Golden State Risk Management Authority

GOLDEN STATE RISK MANAGEMENT AU T H O R I T Y ANNUAL REPORT 2017 Mission Statement “Golden State Risk Management Authority is established for the purpose of providing services and other functions necessary and appropriate for the creation, operation, and maintenance of liability, workers’ compensation, property and other risk pooling and coverage plans for the Member Agencies that are parties hereof, and to provide a forum for discussion, study, development and implementation of recommendations of mutual interest regarding risk pooling and insured programs.” Contents 1 Working for Public Entities Since 1979 2 Mount Shasta2 GSRMA Team 3 Letter to Members 4 2004-2016 Board of Directors Redding 6 Member Agencies – Location 7 Member Agencies – Date Joined 6 10 Member Agency Growth 11 GSRMA Total Assets 1979-2017 12 General Liability and Workers’ RenoCompensation Programs 13 Property and Miscellaneous Coverage Santa Rosa 13 Sacramento15 2016 Employee Benefits Program 17 2016 Loss Prevention & Training San Francisco Oakland 18 CAJPA Accreditation San Jose 19 Actuarial Policy and Program Funding 20 Overview of the Financial Position 24 24 Member Photos Salinas Fresno Mount Whitney Bakerseld Santa Maria CALIFORNIA Santa Barbara Oxnard Los Angeles Huntington Beach Escondido San Diego Fire District Cemetery District Special District School District City & County Lighting the Way for California Public Entities Since 1979 olden State Risk Management Authority (GSRMA) is unique in California risk pools. We cater to small and middle-sized public entities that do not have the resources to fund all the expertise (human resource staff, dedicated legal counsel and even risk management and loss prevention Gpositions) that their larger counterparts can afford. How do we work for public entities? funds available to return to members. each time. This certification is accepted • Leveraging our experience in public GSRMA has returned millions of dol- in the risk pool industry as proof that entity risk management. We have been lars in dividends to members over the a pool is operated under the highest of insuring California public entities since years. Less fortunate pools sometimes standards and best practices. 1979 and have expertise in many public need to issue assessments – additional • Implementing loss prevention and entity types. We participate in member- premium for previous years’ of cover- training incentive programs. Members related professional development events age – which can be devastating to small can earn up to 10% of their annual as both attendees and presenters at con- entity budgets. GSRMA has never contribution upon their successful ferences and regional trainings. We also issued an assessment. completion of our loss prevention work closely with various public entity • Spreading risk and costs across a incentive program. We also provide professional organizations on items of variety of member types. The cost of grants to members for 3rd party training mutual interest. risk can best be kept level by spreading for their districts. • Packaging the best mix of coverage it across not only various sized entities • Having a dedicated representative on from first class partners. We have but among various member types. A our Board of Directors for each mem- assembled the broadest of coverages “non-homogeneous” risk pool such as ber type. At least one of the 7 positions from premier excess pools and carriers. GSRMA is more likely to have more on the GSRMA board is dedicated to a We benefit from belonging to CSAC- moderate peaks and valleys in rates. representative from each of our member Excess Insurance Authority, and School This consistency helps our members types including cities, counties, fire dis- Excess Liability Fund (SELF), two in their annual budget and finance tricts, school districts, cemetery districts of the largest excess risk pools in the processes. and special districts. This insures each country, which exercises its purchasing • Providing a wide range of valuable member type participation in the gover- power to obtain high limits, broad form services to members at no additional nance of the risk pool. coverage and the most competitive cost. This saves members considerable • Encouraging GSRMA staff to be prices. We also provide coverage for time and expense. Services include loss deeply involved in the public risk pool risks, such as cyber or pollution liability, prevention, web and on-site training, industry. Our staff serves in various that our members may not have even human resource hotline, return-to-work risk pool industry positions including considered. programs, anonymous crime reporting governing boards and committee chairs • Being responsive to busy, multi-tasking and more. of associated risk pools and professional public entity professionals. We are • Processing our claims in-house. Un- organizations. In addition, staff attend, dependable and consistent in our avail- like most risk pools, we do not contract often as invited speakers, various indus- ability to our members. We maintain to a third party administrator to process try group conferences including CA- a very high service level as we know claims. Rather we have our own claims JPA, PARMA, AGRIP and PRIMA. our members are too busy to deal with staff and management. This allows us to Staff also serves an advisory capacity automated phone attendants and days work more closely with our members on to several of our vendors including old responses to email requests. resolving claims in an optimal manner. carriers, software companies and service • Focusing on small and mid-sized orga- In addition, members often have input providers. nizations. We understand our members in what service providers we use in • Maintaining conservative funding do not have the time or staff to become claim resolution. levels and conservative fiscal policies. insurance and risk management experts. • Participating in the California Association GSRMA maintains program assets Smaller organizations rely on our ex- of Joint Powers Authorities (CAJPA) in excess of $20.8 million that are at tensive experience in public entity risk accreditation process. We have been levels considered fiscally sound in the management. accredited through the rigorous CAJPA industry. These assets demonstrate the • Issuing dividends and never having accreditation program every three years strength of our pool and the level of assessments. When risk pools are man- since 1992 achieving their highest commitment historically made by and aged effectively, very often there are rating of “Accredited with Excellence” for our members. GSRMA 2017 Annual Report 1 GSRMA Crew Scott Schimke - ARM, Rick Krepelka – Chief Jennifer Peters – ARM, Mark Marshall – Safety Tricia Alderman – Claims Cathy Mudd – Operations Risk Manager Operations Officer Assistant Risk Manager Officer Manager Manager Scott has been involved in California Rick has over 20 years of experience in Jennifer has over 10 years of safety of- Mark has 30 years’ experience in fire Tricia has 20 years of workers’ compen- Cathy has 12 years of experience in pool management since 1988. He is the technology consulting with emphasis in ficer and risk management experience. service, including 15 years as a fire sation claims processing experience. She public entity accounting processes. As Risk Manager and Executive Director of computerized accounting systems. He is She currently oversees the Member Ser- chief. He has many years of public ser- also has extensive experience in claims Operations Manager, she is assistant GSRMA. His responsibilities include over- responsible for all aspects of finance and vices, Safety and Loss Prevention areas vice as an elected official and volunteer. auditing and claims examiner oversight to the Chief Operations Officer. She is all pool management, recommendation accounting for GSRMA as well as manag- of GSRMA where she is responsible for Mark became GSRMA’s Safety Officer in and training. She is a workers’ compen- responsible for all aspects of operations of and communication with re-insurance ing administration and operations. Rick the implementation and administration 2002. As a certified training instructor sation claims examiner and manages our required for a smooth running workplace. carriers, evaluation and recommendation is long time member and Past-Chair of service and risk management pro- for numerous safety, loss prevention and Workers’ Compensation department. She also oversees bookkeeping, account- grams. As a risk manager, she advises of vendors and business partners and of the Technology Committee for the compliance areas, his focus is on mem- ing and employee benefits data manage- members on risk exposure and coverage communication with the GSRMA Board CSAC Excess Insurance Authority and the ber loss prevention with an emphasis on ment.benefits data management. issues. Jennifer serves on the Accredita- of Directors. Scott serves on CSAC Excess Technology Committee for the California safety training and site reviews. Mark tion Committee for California Association provides member service support for Insurance Authority’s Executive and Un- Association of Joint Powers Authorities of Joint Powers Authorities (CAJPA) and derwriting committees. (CAJPA). the Member Services Committee for current and prospective members. CSAC Excess Insurance Authority. Naomi Whatley – Em- Betsey Downey – Safety Liz Smith – Risk Manage- Tracey Crosby – Claims Fran Lose – Senior Jaheesha Griffin – Senior ployee Benefits Specialist and Loss

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