Insurance Requirements in Contracts: Tips for Effectively Transferring Risk
James Curbeam, CPCU, ARM, AIC
Director of Risk Management, Las Vegas Valley Water District
Courtney Ramirez
First Vice President, Public Entity Group, Alliant Insurance Services, Inc.
James Curbeam and Courtney Ramirez address the longstanding question, How much insurance is enough? Also discussed are the benefits to standardizing policies and procedures, and how to further streamline language and reviewing requirements. James and Courtney expand on the changes in the overall market and increased litigation costs have impacted coverage requirements and limits, how to manage cyber risk in contracts and ISO updates that have affected coverage application.
*The views and opinions expressed in the Public Risk Management Association (PRIMA) blogs/podcasts are those of each respective author/speaker. The views and opinions do not necessarily reflect the official policy or position of PRIMA.*
James Curbeam, CPCU, ARM, AIC
Director of Risk Management, Las Vegas Valley Water District
James is the risk manager for the Las Vegas Valley Water District. He holds a B.S. in finance from Creighton University and an executive MBA from the University of Nebraska Omaha. James has served in the following industry leadership roles: president, Nevada Chapter of RIMS; president, Nebraska Chapter of RIMS; and president of the Las Vegas CPCU Society. He also was named a 2018 Risk & Insurance All-Star and the 2019 PRIMA Risk Manager of the Year.
Courtney Ramirez
First Vice President, Public Entity Group, Alliant Insurance Services, Inc.
Courtney joined Alliant in 2006 and her expertise is in the public entity sector. She has been heavily involved in finding solutions to address some of the unique needs of many of Alliant’s public entity clients. This includes establishing a platform to control costs for State lottery agencies and developing the Alliant Deadly Weapons Response Program (ADRWP) for active shooter coverage. Some of her clients include the States of Minnesota, Montana, Ohio and Texas, the Cities of Austin (TX), Las Vegas (NV), Sacramento (CA) and Oklahoma City (OK), Airports including Sacramento International, Will Rodgers (Oklahoma City) International, Austin-Bergstrom, Los Angeles World Airport, Transit Agencies and Higher Education/University risks. Courtney enjoys educating others and is proficient in reading contracts and providing recommendations for insurance requirements to mitigate risk for her clients. Courtney received a Bachelor of Science degree in business management and leadership and has earned her Associates in Risk Management (ARM), Certified Insurance Counselor (CIC) and Certified Insurance Services Representative (CISR) designations. Courtney was named Power Broker by Risk & Insurance Magazine for the Public Entity Sector in February 2020 and a Rising Star by Risk & Insurance Magazine in May 2020.
