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ANNUAL<br />
SUMMARY<br />
0<br />
0<br />
<strong>2015</strong>/16<br />
Thirtieth<br />
Anniversary
TABLE OF<br />
CONTENTS<br />
01<br />
03<br />
05<br />
07<br />
13<br />
19<br />
20<br />
21<br />
23<br />
25<br />
27<br />
Message From the President<br />
30 Years of Excellence<br />
<strong>2015</strong>/16 Accomplishments<br />
<strong>SWACC</strong> at a Glance<br />
Claims<br />
Audited Financials<br />
Association Affiliates<br />
Service Providers<br />
Officers<br />
Committee Chairs<br />
Board of Directors
01 <strong>SWACC</strong> 30 th Anniversary<br />
MESSAGE FROM<br />
THE PRESIDENT<br />
Ed Maduli<br />
President of <strong>SWACC</strong><br />
Dear Colleagues,<br />
On behalf of the Statewide Association of Community Colleges<br />
(<strong>SWACC</strong>) we are pleased to provide you with the <strong>2015</strong>/16 <strong>Annual</strong><br />
<strong>Summary</strong>. <strong>2015</strong>/16 was a continuation of our proud record of thirty<br />
years of success, setting the stage for our bright future.<br />
During the program year, in spite of market challenges, liability<br />
rates decreased 2% and property rates decreased 5.1%. Equally<br />
impressive is <strong>SWACC</strong>’s net position remained in excess of $25M,<br />
even after giving rebates to members in the amount of $4.1M.<br />
Operationally, <strong>2015</strong>/16 was a pivotal year in the successful<br />
transition of <strong>SWACC</strong> leadership. We also continued our work on the<br />
2014-16 strategic plan, which was developed with representation<br />
from 33 colleges. We continue to:<br />
• Support the work of the HR Committee including the<br />
development of live and video training programs to<br />
address our employment practice liability exposures;<br />
• Research and develop programs and resources for<br />
addressing Title IX (inclusive of Sexual Violence);
<strong>SWACC</strong> 30 th Anniversary<br />
02<br />
• Finalize the Leading Indicators Incentive program to<br />
assist target districts in improving their loss experience<br />
for their and <strong>SWACC</strong>’s benefit; and<br />
• Evolve the <strong>SWACC</strong> <strong>Annual</strong> Conference based on member<br />
driven panel discussions.<br />
It is an honor to serve as your President and I thank all of you<br />
for your hard work and dedication to insure <strong>SWACC</strong> remains the<br />
premier insurance and risk management program for California<br />
Community Colleges.<br />
Ed Maduli<br />
President of <strong>SWACC</strong>
03<br />
<strong>SWACC</strong> 30 th Anniversary<br />
30 YEARS OF<br />
EXCELLENCE<br />
To know where we are going we must first remember where we<br />
have been. <strong>SWACC</strong> started in 1986 when districts were facing<br />
the challenge of sky rocketing insurance premiums and an<br />
inability to obtain adequate coverage at any cost from traditional<br />
insurance carriers. Rather than give into defeat, this was a rallying<br />
call for all of us to come together and develop new innovative ways<br />
to address risk on our campuses in an operationally efficient and<br />
economically viable manner.<br />
This gave rise to <strong>SWACC</strong>, which still stands 30 years later as the<br />
only member-owned and operated program exclusively designed<br />
to meet the needs of California Community Colleges and is the<br />
premier insurance and risk management program for them.<br />
Our recipe for success was to identify all exposures that could<br />
have negative consequences for our colleges and quickly develop<br />
innovative solutions to eliminate, mitigate, or transfer them to<br />
others. We are proud of the success we have achieved using<br />
those tools.<br />
As we now move to the era of <strong>SWACC</strong> 2.0, the recipe is no different.<br />
We continue to address existing exposures, predict emerging<br />
ones, and develop solutions to address them.
<strong>SWACC</strong> 30 th Anniversary<br />
04
05 <strong>SWACC</strong> 30 th Anniversary<br />
<strong>2015</strong>/16<br />
ACCOMPLISHMENTS<br />
We should be proud of our many accomplishments. Let’s take a<br />
look at the <strong>2015</strong>/16 program year to see how far we have come<br />
and the strides we have made.<br />
• Returned $4.1M back to the members;<br />
• Property, Liability, Crime, Electronic Data Processing<br />
and Equipment Breakdown coverage rates for <strong>2015</strong>/16<br />
decreased;<br />
• Cyber coverage was implemented for all members to<br />
provide breach mitigation coverage and resources in the<br />
event of a data breach;<br />
• Inclusion of Directors and Officers coverage in the<br />
Memorandum of Coverage;<br />
• Beginning in <strong>2015</strong>/16 defense cost coverage is provided<br />
for wage only claims;<br />
• A comprehensive video and live trainings program has<br />
been launched in concert with Keenan SafeColleges<br />
and Liebert Cassidy Whitmore to address Employment<br />
Practice Liability Exposures;
<strong>SWACC</strong> 30 th Anniversary<br />
06<br />
• Initiatives have begun to develop comprehensive resources<br />
to address Title II and Title IX exposures;<br />
• Establishment of the Human Resource Committee;<br />
• Provided a successful, smooth transition of the officers and<br />
members at large on the Executive Committee;<br />
• Implemented a revised Leading Indicators Incentive<br />
Program to encourage increased attention from focus<br />
members on safety and loss control initiatives;<br />
• Significant utilization of Loss Control’s security assessment<br />
services; and<br />
• Expanded Keenan SafeColleges to 127 courses.<br />
WHAT’S TO<br />
COME<br />
<strong>SWACC</strong> App<br />
It is our privilege to introduce our newest tool that will<br />
allow all members via any and all electronic devices to<br />
access news alerts, best practices on emerging issues<br />
and allow instant communication between and among<br />
members. This use of technology will help facilitate<br />
collaboration, discussion, and make access to information quicker,<br />
more efficient, and on point with our needs today and tomorrow.<br />
New Loss Driver Reduction Program<br />
New comprehensive loss control services that will offer a proactive,<br />
hands on Loss Driver Reduction Program.
07<br />
<strong>SWACC</strong> 30 th Anniversary<br />
FTES 1986/16<br />
Full-Time Equivalent Students<br />
1M<br />
800K<br />
484,905 4<br />
600K<br />
221,984<br />
400K<br />
136,046<br />
200K<br />
0<br />
1986/87 1991/92 1996/97 2
<strong>SWACC</strong> 30 th Anniversary<br />
08<br />
71,749<br />
554,851<br />
589,780 590,676<br />
001/02 2006/07 2013/14 <strong>2015</strong>/16<br />
590,676<br />
STUDENTS
09<br />
<strong>SWACC</strong> 30 th Anniversary<br />
TIV 1986/16<br />
Total Insured Property Value<br />
881,852,216<br />
1,384,173,163<br />
3,893,715,288<br />
4,384,<br />
1986/87<br />
1991/92<br />
1996/97<br />
200
<strong>SWACC</strong> 30 th Anniversary<br />
10<br />
14,863,423,790<br />
13,207,797,049<br />
7,274,461,789<br />
900,551<br />
1/02<br />
2006/07<br />
2013/14<br />
<strong>2015</strong>/16
11<br />
<strong>SWACC</strong> 30 th Anniversary<br />
REBATE <strong>2015</strong>/16<br />
$4.1M<br />
DECLARED<br />
04/25/97<br />
$1.4M<br />
DECLARED<br />
10/27/07<br />
$4M<br />
DECLARED<br />
10/22/10<br />
$3M<br />
DECLARED<br />
10/23/09<br />
$3.7M<br />
OVERALL SIN
<strong>SWACC</strong> 30 th Anniversary<br />
12<br />
DECLARED<br />
01/30/03<br />
$605K<br />
DECLARED<br />
01/30/14<br />
$3M<br />
DECLARED<br />
01/27/16<br />
$4.1M<br />
DECLARED<br />
01/28/15<br />
$3.4M<br />
CE INCEPTION $23.2M
13<br />
<strong>SWACC</strong> 30 <strong>Annual</strong> th Anniversary <strong>Summary</strong><br />
CLAIMS 2011/16:<br />
5 YEAR HISTORY<br />
$10,855,752<br />
$25,183<br />
$6,580,352<br />
$8,<br />
$14,235<br />
$15,<br />
233<br />
238<br />
21<br />
2011/12 2012/13<br />
2013<br />
AVERAGE EXPENSE<br />
FREQ
<strong>SWACC</strong> 30 th Anniversary<br />
14<br />
$11,536,549<br />
$10,871,615<br />
751,177<br />
$18,909<br />
132<br />
6<br />
233<br />
$12,081<br />
180<br />
/14 2014/15<br />
<strong>2015</strong>/16<br />
UENCY<br />
TOTAL INCURRED
15 <strong>SWACC</strong> 30 th Anniversary<br />
CLAIMS 2011/16:<br />
5 YEAR HISTORY<br />
Top 5 Loss Leaders<br />
Freq<br />
Employment Liability<br />
Premises Liability<br />
Civil Rights (CR)<br />
Water - Non-Weather<br />
Arson
<strong>SWACC</strong> 30 th Anniversary<br />
16<br />
uency Total Incurred Average Expense<br />
160 $15,501,746 $55,353<br />
149 $6,128,110 $16,804<br />
53 $4,513,842 $48,093<br />
44 $3,627,117 $2,280<br />
3 $3,599,316 $12,679<br />
OVER $92M IN CLAIMS<br />
PAID SINCE 1985
17 <strong>SWACC</strong> 30 th Anniversary<br />
BREAKOUT OF<br />
PROJECTED LOSSES<br />
as of June 30, <strong>2016</strong><br />
$10M<br />
$0M<br />
05/06 06/07 07/08 08/09 09/10<br />
PROJECTED PAID LOSSES<br />
PROJECTED C
<strong>SWACC</strong> 30 th Anniversary<br />
18<br />
10/11 11/12 12/13 13/14 14/15 15/16<br />
ASE RESERVES<br />
PROJECTED IBNR LIABILITY
19<br />
<strong>SWACC</strong> 30 th Anniversary<br />
AUDITED<br />
FINANCIALS<br />
Total Assets $53,650,572<br />
Total Liabilities $25,243,178<br />
Total Net Position $28,407,394<br />
Designated:<br />
Capital Contribution $10,000,000<br />
Risk Management Reserve $83,747<br />
Rate Stabilization: Fund $1,544,311<br />
Unaudited Net Position: $16,779,336<br />
Detailed financial statements and Treasurer’s Reports include<br />
budget-to-actual comparisons and are provided to the <strong>SWACC</strong><br />
Finance Committee and Board of Directors as well as located on<br />
the <strong>SWACC</strong> website.
<strong>SWACC</strong> 30 th Anniversary<br />
20<br />
ASSOCIATION<br />
AFFILIATES<br />
(CAJPA)
21<br />
<strong>SWACC</strong> 30 th Anniversary<br />
SERVICE<br />
PROVIDERS
<strong>SWACC</strong> 30 th Anniversary<br />
22
23<br />
<strong>SWACC</strong> 30 th Anniversary<br />
OFFICERS<br />
Ed Maduli<br />
President<br />
Bay Area Community College Districts JPA<br />
Ann-Marie Gabel<br />
Vice President<br />
Long Beach Community College District<br />
Ken Stoppenbrink<br />
Treasurer<br />
West Hills Community College District<br />
Bill Kerwin<br />
Secretary<br />
Coast Community College District
<strong>SWACC</strong> 30 th Anniversary<br />
24
25<br />
<strong>SWACC</strong> 30 th Anniversary<br />
COMMITTEE<br />
CHAIRS<br />
Michael Robins<br />
Underwriting/Member Services<br />
Committee Chair<br />
Cabrillo Community College District<br />
Ann-Marie Gabel<br />
Claims & Coverage Committee Chair<br />
Long Beach Community College District<br />
Ken Stoppenbrink<br />
Finance Committee Chair<br />
West Hills Community College District<br />
Dianna Gonzales<br />
HR Committee Chair<br />
San Joaquin Delta Community College District
<strong>SWACC</strong> 30 th Anniversary<br />
26
27 <strong>SWACC</strong> 30 th Anniversary<br />
BOARD OF<br />
DIRECTORS<br />
Ed Maduli<br />
Bay Area Community<br />
College District JPA<br />
Michael Robins<br />
Cabrillo Community<br />
College District<br />
David El Fattal<br />
Cerritos Community<br />
College District<br />
Lorenzo Legaspi<br />
Chabot-Las Positas<br />
Community College District<br />
Claudette Dain<br />
Citrus Community<br />
College District<br />
Brent Swanson<br />
College of the Sequoias<br />
Bill Kerwin<br />
Coast Community<br />
College District<br />
Keith Curry<br />
Compton Community<br />
College District<br />
Gene Durand<br />
Desert Community<br />
College District<br />
JoAnn Higdon<br />
El Camino Community<br />
College District<br />
Jeff DeFranco<br />
Lake Tahoe Community<br />
College District<br />
Ann-Marie Gabel<br />
Long Beach Community<br />
College District<br />
Kara McGee<br />
Mount San Jacinto<br />
Community College District<br />
Andrew Suleski<br />
Northern California<br />
Community College SIA<br />
Bernard Sena<br />
Palomar Community<br />
College District<br />
Joe Simoneschi<br />
Pasadena Area Community<br />
College District
<strong>SWACC</strong> 30 th Anniversary<br />
28<br />
Steve Sutorus<br />
San Bernardino<br />
Community College District<br />
Frank Fennessey<br />
San Diego Community<br />
College District<br />
Dianna Gonzales<br />
San Joaquin Delta<br />
Community College District<br />
Deedee Orta Garcia<br />
Victor Valley Community<br />
College District<br />
Ken Stoppenbrink<br />
West Hills Community<br />
College District<br />
Brock McMurray<br />
West Kern Community<br />
College District<br />
Sharlene Coleal<br />
Santa Clarita Community<br />
College District<br />
Robert Isomoto<br />
Santa Monica Community<br />
College District<br />
Morris Rodrigue<br />
Shasta-Tehama-Trinity Joint<br />
Community College District<br />
Doug Roberts<br />
Sonoma County Junior<br />
College District<br />
Debra Fitzsimons<br />
South Orange County<br />
Community College District<br />
Priya Jerome<br />
Southwestern Community<br />
College District<br />
David Keebler<br />
Ventura County Community<br />
College District
<strong>2015</strong>/16 <strong>SWACC</strong> <strong>Annual</strong> <strong>Summary</strong><br />
Designed and Produced by:
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