June 6, 2024

PURMIT Board of Trustees Meeting Notice


The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific at Brown & Brown 601 SW 2nd Ave #1200, Portland, OR 97204 on June 13th, 2024. PURMIT will also hold an executive session immediately following the regular meeting agenda.  The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

PURMIT Board of Trustees Meeting Agenda

 

  1. Call to Order
  2. New Trustee introduction
  3. PUF update
  4. Executive Session Pursuant to ORS 192.660(2)(f)
    1. Renewal Update
  5. Action Related to Executive Session
  6. Next Board meeting: June 20th, 2024
  7. Adjournment
April 5, 2024

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific on April 11th, 2024 at Brown & Brown Northwest, 601 SW Second Ave, Unit 1200, Portland, OR 97204.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on April 11th, 2024. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f), and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Approval of Agenda
  3. Review and Approval of Meeting Minutes from 1/23/24
  4. Broker Update
    1. Market Update
    2. Renewal applications
    3. GRC Loss Control inspections discussion
    4. London Meeting
    5. Casualty Renewal Planning
    6. CANOPY training program
  5. UIM and PIP update
  6. K Financial Engagement Letter
  7. PwC Engagement Letter
  8. Administrator Update
    1. Board Retreat and Education Day
  9. Executive Session pursuant to ORS 192.660(2)(f), & 192.660(2)(h)
    1. Rockland BI study results
    2. Actuarial Rate update
    3. Capital Adequacy discussion
    4. Memorandum of Coverage (MOC)
    5. SAIF retro eval walkthrough
    6. Claims/Litigation update
  10. Legal Items
  11. Other
  12. Adjournment
January 12, 2024

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific on January 23rd, 2024 at Brown & Brown Northwest, 601 SW Second Ave, Unit 1200, Portland, OR 97204.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on January 23rd, 2024. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f), and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Introduction of new Trustee
    1. Venu Nair – WOU general counsel
  3. Presentation by Dan Connell with UE
    1. Discussion regarding going from one Master UE policy for PURMIT and all members to individual policies going forward.
  4. Review and Approval of Meeting Minutes from 10/12/23
  5. Broker Update
    1. BI study update with Rockland
    2. Market Update
    3. Renewal applications
    4. GRC Loss Control inspections discussion
    5. Active assailant/Deadly Weapons protection
    6. London Visit
    7. Marketing for casualty MOC
  6. Audit results
    1. Presentation from K Financial
  7. Financial Review
    1. Financial Statement review
    2. Update on PUF account
  8. Administrator Update
    1. Board Retreat and Education Day
  9. Executive Session pursuant to ORS 192.660(2)(f), & 192.660(2)(h)
    1. Actuarial Update
      1. Capital Adequacy Assessment update
    2. Memorandum of Coverage (MOC)
    3. Claims/Litigation update
  10. Legal Items
  11. Other
  12. Adjournment
October 6, 2023

PURMIT Board of Trustees Meeting – October 12, 2023

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific on October 12th, 2023 at Brown & Brown Northwest, 601 SW Second Ave, Unit 1200, Portland, OR 97204.  PURMIT will also hold an executive session immediately following the regular meeting agenda items on October 12th, 2023. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f), and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

PURMIT Board of Trustees Meeting Agenda

  • Call to Order
  • Review and Approval of Meeting Minutes from 6/20/23 and 6/27/23
  • Introduction of new Trustees
    • LeeAnne Case – EOU
    • LouAnn Vickers – WOU
    • Dr. Neil Woolf – SOU
  • PWC –
    • Reserve adequacy review
    • Capital Adequacy Assessment update
  • Broker Update
    • Renewal update
    • Market Update
      • UE update
    • Update on Deadly Weapons Protection
    • Scope of 23-24 GRC loss control program
      • Status of loss control recommendations
      • Onsite Loss control inspections: new buildings vs. repeat visits
      • Replacement cost valuations: Desktop and now also some onsite visits
      • Updated business income analysis: Rockland Consulting or formal RFP process?
  • Financial Review
    • Financial Statement review
    • Update on PUF account
  • Administrator Update
    • Risk Council update
  • Executive Session pursuant to ORS 192.660(2)(f), & 192.660(2)(h)
    • Memorandum of Coverage (MOC)
    • Claims/Litigation update
    • Ratify email vote for 10/1 UE, Liberty, and AWAC policy renewal
  • 2024 Board Meeting Calendar
  • Other
  • Adjournment
June 26, 2023

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific at Brown & Brown Northwest, 601 SW Second Ave, Unit 1200, Portland, OR 97204.  PURMIT will also hold an executive session immediately before the regular meeting agenda items on June 27th, 2023. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f) and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

 PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Executive Session pursuant to ORS 192.660(2)(f), & 192.660(2)(h)
    1. Renewal Pricing/Term Update
    2. Allocation Model Review
    3. Legal Items
    4. Claims Manual updates
  3. Final decisions related to Executive Session
    1. Binding of July 1 Program
    2. Adopt final 2023-24 Allocation Model
    3. Claims Manual Amendments
  4. Next Board Meeting Date: October 12th, 2023
June 16, 2023

June 20, 2023 Board Meeting


The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 1:00 P.M. Pacific at Brown & Brown, Portland, OR. PURMIT will also hold an executive session immediately following the regular meeting agenda items on June 20th, 2023. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f), and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

 

PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Review and Approval of Meeting Minutes from May 4, 2023
  3. Review and Approval of Meeting Minutes from June 13, 2023
  4. London Trip update
  5. Review MOC Budget
  6. Executive Session Pursuant to ORS 192.660(2)(f) & (g)
    1. Renewal Pricing/Term Update
      • Property placement
      • BLX Endorsement review
      • Ancillary lines
    2. Initial Allocation Review
    3. Legal Items
    4. Large Loss review
    5. Claims Manual updates
  7. Next Board Meeting Date: 6/27/23
  8. Adjournment
June 8, 2023

June 13, 2023 – PURMIT Board of Trustees meeting

PURMIT Board of Trustees Meeting Notice


The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific at Brown & Brown, Portland, OR on June 13th, 2023. PURMIT will also hold an executive session immediately following the regular meeting agenda.  The session will address trade secrets and potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f) and (g). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

 

PURMIT Board of Trustees Meeting Agenda

 

  1. Call to Order
  2. Executive Session Pursuant to ORS 192.660(2)(f) & (g)
    1. Litigation Settlement
    2. Renewal Pricing/Term Update
      • Property
      • Casualty
    3. Actions Related to Executive Session (if any)
    4. Next Board meeting: June 20th, 2023
    5. Adjournment
April 24, 2023

PURMIT Board of Trustees Meeting Notice

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific on May 4th, 2023 at Brown and Brown 601 SW 2nd Ave #1200, Portland OR, 97204. PURMIT will also hold an executive session immediately following the regular meeting agenda items on May 4th, 2023. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f), and 192.660(2)(h). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to Jared Tripp at 712-329-3619.

 PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Review and Approval of Meeting Minutes from 1/23/23
  3. Approval of Agenda
  4. Inspections & Valuations Presentation (Global Risk Consultants)
    1. Findings during site visits/Loss Control and Valuation presentation
    2. Trending of values for replacement cost
  5. Broker Update (Brown and Brown)
    1. Renewal update
    2. GRC Impacts
    3. Business Interruption approach
    4. Market Update
    5. London Meetings
  6. Actuarial rate review and update (Price Waterhouse Cooper)
  7. Financial Review (Berkley Risk – Michelle Sikkink)
    1. Financial Statement review
    2. Update on PUF
  8. Claims Handling Update (Berkley Risk – Jon Weber)
    1. Procurement procedures
    2. Legal costs
  9. Legal Items (James Parker)
    1. UM/UIM Form
    2. MOC update
  10. Vendor contract update
    1. Financial
      1. LOE approval
    2. Price Waterhouse Cooper
      1. LOE approval for two annual studies
        1. Reserves Adequacy Review and Rate Review
      2. LOE approval for Capital Adequacy Project
    3. Berkley Risk
      1. Renewal of contract (2 year)
  11. Executive Session pursuant to ORS 192.660(2)(f), & 192.660(2)(h)
    1. Claims/litigation update
  12. Next Board Meeting Dates
    1. June 13, 9am – 12pm
    2. June 20, 9am – 12pm
    3. June 27, 9am – 12pm
    4. October 12, 9am – 12pm
  13. Adjournment
November 10, 2022

PURMIT Board of Trustees Meeting Notice – January 24th, 2023

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting at 9:00 A.M. Pacific Dial in information: 1-408-418-9388 Meeting Number: 179 058 8213, on June 27th, 2022. PURMIT will also hold an executive session immediately following the regular meeting agenda items on June 27th, 2022. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to William Phomtalikhith at 651-756-9588.

November 7, 2022

PURMIT Board of Trustees Meeting Notice – November 9th, 2022

The Public Universities Risk Management and Insurance Trust (“PURMIT”) will hold a regular meeting in person at the Richard and Maurine Neuberger Center, located at 1600 SW 4th Ave, Portland, OR 97201 at 1:00P.M. Pacific. PURMIT will also hold an executive session immediately following the regular meeting agenda items on November 9th, 2022. The session will address potential and/or current litigation. The executive session is being held pursuant to 192.660(2)(f). The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations for persons with disabilities should be made at least 48 hours before the meeting to William Phomtalikhith at 612-766-3061.


PURMIT Board of Trustees Meeting Agenda

  1. Call to Order
  2. Review and Approval of Meeting Minutes from 06/16/22, and 06/27/22
  3. Introduction to Ben Merris – CRC Casualty Excess Broker
  4. PwC – Capital Adequacy Assessment
  5. Broker Update
    a) Property Underwriter Visit Update
    b) Market Overview
    c) Hurricane Ian
    d) Reinsurance Cost
    e) Captive for Excess Liability Lines
    f) SAIF Dividend
  6. Financial Review
  7. Administrator Update
    a) Risk Council Review
    b) Property Loss Scenarios
    c) Medicare Reporting
    d) Multiple Claimant Deductibles
  8. Legal Items
    a) Treasury Banking Agreement Amendment
  9. Executive Session
    a) Claims/Litigation Update
  10. 2023 PURMIT Board Meeting Calendar
  11. Other
  12. Adjournment