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New Mexico Counties Insurance Authority outlines pool benefits and risk-control programs for San Juan County
Summary
Representatives of New Mexico Counties described the county insurance pool model, solvency work, an in-house litigation bureau, and free member services such as Lexipol and online training intended to lower claim frequency and severity.
Grace Phillips, risk-management director for the New Mexico Counties Insurance Authority (MCIA), and Greg Reese, the authority’s loss-prevention manager, briefed the commission on the county-based insurance pool model and an array of member services intended to reduce claims costs.
Phillips described why many New Mexico counties belong to a risk pool rather than obtaining only commercial insurance: pools are nonprofit member-owned entities with lower administrative costs and governance by county representatives. “On a in a pool setting, we don't have a profit. We are a…
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