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 [...]
It’s no secret to the volunteer fire protection districts of California that volunteerism is in a lull to say the least. Establishing a cadet program within a public volunteer fire district is an opportunity to nurture future firefighters while protecting the district's interests. Understanding Legal Frameworks Let’s just start off [...]
Properly Scheduled Property – And Why It Matters to Your Public Agency The fun and excitement of buying new property is often tempered by the act of notifying the insurance company – that is often the painful part! Public entities are not immune to this pain, especially as insurance costs [...]
Today’s public entity risk pools have many moving parts. A pool isn’t just about collecting contributions and administering claims. Pools have grown and matured over the years and thus offer many services to their members, including proactive loss prevention and risk control, legal consulting and review, training, financial assistance, and [...]
Author: Sarah Bishop, PRISM Underwriting Manager Despite historically hard general liability market conditions, PRISM successfully renewed the GL1 Program on July 1, 2023 with more than a 98% member retention. While rates unfortunately increased, we were able to maintain the $25 million per occurrence program limits. Coverage remained as expiring [...]
At the May GSRMA board meeting, the board voted to amend the current JPA bylaws. These changes were made in efforts of maintaining pool flexibility while also adding needed areas for accreditation compliance. An overview of the changes include: Confirms that the Board can make an exception to the requirement [...]
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 [...]
Protecting your agency against ransomware attacks is of utmost importance in today's digital landscape. This article will provide you with key information on safeguarding your organization through the use of backups and best practices. We will explore the critical role of backups in preventing ransomware attacks, how threat actors attempt [...]
During the May meeting of the GSRMA Board of Directors, the Board gave its approval for the 22-23 Risk Management Accreditation Program (RMAP) awards. This program, which is voluntary, was created to assist our member agencies in adopting best practices and ensuring regulatory compliance. GSRMA members who actively engage in [...]
After a long hiatus due to focusing on the COVID-19 Pandemic, Cal/OSHA is again revisiting an Indoor Heat Illness Standard. The standard is currently under a 45-day Public Comment Period, with the Cal/OSHA Standards Board having a public hearing May 18th, 2023. Barring changes from the public hearing, the standard has [...]