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Finance Highlights 2006 1004
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Finance Highlights 2006 1004
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Last modified
6/6/2007 4:01:51 PM
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11/3/2006 3:13:07 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
10/4/2006
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_CC Agenda 2006 1106
(Reference)
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\City Clerk\City Council\Agenda Packets\2006\Packet 2006 1106
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<br />Table IV-3 <br />Limits for Named Liability Claims <br /> <br /> <br />Employment Practices <br />Class Action Discrimination <br />Subsidence <br />Fungal Pathogens <br />Sexual Abuse <br />Terrorism <br />Airport Public Officials <br />Designated Types of Pollution <br />Property in cce <br /> <br />$6 mil/ion <br />$5 million <br />$5 mil/ion <br />$10 million <br />$10 million <br />$5 million <br />$5 million <br />$4 million to $5 million <br />$ 5 mil/ion <br /> <br />The above limits are prudent. The coverage scope is broad and compares favorably with <br />the extent of liability coverage available to California cities from other joint powers <br />authorities and commercial insurers. <br /> <br />CJPRMA reports $29 million in net assets, a net asset to retention ratio of 6:1, net <br />contributions to net assets ratio of 0.3: 1, and a loss reserves to net asset ratio of 1.5: 1. <br />CJPRMA is accredited with excellence by the California Association of Joint Powers <br />Authorities. All of these factors indicate a conservatively financed, well-run coverage <br />source. <br /> <br />40 <br /> <br />A. R M <br /> <br />Tee h <br />
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