CERMA captive funding transfer
Employment Risk Management Authority (Erma)California- Detected
- Oct 23, 2026
- 11 days ago
- Sector
- Insurance
- Est. value
- Free account
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From the meeting
At its October 23, 2026 meeting, the board received a finance report on the capitalization of CERMA. The report said a total of $47,485,000 was transferred to fund the captive insurance program, including $35,665,000 for the liability loss portfolio transfer and $11,820,000 for FY 2026-27 go-forward program funding. The funding process was completed through July and August 2026, and the board was asked to receive and file the June 25, 2026 captive implementation report.
- Meeting date
- October 23, 2026
- Agency
- Employment Risk Management Authority (Erma)
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