News & Updates
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.
Our Annual Membership Meeting Format Has Changed For This Year
Dear Valued ASCIP Member:
ASCIP’s mission and purpose is to assist our members safeguard against injuries, illnesses, accidents, and other hazards. Over the last week, ASCIP members have been assessing the rapidly-evolving developments surrounding the arrival of Coronavirus (COVID-19) in California, seeking information and guidance from public health agencies and officials, and developing thoughtful and measured contingency plans to protect their students, staff, and communities.
After a careful review of the limited guidance from public health authorities on the COVID-19 situation in California, along with an objective evaluation of the meeting purpose, location and attendance, we have decided to change the format of the ASCIP Annual Membership Meeting scheduled for this Friday, March 6th at the Pacific Palms Resort in the City of Industry.
AB 218 was signed by Governor Newsome and becomes effective January 1, 2020. In preparation, CAJPA has compiled some helpful tips on best practices and resources which are summarized below.
What you should know:
- Broadens definition of Abuse and Molestation to include “assault”
- Statute of Limitations for Sexual Assault and Molestation (SAM) moves from age 26 to age 40, with a five year statute for “recovered or repressed” memory from time of discovery
- There is a three-year retroactive window opened by AB 218’s enactment that permits old claims to be revived.
- Treble Damages can be imposed if effort to conceal can be proven. These damages may not be covered and may be the responsibility of the public entity to pay.
- Claims may pre-date the existence of current risk pool.
Steps to take to prepare now: