Title
Adopt a resolution 1) approving amendments to the Joint Exercise of Powers Authority ("JPA") currently known as CSAC-Excess Insurance Authority ("CSAC EIA") primarily renaming the JPA to Public Risk Innovation, Solutions, and Management ("PRISM") and making other amendments to the Agreement, and 2) authorizing and directing the County Administrative Officer to execute the amended Joint Powers Agreement.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a resolution 1) approving amendments to the Joint Exercise of Powers Authority ("JPA") currently known as CSAC-Excess Insurance Authority ("CSAC EIA") primarily renaming the JPA to Public Risk Innovation, Solutions, and Management ("PRISM") and making other amendments to the Agreement, and 2) authorizing and directing the County Administrative Officer to execute the amended Joint Powers Agreement.
SUMMARY/DISCUSSION:
CSAC Excess Insurance Authority (EIA), a Joint Exercise of Powers Authority ("JPA"), was formed by and for the California counties in 1979 by the California State Association of Counties (CSAC). Monterey County is a voting member of the JPA Board. Today, 55 out of the 58 counties in California participate in one or more of the EIA programs. In 2001, the EIA expanded its offerings to other California public agencies. At this point, over 70% of the cities in California participate in one or more of the EIA programs. In addition, a variety of special districts, school districts, and JPAs also participate in EIA Programs. The EIA is recognized as the largest public entity property and casualty pool in the United States.
After 40 years of existence, the JPA is proposing to change its name to Public Risk Innovation, Solutions, and Management ("PRISM"). The consideration of a name change came at the request of CSAC due to the on-going confusion over the fact that CSAC EIA and CSAC are two completely separate entities. There is additional confusion in the CSAC EIA n...
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