|
The CALIFORNIA
JOINT POWERS INSURANCE
AUTHORITY was
created by the members, for the members. When the insurance industry
abandoned cities in the mid-1970s, a group of 33 progressive cities
joined together to form the CALIFORNIA
JPIA for the purpose of providing liability protection for its
members. Today the CALIFORNIA JPIA
is one of the largest municipal self-insurance pools in the state.
The CALIFORNIA
JPIA has an investment portfolio of over $170 million.
Funds are conservatively invested according to a policy reviewed
and adopted annually by the Executive Committee. Each year the financial
records are audited, and an independent actuarial evaluation of
the reserves is conducted to ensure the continued financial ability
for the members to protect themselves.
The members take an active role in determining the programs and
services that will be provided. Councilmembers, city managers, finance
officers and risk managers all participate in setting the direction
for the organization to ensure that it continues to be on the cutting
edge in serving the members.
A Board of Directors, consisting of one elected official appointed
by each Member Agency, governs the CALIFORNIA
JPIA. The Board elects a President, Vice President and seven
Members of the Executive Committee, which meets monthly to supervise
and conduct Authority affairs. The Executive Committee has an advisory
City Managers Committee that meets monthly and a Finance Officers
Committee that meets quarterly. A full-time staff headed by an Executive
Director, employed by the Executive Committee, handles the day-to-day
business of CALIFORNIA JPIA.
The CALIFORNIA JPIA works with
the members to reduce the frequency and severity of claims.
Through risk analysis and continuous education, the CALIFORNIA JPIA
helps its members identify exposures and prevent losses. Each CALIFORNIA
JPIA member agency is assigned a professional Risk Consultant to serve its specific
needs and to help the agency determine its risk management strategy.
Training is a major element of CALIFORNIA
JPIA's risk management philosophy and an important asset for its members.
CALIFORNIA JPIA offers extensive year-round training
in critical issues facing agencies today such as violence in the workplace, sexual
harassment, driver's awareness, care of the back, confined space entry, ergonomics
and other specialized areas found to present large exposures to the members.
|