HomeMy WebLinkAboutMINUTES - 07151997 - C56 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Richard J. Martinez,Executive Director
DATE: July 15, 1997
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.
II. FINANCIAL IMPACT:
None.
III. REASONS FOR RECOMMENDATIONBACKGROUND
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.Rich Miller. During the 1995/96 Fiscal Year one loss,amounting to$14,561.00
was paid. 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 occurences in excesses 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 affords us Combined Single Limit Liability in the
amount of$1,500,000. ISU of San Francisco is our agent and Tracy Burns is our Account Manager. This insurance renews in
October of each year. During the 1995/96 Fiscal Year no losses were paid out.
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON I��9� APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS U
/ I HEREBY CERTIFY THAT THIS IS A
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 k� 15. 1997
IL B TC LOR,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY ,DEPUTY
bo-ins
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.During
the 1995/96 Fiscal Year no losses were paid out.
BOILER AND MACHINERY COVERAGE
The Travelers Insurance Company carries this insurance,on the boiler at CA011011,through H.I.S. The policy limit is
$50,000,000 with a$1,000 deductible.This policy renews in May of each year.During the 1995/96 Fiscal Year no losses were
paid out.
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.During the 1995/96 Fiscal Year no losses were paid out.
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.During the 1995/96 Fiscal
Year no losses were paid out.
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.During the
1995/96 Fiscal Year no losses were paid out.
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 party administrator(TPA)and Michelle Partida is the lead adjuster
assigned to this Housing Authority. This insurance renews in January of each year.
bo-ins