ReLiEF Joint Powers Authority for Public Educational Agencies Releases More Than $6 Million to Members

TORRANCE, Calif., Aug. 3 /PRNewswire/ -- Southern California Regional Liability Excess Fund (ReLiEF) joint powers authority has announced the release of more than $6 million in surplus equity to its members by their board of directors. As a result of focused loss control efforts and a resulting decline in projected loss costs, the funds are now available to assist members in dealing with budget cutbacks by the state and resulting cash flow challenges.

"ReLiEF has a long history of driving down losses and returning the savings back to our membership," said SCR President Sue McCann. "We're thrilled to be able to do this again at a time when our members need the money the most."

During the nearly 25 years the organization has served California schools, Southern California ReLiEF (SCR) members have received more than $36 million, with more $24 million going to members of Northern California ReLiEF (NCR). SCR and NCR are regional, non-profit, member-owned-and-operated, risk sharing programs currently serving 471 local educational agencies. Together, they represent in excess of two million average daily attendance (ADA) and $36 billion in total insured values. Since inception, ReLiEF has returned over $60 million to its members.

"We are very proud of our relationships with the ReLiEF agencies and the programs we have been able to provide for them," said Graham Grice, JPA General Manager for Keenan. "For over 20 years, we have successfully worked together to optimize one of the most important operational aspects of managing public educational agencies across the state of California."

ReLiEF members receive broad property and liability coverage, regional underwriting, seamless coverage documentation, accredited services with excellence, specialized loss control services, and multiple retention options.

For information on SCR, visit www.socalrelief.org. For information on NCR, visit www.norcalrelief.org. For information on Keenan insurance brokerage and consulting programs, visit www.keenan.com.

About Keenan

Founded in 1972, Keenan is the 14th largest insurance consulting and brokerage firm in the United States and the largest independent broker in California. Keenan is dedicated to providing superior insurance products and services to healthcare organizations, schools, community colleges, and municipalities for employee benefits, third-party claims administration, workers' compensation, integrated disability, risk management, and property and liability. Keenan has a network of offices located throughout California and a staff of more than 650 insurance specialists. For more information, call 800-654-8102 or 310-212-3344, email [email protected], or visit www.keenan.com.

SOURCE Keenan