HomeMy WebLinkAbout1979-11-20; City Council; 6068; San Diego County Insurance ConsortiumW* CITY .OF CARLSBAD •"*"
AGENDA BILL NO. is? O &> $" Initial:
DATE:_ November 20, 1979 c
DEPARTMENT: City Manager C. Mgr.
Subject:
SAN DIEGO COUNTY INSURANCE CONSORTIUM
Statement of the Matter • - " .
The firm of Kindler and Laucci hap prepared a Proposal to
Cities of San Diego County .for Liability Insurance Pooling
which they have submitted to all the cities. They are
experienced risk management specialists who now represent
14 cities and counties in California.
The basic plan is to pool those risks that share a commonalty
to the best advantage of the authority and allows for a pro-
forma cash flow. In essence, cities would be operating their
own insurance company by purchasing insurance above a certain
class level.
For a small cost, the insurance consultant will conduct a
feasibility study for each city. The cost for such a study
would be $285.00. After completion of the feasibility study,
each city can decide whether it desires to enter into an
insurance consortium with the other cities in the county.
The City of San Diego and the City of San Marcos are not
interested in inclusion.
Exhibit
None
Recommendation
If Council is desirous of a feasibility study, authorize
participation at a cost of $285.00.
Council Action:
11-20-79 Council authorized participation in the feasibility study at
a cost of $285.00.