GSRMA-2019-Annual-Report Final.Pdf
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. 1i GREETINGS! In the late 1970’s, two veteran insurance brokers in Northern California’s Glenn County, faced an insurance market for public entities that was all but non-existent. With few other options available, they envisioned the creation of an organization that would provide superior liability, workers’ compensation, and property/auto coverage to local public agencies at a more competitive cost than the open market. Their “vision” has evolved into what is now Golden State Risk Management Authority (GSRMA.) Over the last 40 years, GSRMA has not only done what its creators intended, but expanded their original vision to include additional coverages such as employee benefits and additional services such as training and risk control. In a testament to the viability of this vision, GSRMA continues to flourish. At the closing of our most current fiscal year, a review of our annual financial reports reflects a very solid year of growth. GSRMA’s strong fiscal position continues to serve the membership well. This is especially important as we start a challenging new phase in public entity risk pooling that will be especially interesting for the risk pooling industry, not only in California, but nationwide as well.
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