A California public agency dedicated to innovative approaches in providing financial protection for its public entity members against catastrophic loss.

CARMA is an excess general liability pool consisting of five (5) member Joint Powers Authorities (JPA), with over 135 underlying members. CARMA provides excess liability coverage up to $29,000,000 per occurrence in the event of a catastrophic loss.



 

About CARMA


CARMA has always been a viable and highly successful alternative to the commercial insurance market. Throughout most of CARMA's existence, the economic climate in the United States has been good, and the insurance market has been "soft." During this period, CARMA has prospered by taking advantage of the low cost of excess insurance and reinsurance available in the market.

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Coverage



Layers of coverage offered for the 2017/2018 program year:

ALLIED WORLD NATIONAL ASSURANCE COMPANY

$15,000,000 excess of $14,000,000

GREAT AMERICAN

$9,000,000 excess of $5,000,000

CARMA RETAINED LIMIT

$4,000,000 excess of $1,000,000

MEMBER RETAINED LIMIT

$1,000,000

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Contact Information


Mailing Address:
California Affiliated Risk Management Authorities
1750 Creekside Oaks Drive, Suite 200
Sacramento, CA 95833
Toll free: (800) 541-4591
Phone: (916) 244-1100
Fax: (916) 244-1199
 

 

Accreditation

The California Affiliated Risk Management Authority (CARMA) has met all of the high professional standards established by the California Association of Joint Powers Authorities (CAJPA) in the areas of governance, finance, claims control, and safety and loss control. CAJPA's accreditation process requires reviews by independent consultants in all of these areas including the areas of accounting, claims adjusting, and actuarial analysis. To further meet accreditation with excellence standards, a joint powers authority must maintain necessary excess coverage and provide risk management and loss control services.

CARMA is proud to say it is Accredited with Excellence by the California Association of Joint Powers Authorities (CAJPA).



          

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