City of Palos Verdes Estates Staff Report Discussion of Fiscal Year 2026-2027 Preliminary Budget Development 2026-03-10
City Faces Rising CJPIA Insurance Premiums For FY 2026-27
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Description
The City’s ongoing participation in CJPIA insurance programs covers liability, workers’ compensation, property, pollution, crime, and cyber risks. Premiums totaling over $1.26 million in FY 2025-26 are expected to rise notably in FY 2026-27, increasing the City’s insurance cost burden.
Contract Details
Vendor
CJPIA
Agency
City of Palos Verdes Estates, CA
Contract Type
INSURANCE
Document Date
March 10, 2026
Contract Term
FY 2025-26 with projected increases for FY 2026-27
Renewal Info
Membership-based pooled insurance arrangement expected to continue into FY 2026-27 with actuarially determined rate adjustments; no explicit renewal action described in this report.
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