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HomeMy WebLinkAboutMINUTES - 06111996 - C84 _ , • ^' HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA TO: BOARD OF COMMISSIONERS FROM: Richard J. Martinez, Executive Director DATE: June 11, 1996 SUBJECT: HOUSING AUTHORITY INSURANCE SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION L RECOMMENDED ACTION: ACCEPT information regarding the Housing Authority of the County of Contra Costa's insurance. IL FINANCIAL IMPACT: None. III. REASONS FOR RECOMMENDATION/BACKGROUND California Housing Authority Risk Management Agency(CHARMA)carries the general liability insurance for the Housing Authority of the County of Contra Costa. The Housing Authority has a$500,000 per occurrence limit with a$25,000 Self-Insured Retention(SIR)through CHARMA. Excess insurance from $500,000 to $5,500,000 is carried through Housing Authorities Risk Retention Group(HARRG). Carl Warren&Co. is the third party administrator(TPA)for our general liability and the adjuster assigned to our claims is Mr. Steve Gooch. This insurance renews in June each year. Under this policy,the Housing Authority also enjoys the following: $100,000 per occurrence and$1,000,000 in the aggregate for occurrence in excess of our SIR of LAW ENFORCEMENT LIABILITY. $250,000 per occurrence and$1,000,000 in the aggregate for all occurrences in excess of our SIR of PUBLIC OFFICIALS' LIABILITY. AUTOMOBILE LIABILITY INSURANCE The automobile liability of the Housing Authority of the County of Contra Costa is carried through Fireman's Fund. Vehicles up to four years old are covered by collision. There is a$500 deductible on collision for covered vehicles and a deductible of$250 for comprehensive on all vehicles. Fireman's Fund afford us Combined Single Limit Liability in the amount of$1,500,000. ISU of San Francisco is our agent and Neal Marks is our Account Manager. This insurance renews in October of each year. CONTINUED ON ATTACHMENT: X YES SIGNATURE I 1 AA9� RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON June 11 , 1996 APPROVED AS RECOMMENDED X OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT ) 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 June 11, 1996 PHIL BATCHELOR,CLERK OF THE BOARD OF COMMISSIONERS AND COUNTY ADMINISTRATOR BY ,DEPUTY ALL RISK PROPERTY COVERAGE This insurance is carried through CHARMA and Housing Authorities Property Insurance(HAPI). Our policy has a total building and personal property replacement value of$62,667,000 with an on replacement per cost basis. Losses are to be reported to Rita E. Wade at H.I.S. and an adjuster is assigned for each loss. This insurance renews in June of each year. BOILER AND MACHINERY COVERAGE This insurance,on the boiler at CAO 11011, is carried through H.I.S . by the Travelers Insurance Company. The policy limit is $50,000,000 with a$1,000 deductible. This policy renews in May of each year. FIDELITY BLANKET POSITION BOND ITT Hartford carries this insurance for the Housing Authority with a limit of insurance per loss of$250,000 for employee dishonesty. The policy carries a$1,000 deductible. While the insurance is carried through ITT Hartford, H.I.S. arranged this coverage to insure that adequate fidelity insurance was available for the Housing Authorities insured by H.A.I. This policy renews in July of each year. VOLUNTEER AND COURT REFERRED VOLUNTEER INSURANCE These policies are carried through the CIMA Companies,Inc. The limit of insurance is $1,000,000 each occurrence or$3,000,000 annual aggregate for personal liability and property damage by volunteers. The accidental bodily injury portion per insured is $2,500,with a medical indemnity of$25,000. This insurance renews in July of each year. FEDERAL FLOOD INSURANCE The Housing Authority of the County of Contra Costa carries flood insurance on its Alhambra Terrace and Las Deltas developments. This insurance is through the National Flood Insurance Program and is brokered by Wasserman&Associates, Steven K.Berg,Agent. The policies are individual by unit and the limits of insurance are individual by unit, with the majority of the units being covered by$15,000 with a$1,000 deductible. This insurance renews in September each year. CALIFORNIA HOUSING WORKERS' COMPENSATION AGENCY Workers' Compensation Insurance for this agency is carried through CHWCA and is handled at the Housing Authority by Cathleen Hammonds. Athens Administrators is the third part administrator(TPA)and Michelle Partida is the lead adjuster assigned to this Housing authority. This insurance renews in January each year.