PURMIT Board of Trustees Meeting – June 27, 2019

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on June 27, 2019.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on June, 27, 2019.  The session will address documents and information relating to the 2019-2020 allocation model.  The executive session is being held pursuant to ORS 192.660(2)(f).

The meeting will be conducted via conference call. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.

PURMIT Board of Trustees Meeting Agenda

 

  1. Call to Order, Roll Call
  2. Executive Session Pursuant to ORS 192.660(2)(f)
  3. Final Decisions Related to Executive Session Discussions (if any)
  4. Adjournment

Public Meeting Notice – June 19, 2019

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:30 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on June 19, 2019. PURMIT will also hold an executive session immediately following the regular meeting agenda items on June, 19, 2019.  The session will address documents and information relating to the 2019-2020 allocation model.  The executive session is being held pursuant to ORS 192.660(2)(f).

The meeting will be conducted via conference call. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.


PURMIT Board of Trustees Meeting Agenda


  1. Call to Order, Roll Call
  2. Executive Session Pursuant to ORS 192.660(2)(f)
  3. Final Decisions Related to Executive Session Discussions (if any)
  4. Adjournment

Public Meeting Notice – May 29, 2019

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 8:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on May 29, 2019.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on May 29, 2019.  The session will address documents and information relating to the 2019-2020 allocation model.  The executive session is being held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The meeting will be conducted via conference call. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.

PURMIT Board of Trustees Meeting Agenda

  1. Call to Order, Roll Call
  2. Executive Session Pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h)
  3. Final Decisions Related to Executive Session Discussions (if any)

Adjournment

PURMIT Board of Trustees Meeting – February 5, 2019

PURMIT Board of Trustees Meeting

February 5, 2019

Minutes

Trustees Present:  Ryan Hagemann (WOU) Brian Roy (PSU), Christina McKnight (OSU), Greg Perkinson (SOU), Vivian Chen (OIT), Lara Moore (EOU)

Others Present: Sheryl Sattler, Ryan Britz (Berkley), Ron Graybeal, Tim Clarke (BBNW), James Parker (DWT), Jamie Kilcoyne and Taylor Marsden (K Financial)

 

Call to Order

Chair Lara Moore called the meeting to order at 11:08 a.m.

Roll Call

Roll call was taken.

Review and Approval of Minutes

Meeting minutes from the October 2, 2018 PURMIT Board of Trustees meetings were reviewed and discussed.

Action:

A motion was made by Ms. Moore to approve the minutes.  The motion was seconded by Mr. Hagemann.  The motion carried with no objections.

PURMIT Financial Auditors Report for Fiscal Year 2017 – 2018

Mr. Kilcoyne and Mr. Marsden presented the audited financial report.  Mr. Kilcoyne noted that this was the fourth year for K Financial performing PURMIT’s audit.  Mr. Kilcoyne noted that the majority of their work was completed in September and the final report was completed in November.  He discussed the auditor’s letter and noted that management’s estimates for reserves are at an appropriate level.  Mr. Kilcoyne noted that the Management Discussion and Analysis document is a requirement for the audit process and it provides a high level overview of the program and K Financial’s audit results.  K Financial issued PURMIT a clean audit.  Mr. Kilcoyne thanked the group for their confidence selecting K Financial to perform PURMIT’s financial audit.

Action:

No action taken at this time.

PURMIT Financial Review as of June 30, 2018

Ms. Sattler from Berkley Risk presented the financial information as of December 31, 2018. Ms. Sattler noted PURMIT had $2.7M of operating revenue and an operating income of $742K, resulting in a current surplus of $9.7M.  Ms. Sattler continued her discussion with the balance sheet portion of the financial statement, noting the Trust has $21M in assets and $11.2M in liabilities.  Ms. Sattler also noted that since the designated funds had been transferred to the Oregon State Treasury, PURMIT has earned approximately $112,000 of investment income.  Ms. Sattler commented that all Trust lines of business are now operating at a profit.  PURMIT’s expenses remained on budget through December. PURMIT continues to add surplus to the operation and has positioned itself well by utilizing the Oregon State Treasury as an investment vehicle within the overall PURMIT investment portfolio.    Berkley continues its quarterly review of the surplus position and will advise the Trustees as to the amounts that are eligible for transfer to the Oregon State Treasury.  Finally, Ms. Sattler mentioned that PURMIT’s financial position is above the Oregon statute’s regulatory requirement.

Action:

No action taken at this time.

Financial Proforma Update and Discussion

Ms. Sattler continued the financial discussion by reviewing the Proforma document and its trajectory out to 2022.  Ms. Sattler noted that the Proforma document does not include any potential SAIF dividend for the group for the 2019 year and beyond.  Ms. Sattler also noted that the Proforma is in line with prior assumptions and factors that were utilized to generate the exhibit.  Mr. Roy asked where the Trust is with gaining access to the Oregon Public University Fund.  Mr. Parker noted that he continues to work on this project with the appropriate folks to gain acceptance to the fund.  Mr. Roy noted the importance of PURMIT accessing the fund and the potential increased return on our invested assets.

Action:

No action taken at this time.

July 1, 2019 Renewal Process and Timeline

Mr. Britz presented to the Trustees the proposed timeline Berkley and Brown & Brown Northwest plan to follow for analysis and implementation of the coverages that renewal July 1, 2019.  Mr. Roy asked if there were any concerns or other items that the group needs to be aware of regarding the liability renewal.  Mr. Clarke noted that the market is experiencing general firming of rates and that the group should expect a modest rate change at renewal.

Action: 

No action taken at this time.

Uninsured Motorists/Underinsured Motorists Coverage Discussion

Mr. Parker recommended that PURMIT and its member universities sign an election form confirming what PURMIT offered and what the member purchased.  He also recommended that this be done annually for the file.  Mr. Roy agreed with the approach and annual discussion.  Mr. Parker noted that he would finish the documents and transmit to the group for signature.

Action:

No action taken at this time.

The Trustees called a break at 9:51 a.m.

The meeting was called back into session and 10:00 a.m.

Executive Session

The Board adjourned the regular meeting and went into Executive Session at 10:02 a.m. to address documents and information relating to attorney-client privileged communications and trade secret documents.  The executive session was held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The Board exited Executive Session at 11:01 a.m.

Final Decisions Related to Executive Session Discussions (if any)

The Board made no decisions related to executive session.

Procor Solutions & Consulting

The Trustees continued this discussion as a carry-over from the previous meeting.  Mr. Roy commented that he was in favor of this proposal and recommended that the group move forward with the proposal.  Mr. Clarke echoed Mr. Roy’s comments and added the importance of understanding the financial impacts that each member institution may have resulting from a claim.  The process that ProCor uses will assist each institution with establishing the correct Business Income valuation as well as providing a general overview and benefit to understanding each institutions overall financial operations.  Mr. Roy was in favor of engaging ProCor based on the provided proposal.  Mr. Perkinson agreed that the proposal and process made sense to move forward.  Mr. Roy noted that we need to confirm that the proposal and acceptance meet the Oregon procurement code.  Mr. Britz noted that he would confirm the process.  Mr. Parker suggested the Trustees authorize Berkley to move forward with the ProCor proposal, contingent upon confirmation from PSU regarding the procurement process.

Action:

A motion was made by Mr. Roy to authorize Berkley to accept the ProCor proposal, subject to confirmation of the procurement code.  The motion was seconded by Ms. Moore.  The motion carried with no objections.

Legal Counsel Items

Mr. Parker commented that he completed his annual reporting to the State of Oregon back in December, per his direction from the Trustees.  Mr. Parker continued the discussion from PURMIT’s last meeting, regarding the development of PURMIT’s own memorandum of coverage.  After discussion with Brown & Brown Northwest and Berkley, all parties agreed that the property coverage should be the first coverage form developed.  The proposed timeline is for the July 1, 2020 renewal cycle, and the Trust should allocate $50,000 for completion of the project.  Mr. Roy agreed with making the change from excess coverage to a coverage memorandum and then continuing to make additional changes, as needed in the future.  Ms. McKnight agreed with Mr. Roy’s approach and comments.  Mr. Perkinson agreed with the process as well.  Mr. Parker also noted that if the Trustees agreed with the approach, DWT may be able to complete the project within their annual projected budget.  He also noted that he can reach out to other known coverage lawyers in Oregon to gauge interest and determine costs if requested.  Mr. Roy asked whom, within the group, should work on this project.  Mr. Parker noted that it would be himself, Brown & Brown Northwest, Berkley and other DWT staff, as needed.  Mr. Roy asked if DWT has experience drafting coverage language.  Mr. Parker noted that in addition to himself drafting coverage language in the past, there are other lawyers within DWT that can assist with the project.  In addition, he noted that he can further refine the process and identify the folks that will be involved and discuss at the Trustee meeting in the Spring.  Mr. Roy agreed with this approach.   Mr. Parker finished by commenting that he continues to work with Origami’s general counsel to get to resolution regarding the open items.  He will update the Trustees at the next meeting.

Action:

No action taken at this time.

Other Items

Mr. Britz commented that Brown & Brown Northwest has secured a revised list of excluded countries from the Foreign Voluntary Workers’ Compensation coverage, greatly reducing the list of excluded countries.  Mr. Britz recommended the Trustees agree to the revised list and upon doing so, he would instruct Brown & Brown to inform the carrier of PURMIT’s intent.

Action:

No action taken at this time.

Adjourn

The Board adjourned the meeting at 11:35 a.m.

PURMIT Board of Trustees Meeting – May 16, 2019

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on May 16, 2019. PURMIT will also hold an executive session immediately following the regular meeting agenda items on May 16, 2019. The session will address documents and information relating to the 2019 – 20 allocation model, attorney-client communications regarding the handling of PURMIT documents by regulatory bodies and contract provisions, and potential and/or current litigation. The executive session is being held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.

PURMIT Board of Trustees Meeting Agenda

 

  1. Call to Order, Roll Call
  2. Review and Approval of Minutes from February 5, 2019 PURMIT Board of Trustees Meeting
  3. Financial Review as of March 31, 2019
  4. K Financial and PwC LLP 2019 Engagement Contracts
  5. Legal Counsel items
  6. Executive Session Pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h)
  7. Final Decisions Related to Executive Session Discussions (if any)
  8. Other items
  9. Adjournment

PURMIT Board of Trustees Meeting – December 19, 2018

PURMIT Board of Trustees Meeting

December 19, 2018

Minutes


Trustees Present: Brian Roy (PSU), Christina McKnight (OSU), Greg Perkinson (SOU), Vivian Chen (OIT), Lara Moore (EOU)

Trustees Not Present: Ryan Hagemann (WOU)

Others Present: Ryan Britz and Jon Weber (Berkley), Teresa Carson-Mastrude (EOU), Treasa Sprague (SOU), Carson Campbell (WOU), Greg Chaimov (DWT)


Call to Order

Chair Brian Roy called the meeting to order at 11:02 a.m.

 

Roll Call

Roll call was taken.

RMIS Request for Proposal Responses – Presentation and Discussion

Mr. Britz started the meeting by mentioning that PURMIT has a new Trustee from OSU, Christina McKnight. OSU’s prior Trustee, Patrick Hughes, took a job with a different organization and is no longer eligible to be the OSU Trustee.  He mentioned that OSU’s President had sent the letter to James Parker notifying him that Ms. McKnight was named the PURMIT Trustee on behalf of OSU.

Mr. Britz continued the meeting by outlining the process the Risk Council went through to generate, issue and analyze the RMIS RFP responses. He also mentioned the Risk Council invited all three RFP respondents to perform a live demonstration of their company’s RMIS system and processes.  Upon completion of the demonstrations, the Risk Council members each individually scored the RFP responses and supplied those scores to him.  The Risk Council scoring resulted in a unanimous recommendation to the Board of Origami Risk as the RMIS software for PURMIT.

Ms. McKnight asked how an RMIS was going to be paid for.

Mr. Roy noted that the Trust would pay any invoices due from Origami now, with future amounts being included as part of the overall allocation process. Ms. Moore and Mr. Perkinson both expressed agreement with Mr. Roy’s comments.

Action:

A motion was made by Mr. Roy instructing Berkley to notify Origami Risk of the Trust’s decision to select them as the RMIS software provider for the Trust subject to Origami’s agreement on contract terms consistent with PURMIT’s RFP. The motion was seconded by Mr. Perkinson.  The motion carried with no objections.

Executive Session

The Board did not adjourn to executive session.

Final Decisions Related to Executive Session Discussions (if any)

Adjourn

The Board adjourned the meeting at 11:40 a.m.

PURMIT Board of Trustees Meeting – October 2, 2018

PURMIT Board of Trustees Meeting

October 2, 2018

Minutes


Trustees Present: Ryan Hagemann (WOU) Brian Roy (PSU), Patrick Hughes (OSU), Greg Perkinson (SOU), Vivian Chen (OIT), Lara Moore (EOU)

Others Present: Sheryl Sattler, Ryan Britz (Berkley), Ron Graybeal, Ron Cutter, , Richard Poling (BBNW), James Parker (DWT)


 

Call to Order

Chair Brian Roy called the meeting to order at 9:06 a.m.

 

Roll Call

Roll call was taken.

Review and Approval of Minutes

Meeting minutes from the April 24 2018 and the May 22, 2018 PURMIT Board of Trustees meetings were reviewed and discussed.

Action:

A motion was made by Mr. Hughes to approve all minutes. The motion was seconded by Mr. Roy.  The motion carried with no objections.

Board of Trustees Chair and Vice Chair

Mr. Roy noted that he has been PURMIT’s Chairperson for two years and that it is time to bring in someone new. He commented that the past few Chair and Vice chair rotations have been with himself and Mr. Hughes.  In addition, typically the Chair would become Vice Chair and the Vice Chair would then be done serving in their role and remain as a PURMIT Trustee.  Mr. Roy noted that Ms. Moore, with her history as a Trustee and long term involvement on the Board, would be a strong leader to fill the Chairperson role.  Ms. Moore commented that she would be willing to serve as PURMIT’s next Chairperson.

Action:

A motion was made by Mr. Roy naming Ms. Moore as Chair of PURMIT and Mr. Roy as Vice Chair. The motion was seconded by Mr. Hughes.  The motion carried with no objections.  Mr. Hughes thanked Mr. Roy for his work as PURMIT Chair the past two years.

PURMIT Financial Review as of June 30, 2018

Ms. Sattler from Berkley Risk presented the financial information as of June 30, 2018. Ms. Sattler noted PURMIT had $4.8M of operating revenue and an operating income of $2.4M, resulting in a current surplus of $8.9M. Ms. Sattler continued her discussion with the balance sheet portion of the financial statement, noting the Trust has $15.7M in assets and $6.7M in liabilities.  Ms. Sattler also noted that since the designated funds had been transferred to the Oregon State Treasury, PURMIT has earned approximately $116,000 of investment income.  Ms. Sattler commented that all Trust lines of business are now operating at a profit.  PURMIT’s expenses remained on budget through June.  .  PURMIT continues to add surplus to the operation and has positioned itself well by utilizing the Oregon State Treasury as an investment vehicle within the overall PURMIT investment portfolio.  Mr. Roy asked about PURMIT’s actual incurred legal fees.  Ms. Sattler said they will pull the fees to date and advise actual numbers.  Mr. Britz noted that the Trust has now stabilized the claims process and that most old claim inventory has been cleaned up and in many cases closed out.  He continued by saying that the large decreases to the actuarial study will likely begin to slow down and barring any changes in frequency and/or severity or Trust retention appetite, the study will begin to stabilize.  Finally, Ms. Sattler mentioned that PURMIT’s financial position is above the Oregon statute’s regulatory requirement.

Action:

No action taken at this time.

Financial Proforma Update and Discussion

Ms. Sattler continued the financial discussion by reviewing the proforma document and its trajectory out to 2021. Ms. Sattler noted that the proforma document included the SAIF dividend for the group for the 2019 year.  Ms. Sattler also noted that the proforma is in line with prior assumptions and factors that were utilized to generate the exhibit.

Action:

No action taken at this time.

Surplus Analysis Presentation

Mr. Graybeal commented that BBNW was going to offer an alternate to the PURMIT actuary’s proposal regarding the ongoing surplus adequacy discussion. He noted that Mr. Poling will be discussing the data needs and the process of comparative metrics between PURMIT and similar pools to offer a benchmark.  He further noted that PURMIT may look to set a goal to develop a “free capital methodology” supporting PURMIT’s financial obligations and goals, and then determining how to best serve the Trust with the additional funds.  Mr. Poling noted that in order to start this process, three items are needed:  the actuarial study, financial industry ratios and capital adequacy measures, and a benchmarking stud of the cost of risk to compare to other local pools.  Mr. Hughes asked how Mr. Poling will find out the risk appetite of each institution, as they will vary from one to the next.  Mr. Poling proposed sending out a questionnaire that would ascertain the pertinent information from each member.  He also noted that he will need the actuary to provide additional confidence level information to the Trust so he can provide a surplus range for the Trust to consider.  Mr. Parker noted for Berkley to instruct the actuary to obtain additional confidence levels per Mr. Poling’s request.  Mr. Roy summarized the discussion noting the following two points:  1.  Establish the desired confidence level/range based on actuarial data.  2.  Second level surplus growth (above the confidence level band) and deployment of those funds as appropriate.

Action:

No action taken at this time.

The Trustees called a break at 10:01 a.m.

The meeting was called back in session at 10:10 a.m.

Media Liability

Mr. Britz said that PURMIT members are being requested to show larger liability limits on the Media Liability contract and certificates of insurance. He noted that BBNW was able to secure agreement from PURMIT’s liability carrier to extend coverage on top of the existing Media Liability coverage.  Mr. Hughes noted that several vendors have been requesting the higher limits in order to meet contractual obligation and that the increased limit would be helpful meeting those requirements.

Action:

A motion was made by Mr. Roy to bind the additional coverage limit for the Media Liability per the BBNW secured quote. The motion was seconded by Mr. Hagemann.  The motion carried with no objections.

Uninsured/Underinsured Motorists Coverage

Mr. Britz recommended that PURMIT adopt a resolution affirming the coverage limit the Trust offers in the event of an uninsured/underinsured motorists claim. Mr. Cutter noted as an agency practice, BBNW recommends to all of their self-insured clients that they adopt a resolution stating coverage and limit for uninsured/underinsured motorists coverage.  Mr. Hughes asked if each institution needed to sign as well, or if it was sufficient to be handled at the Trust level.  Mr. Parker proposed that the Trust look into this further and bring back a proposed solution at the next meeting.

Action:

No action taken at this time.

Procor Solutions & Consulting

Mr. Britz said that as part of the member institutions desire to establish the appropriate business income levels, BBNW introduced Procor to the risk council. The risk council was presented with options for consideration to establish next steps in the business income valuation process.  Risk council recommended that PURMIT select the option that includes business income valuation services for each of the six institutions.  Included in this process would be meeting with Procor to work through a series of metrics and data requests to establish the base data for Procor to develop the appropriate business income value.  Mr. Roy noted this is a worthy endeavor and necessary for the member institutions, but would like to explore a more efficient method for the metrics and data gathering discussion.  Mr. Hughes commented that if we’re spending the money on the product, we should provide all the appropriate information accurately so as to get the most accurate result.  Mr. Parker noted that procurement law may affect the process and that the Trust should check with the procurement requirements prior to selecting the services.  Ms. Moore agreed that this is an important process for the institutions to take part in.  Ms. Chen requested an example of the work product for review prior to moving forward.  Mr. Cutter said he would work with Procor to move the process forward.

United Educators

Mr. Britz commented that the member institutions are again working through the risk management practices credit process with United Educators. He noted that the process is similar to last year and that the program has been discussed with risk council and they are all moving toward selecting the completing their desired educational track.

Action:

No action taken at this time.

Legal Counsel Items

Mr. Parker informed the Board that work would resume on PURMIT’s entry into the Public Universities Fundnow that the Trust is eligible to hold an account with the Oregon State Treasury. Mr. Parker continued by asking the Trustees if they would like him to begin exploring the early stages of developing their own Memorandum of Coverage.  Mr. Roy asked Mr. Parker for a reasonable timeline to get this completed, what line of coverage is recommended they start with?  Mr. Roy also asked if BBNW has recommended language for the Trust to start looking at.  Mr. Graybeal noted there would also be a cost to generate the document.  Mr. Roy commented that he would like to see the following by the next meeting:  timeline, budget and which line of business to begin the process.  Mr. Parker commented that he would work with BBNW and Berkley Risk to begin outlining the process and desired items expressed by Mr. Roy.

Action:

No action taken at this time.

Other Items

Mr. Britz commented that the risk council has received responses from the RMIS RFP and that they are planning to have three respondents do an in person demonstration of their respective system. He continued by noting that the risk council would evaluate the proposals and demonstration together to determine which RMIS system is the best fit for PURMIT members.  The risk council will also make a recommendation to the Trustees for discussion and approval, at a future Trustee meeting.  The Trustees agreed with this approach.

 

Executive Session

The Board adjourned the regular meeting and went into Executive Session at 1:10 p.m. to address documents and information relating to attorney-client privileged communications and trade secret documents. The executive session was held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The Board exited Executive Session at 1:43 p.m.

Final Decisions Related to Executive Session Discussions (if any)

The Board re-entered the regular meeting at 1:44 p.m.

There were no final decisions or actions related to Executive Session discussions.

Other Items

Adjourn

The Board adjourned the meeting at 1:47p.m.

PURMIT – Public Meeting Notice – February 5, 2019

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on February 5, 2019. PURMIT will also hold an executive session immediately following the regular meeting agenda items on February 5, 2019.  The executive session will address documents and information relating to attorney-client communications regarding PURMIT claims, trade secret and potential and/or current litigation.  The executive session is being held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.


PURMIT Board of Trustees Meeting Agenda


  1. Call to Order, Roll Call
  2. Review and Approval of Minutes from October 2, 2018 and December 19, 2018 Board of Trustees Meetings
  3. PURMIT Financial Auditors Report for Fiscal Year 2017-2018 – K Financial
  4. Financial Review as of December 31, 2018
  5. Financial Proforma Update and Discussion
  6. July 1, 2019 Renewal Process and Timeline
  7. Uninsured Motorists/Underinsured Motorists Coverage Discussion
  8. ProCor Solutions & Consulting – Business Interruption Valuation Proposal
  9. Executive Session Pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h)
    1. PURMIT Actuarial Report Review as of 6/30/2018 – PricewaterhouseCoopers
    2. Specific Claims Updates
  10. Final Decisions Related to Executive Session Discussions (if any)
  11. Legal Counsel Items
  12. Other Items
  13. Adjournment

PURMIT – Public Meeting Notice – December 19, 2018

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on December 19, 2018.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on December 19, 2018. The executive session is being held pursuant to ORS 192.660(2)(f).

A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.

PURMIT Board of Trustees Meeting Agenda

 

  1. Call to Order, Roll Call
  2. RMIS Request for Proposal Responses – Presentation and Discussion
  3. Executive Session Pursuant to ORS 192.660(2)(f)
  4. Final Decisions Related to Executive Session Discussions (if any)
  5. Adjournment

Public Meeting Notice – October 2, 2018

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 a.m. at Davis Wright Tremaine LLP, 1300 SW Fifth Avenue, Suite 2400, Portland OR on October 2, 2018.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on October 2, 2018.  The executive session will address documents and information relating to attorney-client communications regarding the handling of PURMIT documents and potential and/or current litigation.  The executive session is being held pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h).

The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Ryan Britz at 800-449-7707.

PURMIT Board of Trustees Meeting Agenda

  1. Call to Order, Roll Call
  2. Review and Approval of Minutes from the April 24,2018 and May 22, 2018 PURMIT Board of Trustees Meetings
  3. Board of Trustees Chair and Vice Chair
  4. Financial Review as of June 30, 2018
  5. Financial Proforma Update and Discussion
  6. Media Liability – Addition to UE GLX policy
  7. Uninsured/Underinsured Motorists Coverage
  8. Procor Solutions & Consulting – Business Interruption Valuation Proposal
  9. United Educators – Risk Management Practices Credit Program
  10. Legal Counsel items
  11. Other items
  12. Executive Session Pursuant to ORS 192.660(2)(f) and ORS 192.660(2)(h)
  13. Final Decisions Related to Executive Session Discussions (if any)
  14. Adjournment