HomeMy WebLinkAboutMINUTES - 07141992 - 1.97 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA 97
T0:
BOARD OF COMMISSIONERS DATE: July 14, 1992
FROM: Richard J. Martinez, Acting Interim Executive Director
INSURANCE UPDATE
SUBJECT:
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. Excess insurance from $500,000 to $5,500,000 is through
Housing Authorities Risk Retention Group (HARRG) . During the 1991/92 Fiscal Year
two losses, amounting to $6,156.00 were paid.
Automobile Liability insurance for the Housing Authority of the County of
Contra Costa is carried through Northbrook Property & Casualty Co. The Housing
Authority has a $500,000 combined single limit, with excess insurance from $500,000
to $1,000,000 through HARRG. During the 1991/92 Fiscal Year employees had several
small accidents in Housing Authority vehicles and two losses, amounting to $2,590.50,
were paid.
Public Officials Errors and Omissions Liability is carried through CHARMA, with
excess insurance from $250,000 to $1,000,000 through HARRG. During the 1991/92
Fiscal Year no losses occurred.
Fire and Extended Coverage insurance for the Housing Authority of the County of
Contra Costa is through CHARMA and the Housing Authorities Property Insurance (HAPI) ,
a divisions of HARRG. The Housing Authority has a $250,000 annual aggregate stop
loss, with a $2.0,0.00 deductible per occurrence. Excess insurance from $250,000 to
$55,329,000 is through Travelers Insurance Company. During f-i ;cal Year 1991/92 one
loss, amounting to $13,362.00, was paid.
CONTIMUKD ON ATTACHMENT:-YES 8110NATVPE� '
RECOMMENDATION OF EXECUTIVE DIRECTOR W,._, RECOMMENDATIO I BOARD O&MITT99
APPROVE: OTHER
SIGNATURE(S)
ACTION Or BOARD ON APPROV<D AR RECOMM[NDED OTHER
YOT[ OF COMMISSIONERS
UNANIMOUS (ASSENT ) 1 HEREBY CERTIFY THAT THIS A TRUE AND
AYES: NOESI CORRECT COPY OF AN ACTION TAKEN AND
ABBENTI ABSTAIN: ENTERED On THE AINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
CCI ATTESTED
P Ba helor. Clerk of the
Board of Commissioners
Ma®air�es BY . DEPUTY
Board of Commissioners
July 14, 1992
Page -2-
In 1992 the Housing Authority added Law Enforcement insurance for its security
contracts with the Contra Costa County Sheriff's Department and F & J Security
Patrol . This insurance coverage was added through CHARMA and HARK as a precaution.
The law enforcement insurance carries a $25,000 deductible, with a coverage limit of
$1,000,000.
The Fire and Extended Coverage for the Central Office E,uilding of the Housing
Authority is through Christiania General Insurance Group. Ciiring Fiscal Year 1991/92
no losses were experienced.
IV. CONSEQUENCES OF NEGATIVE ACTION:
None.