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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 17, 2003 <br />Action Agenda <br />Item No. <br />SUBJECT: Resolutions Adopting North Carolina Risk Management Pool Revised Interlocal <br />Agreements <br />DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y /N) No <br />Services <br />ATTACHMENT(S): <br />Interlocal Agreements for: <br />1. Property and Liability Coverage <br />2. Worker's Comp Coverage <br />INFORMATION CONTACT: <br />Pam Jones, (919) 245 -2652 <br />TELEPHONE NUMBERS: <br />Hillsborough <br />732 -8181 <br />Chapel Hill <br />968 -4501 <br />Durham <br />688 -7331 <br />Mebane <br />336- 227 -2031 <br />PURPOSE: To consider approving the revised interlocal agreements for Property and Liability <br />insurance coverage and Worker's Compensation insurance coverage through the North <br />Carolina Association of County Commissioners. <br />BACKGROUND: Orange County has participated in the County Commissioner Risk <br />Management Pools since at least 1985. The County began participating in the Pool first with <br />Worker's Comp coverage and then followed in 1988 with Property and Liability coverage. <br />Participation in Pools has allowed the County to experience a greater degree of stability in <br />available coverage as well as a greater predictability of premium amounts. The events of <br />September 11, 2001 have caused significant changes in the commercial insurance <br />environment. However, the Board of Trustees of the Risk Management Pool has successfully <br />maintained adequate reinsurance levels and competitive contribution rates for its members. <br />Although the County's worker's comp premiums have escalated substantially over the past two <br />years, the pool discounts have lessened the impact over what would have been the case with <br />traditional providers. <br />The Pool provides not only a stable insurance environment for counties, but it also plays a <br />significant role in counties' ability to obtain risk control services. Many counties, small and large <br />alike, do not employ a full time risk manager. The Risk Control Consultants available to Orange <br />County and other counties through the Pool provide access to trainers and materials to help <br />keep counties abreast of changing regulations and risk management practices industry-wide. <br />The quality of information and training provided helps to avoid conflict with regulatory agencies <br />