Lake County weighs leaving PRISM for Golden State Risk Management Authority to retain primary liability coverage
After a PRISM presentation on rising liability costs and coverage changes, the Lake County Board of Supervisors directed staff to notify PRISM of withdrawal and to pursue joining the Golden State Risk Management Authority (GSRMA), a move recommended to preserve first-dollar primary liability coverage and eliminate the county's current $10,000 deductible.
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PRISM Chief Executive Officer Gina Dean told Lake County supervisors that escalating litigation costs, social inflation and changes in PRISM's program structure mean the county may soon lose the primary first-dollar liability coverage it has purchased through PRISM since 1998.
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