December 8, 2023 at 9:30 AM - ISDA-WCSIT New Board Member Orientation
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I. Welcome & History - 9:30 AM
Presenter:
James Woodard, Cheryl Sandner
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I.A. Workers' Compensation Self-Insurance Trust (WCSIT)
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I.B. Illinois School District Agency (ISDA)
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I.C. Role of Pooling
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I.D. Program Structure
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I.E. Glossary of Terms
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II. Contractual & Legal Background - 9:45 AM
Presenter:
Cheryl Sandner, Dean Conlin
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II.A. Role of Legal Counsel
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II.B. WCSIT Agreements
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II.B.1. Trust Agreement
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II.B.2. Intergovernmental Cooperative Pooling Agreement
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II.C. ISDA Agency Agreement
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III. Board Information - 10:00 AM
Presenter:
Amy Vail
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III.A. Board Composition
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III.B. Board & Committee Meetings
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III.C. Meeting Materials & Electronic Meeting Management Portal
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III.D. Meeting Logistics & Board Member Expense Reimbursement
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IV. Errors & Omissions, General Liability & Special Events Coverages - 10:10 AM
Presenter:
Erica Sandner
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IV.A. Errors & Omissions Insurance
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IV.A.1. Coverage
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IV.A.2. Limits
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IV.B. General Liability & Special Events Coverage
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V. WCSIT Excess Insurance & ISDA Reinsurance - 10:20 AM
Presenter:
Michael Siebert
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V.A. WCSIT Ecess Insurance Overview
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V.B. ISDA Reinsurance Program Structure
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VI. BREAK - 10:40 AM
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VII. Underwriting - 10:50 AM - Alex Spedale
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VII.A. WCSIT
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VII.A.1. Coverages
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VII.A.2. Rating Factors
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VII.A.3. Contribution Development
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VII.A.4. Payroll Audit
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VII.B. ISDA
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VII.B.1. Coverages
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VII.B.2. Rating Factors
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VII.B.3. Contribution Development
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VIII. Budget Development & Financial Statements - 11:10 AM
Presenter:
Patrick Crowley
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VIII.A. Budget Development
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VIII.B. Financial Statements
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IX. LUNCH - 11:40 AM
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X. Accounting & Investments - 12:30 PM
Presenter:
Patrick Crowley
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X.A. Claim Information
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X.A.1. Run-out Report
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X.A.2. Actuarial Report
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X.A.3. Incurred But Not Report (IBNR) Tracking
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X.A.4. WCSIT Excess Insurance Reports
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X.A.5. ISDA Reinsurance and Aggregate Reports
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X.B. Cash Management
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X.C. Investments
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X.C.1. Statement of Investment Objectives and Guidelines
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X.C.2. Investment Management
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X.C.2.a. WCSIT - PMA
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X.C.2.b. ISDA - Charles Schwab
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X.C.3. Chief Investment Officer (CIO)
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X.D. Financial Audit
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XI. Marketing - 1:05 PM
Presenter:
James Woodard, Jennifer Stockwell
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XI.A. Alternative Risk Solutions Structure
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XI.B. ARS Agents
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XI.C. Marketing Activities
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XII. Claim Administration - 1:15 PM
Presenter:
Joe Soldano, Tim Kelly
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XII.A. Services Provided
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XII.A.1. WCSIT
Presenter:
Joe Soldano
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XII.A.2. ISDA
Presenter:
Tim Kelly
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XII.B. Electronic Claim Reporting
Presenter:
Joe Soldano
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XII.C. Claim Reporting to the Boards
Presenter:
Tim Kelly
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XIII. Loss Control Services - 1:40 PM
Presenter:
Greg Manuel
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XIV. Conclusion - 1:50 PM
Presenter:
James Woodard
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