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Maywood approves membership in California Intergovernmental Risk Authority, expects $155K savings
Summary
Council approved joining the California Intergovernmental Risk Authority (CIRA) to obtain broader liability limits and lower retention; staff said membership would lower the city's annual insurance contribution and free roughly $155,150 for the FY 2025–26 budget.
Maywood City Council on May 28 voted to join the California Intergovernmental Risk Authority (CIRA), a statewide joint powers risk‑sharing authority, a move staff said will increase the city’s liability limits while lowering the city’s contribution.
Staff told council the 5‑year CIRA commitment provides increased general liability limits (up to $40 million per occurrence) and…
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