CARMA is an excess general liability pool consisting of six (6) member Joint Powers Authorities (JPA), with over 165 underlying members. CARMA provides excess liability coverage up to 25,000,000 per occurrence in the event of a catastrophic loss. Following is a chart outlining the layers of coverage offered for the 2007/2008 program year.
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COLONY EXCESS INSURANCE COMPANY
$10,000,000 excess of $15,000,000
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EVEREST REINSURANCE COMPANY
$10,000,000 excess of $5,000,000
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CARMA RETAINED LIMIT
$4,000,000 excess of $1,000,000
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MEMBER RETAINED LIMIT
$1,000,000
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For more information regarding the CARMA program, please contact Mr. Rob Kramer, Executive Director, or Ms. Sandra Spiess, Board Secretary, at 800.541.4591, extenstion 1117 and 1182, respectively.