EIA forms captive

July 26, 2016 10:01 AM

The CSAC Excess Insurance Authority (EIA) has formed Excess Insurance Organization, Inc. (EIO), a captive insurance company. The formation, effective July 1, 2016, was established to achieve both short and long term objectives for the EIA.

The EIA's existing programs will benefit from a complete risk transfer of corridor risk to the captive and have an enhanced investment program with the goal of additional investment income.

The EIA is one of the largest joint powers authorities in America. Their current membership includes 95 percent of California counties, 60 percent of cities as well as educational, special district organizations, and other public agencies.

To learn more about EIA or EIO, visit the website or contact EIA's Chief Membership Services Officer Rick Brush.

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