April 4, 2018
Crisis (Disruptive) De-Escalation Education & Training: Clovis
Come to the Clovis regional training next Wednesday, April 11th! Learn how to set appropriate expectations, recognize warning signs for when a customer or coworker is beginning to get agitated, strategies for slowing escalation, and tools to begin de-escalating a situation and working towards an amicable resolution. Register today! There are several other dates and locations scheduled, so check them out!
Property Renewal
The Property Program renewed on March 31, and evidence of coverage is available in My Entity Documents under Member Tools of the EIA website. Please note, AlliantConnect is currently unavailable through Friday, April 6th in order to establish the Total Insured Values for binding with the carriers.
Highlights Since Last Year
- In spite of multiple natural disasters leading up to the renewal, including major California wildfires, the program renewed with only a 3.6% overall rate increase, which also includes additional All Risk limits for the program.
- The program’s All Risk limit increased from $600M to $800M for all towers.
- The non-county Earthquake buyers of Tower VII previously purchased individual dedicated earthquake limits, now those members have been moved to Tower VI and received more EQ limits through access to the aggregate shared EQ rooftop layer. Tower VII is now for the Zone II counties.
- The EQ primary coverage for members of Tower VI (formerly Tower VII) Increased EQ Primary for Tower VI from $10M to $25M.
- The program added coverage for Unmanned Aircraft (drones) while in the drones are in Storage or in Transit, subject to $10,000 deductible as more fully defined in the Memorandum of Coverage (MOC). The coverage does not apply for drones in flight.
Several endorsements have been issued on the Property Program Memorandum of Coverage (MOC) since the start of the 2017/18 policy year. These endorsements have been added to the MOC, and the updated document has been posted. Members can access the document through My Entity Documents. Please contact Sara Carlisle if you have any questions or need immediate property schedule changes.
EWC & GL1 Program Actuarial & Premium Allocation Webcast
There’s still time to register! Join us next Tuesday, April 10th at 9 a.m. to review EWC & GL1 Program actuarial results, the Board's funding decisions for the 18/19 renewal, as well as how the premiums are calculated. If you are unable to attend, this webinar will be recorded and available on EIA TV on demand.
Emerging Insurance Professionals (EIP)—Key to Succession Planning
With Succession Planning/Knowledge Transfer being a strategic objective of the EIA, we are pleased to announce our involvement with the Emerging Insurance Professionals (EIP) organization. EIP is a Networking and Educational platform for the “newer” Insurance & Risk Management professional (10 years or less of experience). This organization hosts events throughout the year such as: Quarterly Happy Hour, Volunteering within the community, Annual Meeting/Guest Speaker where an experienced Insurance Professional is invited to speak about their career successes and expertise and much more. If you, or any staff within your company or entity is interested participating, please feel free to visit the EIP website by clicking here. With autonomous chapters in Los Angeles, Orange County, San Francisco and Sacramento, this organization provides an excellent platform to reach, and connect with, the Emerging Insurance Professional here in California.
EIP is completely sponsor funded which allows for the chapters to have mostly free events for their members. If your company or organization is interested in becoming a Sponsor, please contact the Chapter President nearest you for more information. (contact and sponsorship information can be found on their website).
|