Board meetings, strategic plans, and buyer signals from Kimberly Coster’s organization
Aug 21, 2024·BoardMeeting
Board
Group Insurance Advisory Committee Meeting Minutes
The meeting included financial updates, with a review of medical and dental claims and reserve balances. There was also a FY25 new plan year overview, including the 1st Luma open enrollment. The transition to the Regence plan was reported as successful. The department experienced staffing challenges during the open enrollment and carrier change. Five new school districts and the state public defender's office are joining the plan, and legislation will be proposed to allow cities, counties, and municipalities to join the OGI plan.
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The meeting included a financial review with cash analysis reports for FY23-FY25, highlighting actuals and projections. Updates were provided on Inland Marine coverage changes for FY25, changes to Retained Risk Coverage, and a 3-year claims history. The committee also discussed a building appraisal update, FY25 allocations, FY26 projections, and a loss control update, including completed loss control referrals, agency contacts, and collaboration with FM Global.
Extracted from official board minutes, strategic plans, and video transcripts.
