“Combat” is, sadly, an appropriate verb to describe what public entities must engage in as they battle the spiraling cost of insurance. The public sector seems constantly pressed to “do more” and often with less. So, having to redirect funds to cover the ever-increasing insurance premiums that would otherwise support [...]
“Combat” is, sadly, an appropriate verb to describe what public entities must engage in as they battle the spiraling cost of insurance. The public sector seems constantly pressed to “do more” and often with less. So, having to redirect funds to cover the ever-increasing insurance premiums that would otherwise support [...]
At their May board meeting, the GSRMA Board analyzed GSRMA’s 24/25 Actuarial studies for both the General Liability and Workers’ Compensation programs. They then applied the current funding levels of the pool against the Capital Target Reserve policy to determine if there were funds available for a dividend. Based on the [...]
Change is often good…but rarely easy! That pretty much sums up our recent foray into software and systems upgrades! The Need for Upgrade We started our journey over two years ago. We had been using the same claims and pool management programs for more than twelve years. And we originally [...]
The insurance landscape across the United States, particularly in California, is in turmoil. What's increasingly being referred to as a 'crisis' has evolved over recent years and shows little sign of easing. A mix of natural disasters, large legal settlements, challenging regulations, and inflation has led to an unstable insurance [...]
With COVID-19 cases on the rise and flu season approaching, COVID-19 stands ready to wreak havoc on unprepared employers. While we celebrate the 6-month anniversary of the lifting of California's COVID-19 State of Emergency in February, employers need to recognize that COVID-19 still presents challenges. In the last two months, [...]
Playgrounds provide children with opportunities for physical activity, socialization, and imaginative play. However, unsafe playground conditions put children at risk for injury. According to the Consumer Product Safety Commission (CPSC), approximately 200,000 children go to U.S. hospital emergency departments each year for injuries associated with playground equipment. Of these, an [...]
Payroll audits and premium “true-ups” are standard in the insurance and risk pool arena – especially when it comes to workers’ compensation insurance. While this is just a small part of a carrier’s or risk pool’s process to charge adequate but competitive premiums to their clients or members, it may be [...]
The acceleration of insurance cost increases in California is alarming. Insurance rates for property and liability continue to increase significantly year over year, not only for GSRMA, but for all risk pools and carriers in the State. Globally, insurers’ appetite for financing risk, especially in California, has diminished as the [...]
Many public employees take for granted that their health insurance coverage will come from their employer. The district chooses the insurance provider they want to work with, and employees simply select one of the plans available to them. The process is simple. However, if you’re the person deciding which insurance [...]