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Brokers and APRA outline borough insurance program, note major claims and risk-control services
Summary
Alliant and the Alaska Public Risk Alliance briefed the assembly on borough coverages including a $100 million airport liability policy, marine vessel hull coverage, and recent large claims (South Tongass fire). APRA highlighted training, legal-fee reimbursements and grant credits that could reduce borough premiums.
Insurance brokers and the newly formed Alaska Public Risk Alliance (APRA) presented an overview of the borough's coverages, recent claim activity and member services at the Dec. 15 assembly meeting.
Alliant Insurance Services (co-broker) described the borough’s marine program (four vessels, including the primary ferry), liability structure providing up to $10 million in layered limits, and physical-damage coverage that represents a large share of premiums. Brian White (Alliant) said vessel valuation is typically determined by condition-survey and reflects an actual cash value approach rather…
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