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