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ACWA JPIA Property Program Committee Meeting Agenda Packet March 2026

BHSI to Underwrite Parametric Earthquake Insurance

$497,193 (for parametric coverage, included in purchased excess insurance)Association Of California Water Agencies Joint Power Ins AuthBERKSHIRE HATHAWAY SPECIALTY INSURANCEMarch 26, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Berkshire Hathaway Specialty Insurance is slated to underwrite ACWA JPIA's new parametric earthquake insurance for 2026-27 at a cost of $497,193, providing rapid payouts after seismic events.

Contract Details

Contract Amount

$497,193 (for parametric coverage, included in purchased excess insurance)

Vendor

BERKSHIRE HATHAWAY SPECIALTY INSURANCE

Agency

Association Of California Water Agencies Joint Power Ins Auth, CA

Contract Type

INSURANCE

Document Date

March 26, 2026

Contract Term

April 1, 2026 – March 31, 2027

Renewal Date

2027-03-31

Renewal Info

New contract, first year; renewal/expansion potential pending program success.

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