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Borough committee backs joining Alaska Public Risk Alliance after AMLJIA–API merger
Summary
The finance committee reviewed Resolution 2025-026 to authorize Kenai Peninsula Borough and the school district to participate in the Alaska Public Risk Alliance, the recently consolidated entity formed from AMLJIA and API; staff said the merger produced better market proposals and economies of scale.
The Kenai Peninsula Borough Finance Committee considered Resolution 2025-026 to authorize borough participation in the Alaska Public Risk Alliance (APRA), the consolidated entity formed from two public-risk pools.
Sean Kelly (staff) described the resolution as approving a cooperative participation agreement to join the merged organization. Finance Director Brandy Harbaugh said the merger had been discussed for years, the boards and staff worked together for roughly two years, and the consolidation produced “buying power” that yielded favorable market quotes and, in some cases, rebates for members. Harbaugh said the combined membership allowed staff to obtain stronger quotes from their new broker, Epic, and that members were seeing “flattening, if not declining rates” as a result of the consolidation.
Harbaugh also noted nonfinancial benefits of combining staff and expertise from two previously separate entities and said the merger takes effect July 1.
The item was presented on the consent agenda; no committee vote was recorded in the finance-committee transcript.
