HomeMy WebLinkAboutMINUTES - 06071994 - 1.65 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Richard J. Martinez, Executive Director
DATE: June 14, 1994
SUBJECT: INSURANCE UPDATE
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
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, the Housing Authority carries Excess
Insurance from $500,000 to $5,500,000 through Housing Authorities Risk Retention
Group (HARRG) . During the 1993/94 Fiscal Year one loss, amounting to $1,030.00 was
paid.
Automobile Liability insurance for the Housing Authority of the County of
Contra Costa is carried through Northbrook National Insurance Company. Additionally,
the Housing Authority carries Excess Insurance from $500,000 to $1,000,000 through
Housing Authorities Risk Retention Group (HARRG) . During the 1993/94 Fiscal Year
employees had two small accidents in Housing Authority vehicles and one loss,
amounting to $1,491.37 was paid.
Public Officials Errors and Omissions Liability is carried through California
Housing Authority Risk Management Agency, with excess insurance through Housing
Authorities Risk Retention Group (HARRG) . During the 1993/94 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 division of Housing Authorities Insurance :(HAI) . The Housing Authority has a
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON �L 7 � 9�1`-I- APPROVED AS RECOMMENDED ✓ OTHER
VOTE OF COMMISSIONERS
/ I HEREBY CERTIFY THAT THIS IS A
✓. UNANIMOUS (ABSENT Z 1 TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSIONERS ON THE DATE SHOWN.
ATTESTED �g y
Pf L BATCH OR, CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY � / , DEPUTY
�I
Board of Commissioners
July 14, 1994
Page -2-
$100,000 annual aggregate stop loss, with a $20,000 deductible per occurrence.
Excess Insurance from $1,000,000 to $61,589,000 is through Travelers Insurance
Company. During Fiscal Year 1993/94 two losses, amounting to $8,733.00, were paid.
The Fire and Extended Coverage for the Central Office building of the Housing
Authority is through Christiania General Insurance Group. During Fiscal Year 1993/94
no losses were experienced.
The All-Risk Personal Property Coverage for the Housing Authority, with limits
of insurance at $870,000, is carried through Christiania General Insurance
Corporation. During Fiscal Year 1993/94 no losses were experienced.
IV. CONSEQUENCES OF NEGATIVE ACTION:
None.