ACWA JPIA Property Program Committee Meeting Agenda Packet June 2025
FM Renews as Lead Carrier in Property Reinsurance Tower
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Description
FM renewed its role as lead carrier in ACWA JPIA’s property program for 2025-26, insuring the largest assets with a $500 million limit. FM committed to a long-term agreement supporting structural program improvements and renewal date transition.
Contract Details
Vendor
FM
Agency
Association Of California Water Agencies Joint Power Ins Auth, CA
Contract Type
INSURANCE
Document Date
June 26, 2025
Contract Term
July 1, 2025 – March 31, 2026 (with long-term agreement renewal April 1, 2026 – March 31, 2027)
Renewal Date
2026-03-31
Renewal Info
Long-term agreement includes transition to April 1 program renewal date in 2026; terms consistent with expiring policy; subject to annual negotiation as needed.
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APPROVEDthe-college-of-new-jersey-agenda-2025-06-26_a9e.pdf
approvedthe-college-of-new-jersey-agenda-2025-06-26_f40.pdf
approvedIssuing Agency
Association Of California Water Agencies Joint Power Ins Auth
Special District
Roseville, CA
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