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Insurance pool offers Sierra County $700,000; board to weigh reinvestment vs. return
Summary
Trindel representatives told the board the county is eligible for a $700,000 return-of-funds based on actuarial reserves. The board discussed using the money to shore up underfunded property coverage or leave it in the pool; finance committee will return recommendations before the annual decision window.
Trindel (the joint powers pooling authority) representatives told the Sierra County Board of Supervisors that the county has an available return-of-funds offer of $700,000 built up over several years of favorable loss experience.
Rachel Hartman, Trindel executive director, and senior analyst Jack Contos explained the pool structure: counties carry self-insured retentions (deductibles), a shared pooling layer, and excess coverage beyond the…
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