Alteris Partners with Joint Powers Insurance Authority Serving Small to Mid-Sized Mutual Water Companies in California
January 25 2016 - 11:16AM
Business Wire
Alteris Insurance Services Inc. (Alteris), in partnership with
the California Association of Mutual Water Companies (CalMutuals)
and American Association of Water Distribution & Management,
announced today that Alteris will serve as Insurance Administrator
for the newly formed CalMutuals Joint Powers Insurance Authority
(JPIA) working with nonprofit water systems in California.
CalMutuals JPIA was recently established as a result of
California’s legislature passing AB 656 in September 2015. This
legislation was initiated by CalMutuals and supported by Alteris as
well as other independent insurance brokers, Valley (Central) Ag
Water Coalition, California Firefighters’ Association, and dozens
of mutual water companies. It allows mutual water companies the
opportunity to form and participate in a JPIA for purposes of
insurance and supporting services. CalMutuals JPIA provides
customized insurance solutions to mutual water companies domiciled
in California whose operations comprise the development,
transportation, management, storage, treatment or distribution of
water.
“This recently enacted legislation, which we supported, creates
product stability, responsive insurance coverage, and attractive
pricing for mutual water companies throughout California,” said
Alteris Insurance Services president, Paul Fuller. “We greatly
appreciate the collaborative interaction between CalMutuals, its
members, and our broker partners. This alignment is a true win-win
for mutual water companies and provides industry-leading insurance
and related benefits while reaffirming the integral role and
advocacy of the independent agency system.”
Adjacent entities – such as water districts, sewer districts,
conservation districts, and community services districts – are also
eligible and now well positioned to secure insurance coverage
through CalMutuals JPIA.
Serving as Insurance Administrator, Alteris will oversee member
services in the areas of underwriting, claims, risk management and
control, legal and regulatory compliance, and continuing
education.
“A critical component of this legislation that we sponsored is
to provide nonprofit water systems customized technical resources
and augmented advisory assistance,” said CalMutuals JPIA Board of
Directors president, Jim Byerrum. “CalMutuals selected Alteris as
the JPIA Insurance Administrator because of their unique expertise
within the public water system space, particularly through their
extensive experience with mutual water companies. Equally
important, Alteris does not compete with independent insurance
agents and brokers. This alignment maximizes advocacy for our
members.”
Byerrum notes, “CalMutuals is an association built exclusively
for the advancement of mutual water companies and other small water
systems throughout California, and this exciting new endeavor will
further advance those companies and systems by providing them with
quality insurance products at affordable prices and providing them
with much needed technical assistance.”
CalMutuals JPIA will begin enrolling members in February.
About Alteris
Alteris Insurance Services, Inc. (Alteris) is a member of Argo
Group International Holdings, Ltd. (NASDAQ: AGII), and operates as
a full-service Managing General Agency providing a broad spectrum
of products and services to brokers and clients throughout the
United States. Alteris Insurance Services provides program
modeling, underwriting administration, capital management,
policy-system solutions, claim services, risk consultation, and
reinsurance placement. Each of its specialty practices are
supported by an integrated team of underwriting, claims, risk
control, actuarial, and administrative support professionals.
Targeted industry segments include water-related entities,
emergency service organizations, wineries, breweries, forest
products, and landscape contractors. For more information, visit
www.alterisus.com.
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an
international underwriter of specialty insurance and reinsurance
products in the property and casualty market. Through its operating
subsidiaries, Argo Group offers a full line of products and
services designed to meet the unique coverage and claims handling
needs of businesses in four primary segments: Excess & Surplus
Lines, Commercial Specialty, International Specialty and Syndicate
1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’
(Excellent) by A.M. Best with a stable outlook and its U.S.
insurance subsidiaries are rated ‘A-’ (Strong) by Standard &
Poor’s with a stable outlook. For more information, visit
www.argolimited.com or follow us on LinkedIn (http://ow.ly/Oe6fK)
and on Twitter at @Argo_Group.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125006109/en/
Argo Group International Holdings, Ltd.Rebecca Kelley,
210-321-8547Marketing Managerrkelley@argogroupus.com
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