Mission Statement:
"WCIA will take a leadership role to provide professional risk management and
stable risk financing programs that respond to members' needs."
Annual Goals:
I. Assure that WCIA programs are prudently funded and managed to stabilize member assessments.
II. Maintain prudent growth plan to preserve WCIA's role as a leading pool in the state.
III. Foster sound risk management practices.
IV. Respond to member needs.
Program Control:
WCIA believes the Full Board should be fully aware, and in control, of all pool
operations. Not a broker, third party administrator or insurance company.
In our program, the "insureds" run the "insurance" company.
Litigation and Claims Management:
WCIA believes in aggressive litigation as opposed to loss settlement to discourage
unwarranted claims; that each member should have direct participation in its
claims and litigation, both in pre- and post-loss stages; and that WCIA should
shoulder the cost of defense, to allow the member's complete focus on the issue.
Training Commitment; COMPACT:
WCIA believes a formal, comprehensive training program, coupled with
aggressive field risk management services, systematically reduces risk of loss and
supplements city operation. Aggressive risk management is an essential, required
element of pool membership.
Assessment Formula:
Each member's assessment should largely reflect its own loss experience, its
potential exposures and a percentage of pool services; be developed by a
professional actuary; openly approved by the Full Board; annually receptive to
a member's improved risk management results.