Loading...
2023/24 Liability Program - Summary of Coverage & Ins. Companies�3(1t�1 �v11,11FORNIA ML CALIFORNIA J P , I , A Protection period: July 1, 2023 to July 1, 2024 Overview..................................1 -2 Detail ..................................... 3-1 1 Coverage Tower . . ..........................12 Schedule of Insurers ....................13-15 Providing innovative risk management solutions for our public agency partners LIABILITY PROGRAM July 1, 2023 Program Li mi $4 exp Protection Period Jul Protects A. B. Covers Le be 1. 2. 3. 4. 5. 6. 7. 8. Limits LI $5 LI $5 Major Exclusions RE 1. 2. 3. 4. 5. 6. 7. 8. 9. Overview LP 23 (Supersedes LP 22) ability Protection Program losses have a self insured retention up to $30 Ilion. Reinsurance and excess insurance are purchased from $6 million to 5 million'.This program provides coverage for general liability and auto liability osures. y 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time California JPIA Members (including commissions, agencies, authorities, or similar entities that qualify in the definition of Member in the Memorandum of Liability Coverage); and Any person or entity defined in the Memorandum of Liability Coverage as a Protected Party. gal obligations to pay as damages by reason of tort liability imposed by law cause of one or more of these defined damages: Bodily Injury Property Damage Personal Injury Public Officials Errors and Omissions Broadcast/Publication Injury Employment Practices Injury Employee Benefits Administration Liability Termination of City Manager's Employment MITS PER MEMBER (Liability) 0,000,000 Per Occurrence Per Member MITS PER MEMBER (Subsidence) 0,000,000 Per Occurrence Per Member VIEW COVERAGE DOCUMENTS FOR ALL EXCLUSIONS Owned airport, aircraft, or watercraft; Workers Compensation or similar employment -related claims; Damage to owned or leased property, or property in the care, custody or control of the member; Dam failure in self -insured layers; Condemnation or Inverse Condemnation; Pollution/Hazardous Materials (limited coverage); Ionizing radiations or radioactive material (limited coverage); Failure to supply utility service; Medical care activities (limited coverage); THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Page 1 LIABILITY PROGRAM Overview Major Exclusions (Continued) 10. Use or operation of any railroad; Quiet Zones; wayside horns; 11. Wrongful termination, or failure to hire or promote (limited coverage); 12. Punitive damages; 13. Adoption or administration of an ordinance, land use entitlements; 14. Antitrust; 15. Equitable or similar actions not for monetary damages; 16. Loss of money, securities, or refunds; 17. Suits by a Member against a protected party; 18. Organic Pathogens 19. Cyber Liability Annual aggregate deductibles (AAD) of $3 million ($10M x $10M layer) and $2 million ($10M x $20M) apply to all losses up to $30 million. THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Paget LIABILITY PROGRAM Covered Parties Address Detail July 1, 2023 to July 1, 2024 California Joint Powers Insurance Authority and participating members 8081 Moody Street, La Palma, California 90623 Coverage $4,000,000 in excess of $6,000,000 Protection Period Coverage Provided By A.M. Best Rating California Status Limits Layer #: UA8T00012301 July 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time Government Entities Mutual (GEM) - 100% of Layer Government Entities Mutual (GEM) - Not rated Government Entities Mutual (GEM) - N/A The reinsurer supports the California Joint Powers Insurance Authority's $30,000,000 limit for $4,000,000 excess of $6,000,000 per occurrence per Protected Party Terrorism is limited to an annual aggregate of $4,000,000. Self -Insured Retention $6,000,000 Per Occurrence Defense Costs and Expenses Included within the Limits and Self -Insured Retention Coverage =Followsthe Memorandum of Liability Coverage (MOC — LP) Territory Follows the Memorandum of Liability Coverage (MOC — LP) THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev: 7/1/23 Page 3 LIABILITY PROGRAM Detail July 1, 2023 to July 1, 2024 All exclusions in the Memorandum of Liability Coverage (MOC — LP) apply. • Pool (exception applies), Association, Syndicate, Exchange, Plan, Fund or other facility directly as a member, subscriber or participant, or indirectly by way of reinsurance or assessments. • Insolvency fund, including any guarantee fund, association, pool, plan, or other facility • Nuclear • War • Pollution • Coverage written specifically to insure or reinsure punitive damages • Punitive, exemplary, consequential or compensatory damages • All reinsurance assumed by the Reassured, except internal pooling arrangements • Retroactive Coverage • Asbestos • Silica • Sanction Limitation and Exclusion • Organic Pathogens • Cyber Liability Carl Warren & Company P.O. Box 25180 Santa Ana, CA 92799-5180 Phone: (714) 572-5200, or (800) 572-6900 Fax: (714) 961-8131 Email: publicentityclaims@carlwarren.com Contract contains the full reporting requirements. Guy Carpenter Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago, IL Isabella Pang, Vice President; Chicago, IL James Turner, Vice President; Philadelphia, PA THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Page LIABILITY PROGRAM Detail July 1, 2023 to July 1, 2024 Covered Parties California Joint Powers Insurance Authority and participating members Address 8081 Moody Street, La Palma, California 90623 Coverage* $10,000,000 in excess of $10,000,000 Includes a $3,000,000 Annual Aggregate Deductible (AAD) Layer #: UA8T00012302 Protection Period July 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time Coverage Provided By Government Entities Mutual (GEM) 60% of Layer Midvale Indemnity Company 25% of Layer Continental Indemnity Company 15% of Layer A.M. Best Rating Government Entities Mutual (GEM) - Not rated Midvale Indemnity Company A (Excellent) Financial Size Category of XV ($2 Billion or Greater) Continental Indemnity Company A (Excellent) Financial Size Category of XI ($750 Million to $1 Billion) California Status I Government Entities Mutual (GEM) - N/A Limits Midvale Indemnity Company -Authorized Reinsurer Continental Indemnity Company -Authorized Reinsurer The reinsurers support the California Joint Powers Insurance Authority's $30,000,000 limit for $10,000,000 excess of $10,000,000 per occurrence per Protected Party after the $3,000,000 AAD Midvale's aggregate limit is 4 times the occurrence limit. Terrorism is limited to an annual aggregate of $10,000,000. Retention $10,000,000 Per Occurrence Defense Costs and Expenses Included within the Limits and Self -Insured Retention Coverage Follows the Memorandum of Liability Coverage (MOC — LP) THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, - NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev: 7/1/23 Page 5 LIABILITY PROGRAM Territory Major Exclusions (Refer to details in Policies) Detail July 1, 2023 to July 1, 2024 Follows the Memorandum of Liability Coverage (MOC — LP) All exclusions in the Memorandum of Liability Coverage (MOC — LP) apply. • Pool (exception applies), Association, Syndicate, Exchange, Plan, Fund or other facility directly as a member, subscriber or participant, or indirectly by way of reinsurance or assessments. • Insolvency fund, including any guarantee fund, association, pool, plan, or other facility • Nuclear • War • Pollution • Coverage written specifically to insure or reinsure punitive damages • Punitive, exemplary, consequential or compensatory damages • All reinsurance assumed by the Reassured, except internal pooling arrangements • Retroactive Coverage • Asbestos • Silica • Sanction Limitation and Exclusion • Organic Pathogens • Cyber Claims Reporting Carl Warren & Company P.O. Box 25180 Santa Ana, CA 92799-5180 Phone: (714) 572-5200, or (800) 572-6900 Fax: (714) 961-8131 Email: publicentityclaims@carlwarren.com Contract contains the full reporting requirements. Broker I Guy Carpenter Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago, IL Isabella Pang, Vice President; Chicago, IL James Turner, Vice President; Philadelphia, PA THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Page LIABILITY PROGRAM Covered Parties Address Coverage Protection Period Detail July 1, 2023 to July 1, 2024 California Joint Powers Insurance Authority and participating members 8081 Moody Street, La Palma, California 90623 $10,000,000 in excess of $20,000,000 Includes a $2,000,000 Annual Aggregate Deductible (AAD) Layer #: UA8T00012303 July 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time Coverage Provided By Great American Insurance Company 40% of Layer ACE American Insurance Company (Chubb) 20% of Layer Everest Reinsurance Company 20% of Layer Continental Indemnity Company 10% of Layer Munich Reinsurance America, Inc. 10% of Layer A.M. Best Rating Great American Insurance Company A+ (Superior) Financial Size Category of XV ($2 Billion or greater) ACE American Insurance Company (Chubb) A++ (Superior) Financial Size Category of XV ($2 Billion or greater) Everest Reinsurance Company A+ (Superior) Financial Size Category of XV ($2 Billion or greater) Continental Indemnity Company A (Excellent) Financial Size Category of XI ($750 Million to $1 Billion) Munich Reinsurance America, Inc. A+ (Superior) Financial Size Category of XV ($2 Billion or greater) THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev: 7/1/23 Page 7 LIABILITY PROGRAM Detail July 1, 2023 to July 1, 2024 California Status Great American Insurance Company - Authorized Reinsurer ACE American Insurance Company (Chubb) - Authorized Reinsurer Everest Reinsurance Company - Authorized Reinsurer Continental Indemnity Company -Authorized Reinsurer Munich Reinsurance America, Inc. - Authorized Reinsurer Limits The reinsurers support the California Joint Powers Insurance Authority's $30,000,000 limit for $10,000,000 excess of $20,000,000 per occurrence per Protected Party after the $2M AAD Chubb and Munich's aggregate limit is 5 times the occurrence limit Retention $20,000,000 Per Occurrence Defense Costs and Expenses Included within the Limits and Self -Insured Retention Coverage Follows the Memorandum of Liability Coverage (MOC — LP) Territory Follows the Memorandum of Liability Coverage (MOC — LP) Major Exclusions All exclusions in the Memorandum of Liability Coverage (MOC — LP) apply. (Refer to details in Policies) • Pool (exception applies), Association, Syndicate, Exchange, Plan, Fund or other facility directly as a member, subscriber or participant, or indirectly by way of reinsurance or assessments. • Insolvency fund, including any guarantee fund, association, pool, plan, or other facility • Nuclear • War • Pollution • Coverage written specifically to insure or reinsure punitive damages • Punitive, exemplary, consequential or compensatory damages • All reinsurance assumed by the Reassured, except internal pooling arrangements • Retroactive Coverage • Asbestos • Silica • Sanction Limitation and Exclusion • Organic Pathogens • Cyber • PFAS • Wildfire (only applies to Munich) • Subsidence (only applies to Munich) THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev: 7/1/23 Page 8 LIABILITY PROGRAM Detail July 1, 2023 to July 1, 2024 Claims Reporting Carl Warren & Company P.O. Box 25180 Santa Ana, CA 92799-5180 Phone: (714) 572-5200, or (800) 572-6900 Fax: (714) 961-8131 Email: publicentityclaims@carlwarren.com Contract contains the full reporting requirements Broker I Guy Carpenter Mike Waterman, Managing Director and Public Entity Segm Isabella Pang, Vice President; Chicago, IL James Turner, Vice President; Philadelphia, PA THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev: 7/1/23 Page 9 LIABILITY PROGRAM Covered Parties LAddress Coverage Protection Period Coverage Provided By A.M. Best Rating California Status Limits Retention Defense Costs and Expenses Coverage Territory Major Exclusions (Refer to details in Policies) Claims Reporting Broker Detail July 1, 2023 to July 1, 2024 California Joint Powers Insurance Authority and participating members 8081 Moody Street, La Palma, California 90623 $15,000,000 in excess of $30,000,000 July 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time Allied World National Assurance Company (AWNAC) Policy #: 0309-6727 A (Excellent) Financial Size Category of XV ($2 Billion or greater) Non -Admitted $15,000,000 Per Occurrence Per Protected Party Allied World's aggregate limit is 4 times the occurrence limit $30,000,000 Per Occurrence Included within the Limits and Self -Insured Retention Follows the Memorandum of Liability Coverage (MOC — LP) Follows the Memorandum of Liability Coverage (MOC — LP) All exclusions in the Memorandum of Liability Coverage (MOC — LP) apply. • PFAS • Biometric Identifiers Information Data Privacy Exclusion Carl Warren & Company P.O. Box 25180 Santa Ana, CA 92799-5180 Phone: (714) 572-5200, or (800) 572-6900 Fax: (714) 961-8131 Email: publicentityclaims@carlwarren.com Policy contains the full reporting requirements Guy Carpenter Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago Isabella Pang, Vice President; Chicago, IL James Turner, Vice President; Philadelphia, PA THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Page 10 LIABILITY PROGRAM Covered Parties LAddress Coverage Protection Period Coverage Provided By A.M. Best Rating California Status Limits Retention Defense Costs and Expenses Coverage Territory Major Exclusions (Refer to details in Policies) Claims Reporting Broker Detail July 1, 2023 to July 1, 2024 California Joint Powers Insurance Authority and participating members 8081 Moody Street, La Palma, California 90623 $5,000,000 in excess of $45,000,000 July 1, 2023 at 12:01 a.m. to July 1, 2024 at 12:01 a.m. Pacific Time Retained by California Joint Powers Insurance Authority Not Applicable Not Applicable $5,000,000 Per Occurrence Per Protected Party $45,000,000 Per Occurrence Included within the Limits and Self -Insured Retention Follows the Memorandum of Liability Coverage (MOC — LP) Follows the Memorandum of Liability Coverage (MOC — LP) All exclusions in the Memorandum of Liability Coverage (MOC — LP) apply. Carl Warren & Company P.O. Box 25180 Santa Ana, CA 92799-5180 Phone: (714) 572-5200, or (800) 572-6900 Fax: (714) 961-8131 Email: publicentityclaims@carlwarren.com Policy contains the full reporting requirements. Guy Carpenter Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago Isabella Pang, Vice President; Chicago, IL James Turner, Vice President; Philadelphia, PA THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2023 Rev:7/1/23 Page 11 LIABILITY PROGRAM 50M 45 M 30M 20M 10M 5M Coverage Tower July 1, 2022 to July 1, 2023 $5,000,000 in excess of $45,000,000 California JPIA Retention $15,000,000 in excess of $30,000,000 Allied World National Assurance Co. (Agg Limit $60M) $10,000,000 in excess of $20,000,000 (with $21VI AAD*) 40% - Great American Insurance Company 20%- ACE American Insurance Company (Chubb) (Agg Limit $10M) 20% - Everest Reinsurance Company 10%- Munich Reinsurance America, Inc. (Agg Limit $5M) 10%- Continental Indemnity Company $10,000,000 in excess of $10,000,000 (with $3M AAD*) 60%- Government Entities Mutual (GEM) 25%- Midvale Indemnity Company (Agg Limit $10M) 15%-Continental Indemnity Company $4,000,000 in excess of $6,000,000 100% - Government Entities Mutual (GEM) $3,000,000 in excess of $3,000,000 100%- Sequoia Pacific Reinsurance Company (Captive, Agg Limit $9M) California JPIA $3,000,000 Retention *AAD (Annual Aggregate Deductible): is defined as the deductible that California JPIA would pay that is otherwise recoverable from the contract.The annual aggregate amount can be satisfied with one loss or multiple losses during the year. Rev:7/1/23 Page 12 LIABILITY PROGRAM Schedule of Insurers July 1, 2023 to July 1, 2024 LIABILITY COVERAGE Limit: $4,000,000 Excess of $6,000,000 REINSURED BY GOVERNMENT ENTITIES MUTUAL (GEM) $4,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: CONTRACT LAYER #: UA8T00012301 N/A Not rated Not rated LIABILITY COVERAGE Limit: $10,000,000 Excess of $70,000,0001ncludes a $3,000,000 Annual Aggregate Deductible (AAD) REINSURED BY GOVERNMENT ENTITIES MUTUAL (GEM) $6,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: REINSURED BY MIDVALE INDEMNITY COMPANY $2,500,000 California Status: Standard & Poor's Rating: Best's Guide Rating: REINSURED BY CONTINENTAL INDEMNITY COMPANY $1,500,000 California Status: Standard & Poor's Rating: Best's Guide Rating: CONTRACT LAYER #: UA8T00012302 N/A Not rated Not rated CONTRACT LAYER #: UA8T0001230 Admitted Not rated A (Excellent) Financial Size Category of XV ($2 Billion or Greater) CONTRACT LAYER #: UA8T00012202 Admitted Not rated A- (Excellent) Financial Size Category of XI ($750 Million to $1 Billion) Rev:7/1/23 Page 13 LIABILITY PROGRAM Schedule of Insurers July 1, 2023 to July 1, 2024 LIABILITY COVERAGE Limit: $10,000,000 Excess of $20,000,000Includes a $2,000,000 Annual Aggregate Deductible (AAD) REINSURED BY CONTRACT LAYER #: UA8T00012303 GREAT AMERICAN INSURANCE COMPANY $4,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: REINSURED BY ACE AMERICAN INSURANCE COMPANY (CHUBB) $2,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: REINSURED BY EVEREST REINSURANCE COMPANY $2,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: REINSURED BY CONTINENTAL INDEMNITY COMPANY $1,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: Admitted A+ A+ (Superior) Financial Size Category of XV ($2 Billion or greater) CONTRACT LAYER #: UA8T00012303 Admitted AA A++ (Superior) Financial Size Category of XV ($2 Billion or greater) CONTRACT LAYER #: UA8T00012303 Admitted A+ A+ (Superior) Financial Size Category of XV ($2 Billion or greater) CONTRACT LAYER #: UA8T00012303 Admitted Not rated A+ (Excellent)) Financial Size Category of XI ($750 Million to $1 Billion) Rev:7/1/23 Page 14 A a LIABILITY PROGRAM Schedule of Insurers July 1, 2023 to July 1, 2024 11 LIABILITY COVERAGE Limit: $00 Excess of $20,000,000Includes a $ egate Deductible (AAD) REINSURED BY MUNICH REISNURANCE AMERICA, INC. $1,000,000 California Status: Standard & Poor's Rating: Best's Guide Rating: LIABILITY COVERAGE Limit: $15,000,000 Excess of $30,000,000 CONTRACT LAYER #: UA8T00012303 Admitted AA- A+ (Superior) Financial Size Category of XV ($2 Billion or greater) REINSURED BY ALLIED WORLD POLICY #: 0309-6727 NATIONAL ASSURANCE COMPANY $15,000,000 California Status: Non -Admitted Standard & Poor's Rating: A- Best's Guide Rating: A (Excellent) Financial Size Category of XV ($2 Billion or greater) LIABILITY COVERAGE Limit: $5,000,000 Excess of $45,000,000 RETAINED BY CALIFORNIA JOINT POWERS INSURANCE AUTHORITY $5,000,000 California Status: Not Applicable Standard & Poor's Rating: Not Applicable Best's Guide Rating: Not Applicable C A L I F 0 R N I A f Rev:7/1/23 Page 15