Loss portfolio transfer claims coverage update
State Wide Association Of Community CollegesCalifornia- Detected
- Nov 20, 2026
- Sector
- Insurance
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From the meeting
At its November 20, 2026 meeting, the SWACC Board received an information-only update on the Loss Portfolio Transfer (LPT) it had already approved for General Liability, Employment Practices, and sub-limited defense coverages. The LPT covers losses in the retained layer from July 1, 1986 through June 30, 2018. SWACC will still settle claims in those years, but reinsurers will pay amounts above the member's MRL up to $1,000,000.
The manager said the update would use combined claims paid activity and actuarial projections for NCR and SWACC.
- Meeting date
- November 20, 2026
- Agency
- State Wide Association Of Community Colleges
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