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Assembly committee advances bill letting water corporations join JPAs for pooled insurance
Summary
AB 428 would permit water corporations to join joint powers authorities (JPAs) to pool insurance, a measure supporters say could reduce sharply rising insurance costs for small water utilities.
Assemblymember Blanca Rubio’s AB 428 cleared the committee after testimony from small utilities and pooled‑insurance providers describing sharp recent increases in property insurance costs and potential customer impacts.
The bill would authorize water corporations to participate in JPAs for pooled insurance purposes and requires demonstration that JPA membership would benefit customers by reducing…
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