McDermott appointed to NCACC Risk Management Pools boardPublished 6:32pm Wednesday, October 10, 2012
Newly elected North Carolina Association of County Commissioners (NCACC) President Howard Hunt III has named Polk County Commissioner Vice Chair Renée McDermott to the association’s risk management pools board of trustees.
According to NCACC Executive Director David Thompson, Hunt selected McDermott because of her excellent service on the NCACC’s board of directors and because of her experience and training as a lawyer. Risk Management Pools Executive Director Michael Kelly said he’s delighted McDermott agreed to serve on the board.
The NCACC’s Risk Management Pools offer workers’ compensation and liability and property coverages for counties and related entities. Members of the pools enjoy comprehensive and affordable coverage designs that counties can customize to meet individual county needs. Polk County is a member of both pools.
The NCACC began the Workers’ Compensation Pool in 1981. Then, local governments were often unable to buy certain types of coverages at a time when insurance rates were escalating rapidly. The traditional insurance market could not provide the coverages that were needed to meet the counties’ special needs. The NCACC created the Liability and Property Pool in 1986.
The objectives of the pools are to help counties jointly manage risk and prevent future insurance market changes from creating havoc on county budgets. The pools not only provide coverages for county members but also help members gain control of their losses.
The pools are governed by a board of trustees composed of county commissioners, county managers and county risk managers. The board of trustees is responsible for the strategic direction of the pools.
– article submitted
by Renée McDermott