and two losses,
amounting to $2,296.99, were paid.
Public Officials Errors and Omissions Liability is carried through both
California Housing Authority Risk Management Agency and a Lloyd's of London policy.
During the 1987/88 Fiscal Year no losses were paid.
Since November 1, 1987, the Housing Authority of the County of Contra Costa has
been carrying its Fire and Extended Coverage on the housing developments through the
California Housing Authority Risk Management Agency. This policy has a $500,000 per
occurrence limit, with a $10,000 per occurrence deductible. During Fiscal Year
1987/88 losses amounting to $34,625 were paid.
CONTINUED ON ATTACHMENT: YES SIGNATURE: "
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATI N OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON June 14 , 1988 APPROVED AS RECOMMENDED _X OTHER
VOTE OF COMMISSIONERS
X..._ UNANIMOUS (ABSENT --- ) I HEREBY CERTIFY THAT THIS A TRUE AND
AYES: NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
CC: County Administrator ATTESTED _ June 14 , 1988
County Counsel Phil Batchelor, Clerk of the
Housing Authority Board of Commissioners
M382/7-93 BY , DEPUTY
A
Board of Commissioners
JunE 14, 1988
Page -2-
The Fire and Extended Coverage for the Central Office building of the Housing
Authority is through Continental Insurance Company. During Fiscal Year 1987/88 no
losses were experienced.
IV. CONSEQUENCES OF NEGATIVE ACTION:
None,