News & Updates
The spread of the coronavirus (COVID-19) is an escalating global concern, but more importantly it has an escalating local concern for each of our members. To assist our members in navigating through the COVID-19 pandemic, we are providing the resources below.
ASCIP recommends the District continues to monitor and follows the directives issued by the World Health Organization (WHO), the Center for Disease Control (CDC), California Department of Public Health (CDPH), local health departments, and the California Office of Emergency Services.
Two ASCIP members recently experienced large multimillion-dollar property loss fires that disrupted education programs.
- Lithium batteries caused $1.6 M loss
- Space heater caused $8.1 M loss
Members can learn from these fires to mitigate the associated hazards and avoid similar losses.
With the rapidly-evolving developments surrounding the arrival of Coronavirus (COVID-19) in California, the format of the ASCIP Annual Membership Meeting was changed to a Web-Ex presentation for supporting efforts to keep our community safe. ASCIP thanks its members for the support, positive comments and understanding in this change in format this year. Our webinar focused only on the essential information for our members – ASCIP’s financial health, overview of the property and casualty markets, the coverage enhancements, program rates, and recognition of two members for their outstanding efforts to mitigate losses.
Jeff Grubbs, COO/CFO for ASCIP shared the strong financial condition of ASCIP with over $200 million in net assets as of June 30, 2019, as shown in the latest Annual Report.