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Los Gatos to switch insurance pools for broader coverage and lower net cost, council approves
Summary
The council voted unanimously to terminate membership in the town's current regional JPA and join the California Joint Powers Insurance Authority, citing higher liability limits (from $30M to $50M), elimination of a $50,000 liability retention and estimated net annual budget savings of about $259,000.
The Los Gatos Town Council voted unanimously on Dec. 2 to authorize the town manager and town attorney to end the town's membership in its current regional joint powers insurance authority and join the California Joint Powers Insurance Authority (CJPIA), town staff said.
Town staff told the council the proposed switch would increase liability limits to $50 million (from the town's current $30 million level), eliminate the $50,000 self-insured retention for liability — providing first-dollar coverage on that line — and include additional services such as cyber-response assistance, an on-call employment-law…
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