Signal Senior Writer
jholt@the-signal.com
Posted: Aug. 20, 2008 9:41 p.m.
The Newhall County Water District is holding a special finance meeting tonight to review a report on post-employment benefits and other financial concerns.
Topping the agenda is a review of the district’s post-employment benefits prepared by Bickmore Risk Services & Consulting.
Benefits discussed at the meeting do not include discussion about pensions.
Also, on the agenda are discussions about investment strategies and earthquake insurance.
In February — about six months before a 5.4 earthquake centered in Chino Hills rocked Santa Clarita Valley on July 29 — district staff met with its insurance agent and asked for a quote on earthquake insurance.
The requested quote for earthquake and flood insurance returned to the district carries with it a premium of $86,356.25 for coverage including $10 million per occurrence.
District staff is going to recommend that the Finance Committee make a recommendation to the full board to take out the insurance policy.
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