10/30/2025
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RiversideCA.govRISK MANAGEMENT DIVISIONFinance CommitteeNovember 12, 2025Finance Department RiversideCA.gov2
3.18.030 Powers and Responsibilities of the Risk Manager Monitor and report annually to the City's Financial Performance and Budget Committee and City Council the insurance administration, and the compliance of City departments, offices, and agencies with the internal controls.RMC 03.18.030 10/30/2025
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Risk Management Team
Jackie Godinez, Risk Manager
Maria Guerrero, Risk Management Analyst
Seidy Flores, CA Fellow
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1. Insurance Procurement2. Certificate of Insurance Review (COI)3. 1st Party Claims/Settlement Administration 4. General Liability & Workers Compensation Rate Development 5. Citywide Emergency and Non-Emergency Response6. Hazardous Waste Contract Administration7. Development of programs & trainings to help mitigate risks.RISK MANAGEMENT DIVISION 10/30/2025
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INSURANCE PROCUREMENT PROCESSBroker Brainstorming & Underwriter Meetings The Risk Management team collaborates with brokers to review insurance market trends and plan renewal strategies. Risk Management also meets with underwriters at the annual PARMA conference to further assess market dynamics.Exposure Updates & ApplicationsCity staff and Risk Management collect data on exposures, losses, assets, and finances. Insurance inspectors will also visit City properties to assess insurable conditions. Coverage Negotiations City’s Property & Casualty brokers negotiate premiums and coverage with insurance companies. Risk Management will meet with brokers to discuss all coverage options. Coverage SelectionRisk Management finalizes and binds the renewal program, addressing any subjectivities, and issue binders, invoices, and insurance certificates effective July 1.
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FIVE YEAR INSURANCE COSTS25-2624-2523-2422-2321-2220-21$9,325,778.11$8,733,930.26$7,433,335.67$5,606,584.25$4,443,791.77$3,529,738.78Total Premium Paid$ 591,847.85$1,300,594.59$1,826,751.42$1,162,792.48$ 914,052.99$ Change7%17%33%26%26%Year Over Year IncreaseCity sees stabilization in property market. Liability coverage lines continue to be impacted by “nuclear” claims verdicts and large claim reserves. City increased its self-insured retention from $3M to $4M for General Liability claims. Workers Compensation self-insured retention remained at $3M. City adds two new helicopters to Aviation Hull policy with a total insured value of $10M+. City binds a stand-alone Cyber Liability policy.Formal property appraisals are conducted on all City owned properties with a $5M or higher real property value. City adds $200M+ in insured value to Waste Water Quality Control Plant (WWQCP). City purchases a stand-alone Crime policy. APIP removes coverage for ‘Communicable Diseases’ from its policy form. City binds separate Boiler & Machinery, Property, and Pollution Liability coverage for Springs, Riverside Energy Resource Center (RERC), and Clearwater. Material Underwriting Changes 10/30/2025
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CERTIFICATES OF INSURANCE (COI)Risk Management ensures that everyone doing business with the City has proper insurance on file. Insurance Requirement Assessment demonstrates that Riverside’s requirements meet industry standard thresholds but are more relaxed than the requirements of neighboring Cities.Risk Management reviews 3,000+ individual COI’s each FY RiversideCA.gov8
GIS & TECHNOLOGY INTEGRATION
Completed: GIS Insured Assets, Fire, & Flood Exposure Map’s In Progress: Claims Maps and Risk Management Dashboards 10/30/2025
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Risk Management oversees a panel of contractors, plumbers, and hazardous waste firms that are ready to assist City Departments in responding to hazards 24/7. EMERGENCY AND NON-EMERGENCY RESPONSES Abandoned oil inside a fence post in a City park.
Iowa Avenue- Spring Street Erosion (Flood Overflow Hazard) Before After
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Adopted into the City Manager’s 2025 Book of Work – Finance Department. Mission StatementThe Risk Management Working Group is a collaborative partnershipestablished to proactively coordinate on cross-cutting issues that identify,assess, mitigate, and monitor risks across City of Riverside operations. Its missionis to strengthen the City's risk posture, minimize liabilities, and ensuresustainable practices by fostering collaboration, transparency, andaccountability across departments.Risk Management Working Group (RMWG) 10/30/2025
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That the Finance Committee receive, provide input on, and forward to the City Council the annual update of the City’s Risk Management Division and Insurance Administration.RECOMMENDATION