ASCIP's Property/Liability and Workers' Compensation Programs

Transcription

1 ASCIP's Property/Liability and Workers' Compensation Programs a presentation for May 31, 2012

2 Overview of ASCIP s Programs Non-Profit Risk Pool (167 members, primarily K-12 districts) Governed by l3-member Board of school district officials; about 50% of our districts participate in governance in some capacity Composite overhead (P&L and WC): approximately l4% Property/Liability Program 142 Members Revenue (2011/12): $ 59.2 MM Equity: $36.1 MM Workers Compensation Program 46 Members Revenue (2011/12): $ 27.5 MM Equity: $66.9 MM

3 Overview of ASCIP s Programs cont d. Health Benefits Programs 71 Members Revenue (2011/12): $ 97.8 MM Equity: $12.1 MM CIPA (ASCIP s Captive Insurance Company) - OCIP Revenue (2011/12): $3.6 MM Equity: $2.1 MM Our Distinctive Difference: Expansive Coverage: the glass is always at least half full Service without end We are the second largest risk pool in the country but we run with a mom-and-pop care and coverage ethic

4 ASCIP Revenues by Program

5 ASCIP Fund Equity by Program

6 ALLIANCE OF SCHOOLS FOR COOPERATIVE INSURANCE PROGRAMS REBATE HISTORY (P&L and WC)

7 Property/Liability Program Core Coverages General & Auto Liability (APD) Property Crime

8 Core Program Property/Liability Coverage Highlights Property Coverage - all risk $500 MM per occurrence, no annual aggregates Builder s Risk: $50 MM sublimit Liability Coverage (General & Automobile) $5 MM: ASCIP - SELF: $20 MM x of $5 MM Very expansive coverage: Employment Practices Liability, Special Education, Civil Rights Crime: $3.5 MM per occurrence Auto Physical Damage: $1,500 deductible

9 Property/Liability Program Dollar one to $250K retention options Claims and litigation management regardless of retention TPA is Corvel (Pleasanton); claims handling for life of claim Proactive services: assign counsel before a claim, if desirable; damage control; special education oversight services Never a surprise; district involved in claim resolution, every step of the way

10 Property/Liability Program Revenues and Equity 70,000,000 60,000,000 $56.7M $59.1M $63.1M $61.5M $59.2M $51.1M 50,000,000 $44.7M $43.4M $43.3M 40,000,000 $37.9M $32.3M $35.2M $36.1M 30,000,000 $23.8M $20.8M $20.6M $20.9M $22.7M $25.9M $24.2M 20,000,000 10,000, Projected Revenues Equity

11 Workers Compensation Program

12 Workers Compensation Program Highlights Program started in 1998; $67 MM equity today $9.7 MM rebates to members to date 46 member districts including Clovis USD and Sierra CCD Two TPA s: York and Athens; 20 claims staff Claims administration included for life of claim at no extra cost Defense Coverage for LC 132(a), Serious & Willful Coverage for Board-approved Volunteers

13 Distinguishing Program Features Caseload of 130 Files per Examiner Bonuses given for closing cases Company Nurse Triage Reporting Modified Duty Program Setup & Tracking Assistance with Interactive Process Prescription Benefit Program starts in 9/2012 Enhanced Loss Control Services Close Program Oversight Medical Provider Network Monitoring Quarterly Loss Analyses and Prescribed Training (No charge)

14 Workers Compensation Rate History (2006/07 to 2012/13) 2006/07 % Change 2007/ / / / / /13 +5

15 Risk Control Services A Glass More Than Full

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18 Typical Risk Management Consulting Services (Contract & In-House) Contract review Insurance review and special insurance placements, e.g., earthquake for COPS Waiver forms (e.g., Field Trip, Assumption of Risk, Use of Facilities, Volunteers) Special Education program review and policy development Program evaluation (Health Centers, HIPPA compliance) Activities structuring (Free Speech issues) Analysis of SIR/Retentions Risk Transfer and Evidence of Coverage: Certificates of Insurance, Endorsements

19 Typical Loss Control Services (Contract and In-House) Audits and Inspections (Safety, Cyber, Security, Playground, Chemical, Disaster Preparedness, etc.) IIPP (Injury and Illness Prevention) plan analysis Hazardous Materials Business Plan Assistance Environmental Compliance Review Hazardous Waste Handling/Disposal Mandated Program Review Lead/Asbestos Consulting Industrial Hygiene Ergonomic Evaluations

20 Risk Control Programs & Services Supporting P&L and WC Programs WE-TIP, WeTell, DoTell (LC: Copper Theft, RM: DoTell Harassment Reporting) Support of District Administrative Meetings with use of Keynote Speaker promoting ASCIP programs (RM: Bullying, Molestation Prevention) Incentives and Awards: Annual Meeting RM and LC Awards; Risk Management Pays, Training Pays, LC Pays DMV Information Services Professional Library Loss Control and Risk Management Assistance Funds (Grants and Scholarships, Teen Truth Bullying Prevention)

21 Training Services Supporting P&L and WC Programs EPL Seminars (Brown Bag Lunch Series) Regulatory Compliance Annual Update Sexual Harassment Bullying Prevention Industrial truck and utility cart training Lab safety Mold awareness E-Training Programs (Wrongful termination; VIPS; Molestation Prevention; Lock-Out/Tag Out)

22 Northern/Central California References Michael Johnston, Assistant Superintendent, Business: Clovis Unified; CASBO President Corinne Kelsch Santa Clara County Schools Insurance Group (22 District KK-12 JPA) John Sharpe, Deputy Chancellor, Los Rios CCD, Sacramento, CA

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24 Lagniappe (a little Southern somethin extra) The Rent-a-Risk Manager Program New districts joining both ASCIP S Property/Liability and Workers Compensation Programs in 2012/13 will receive a RARM for one day each week for coming year

25 ASCIP's Property/Liability and Workers' Compensation Programs a presentation for May 31, 2012