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Causes: Insurance Providers
Mission: The company's primary mission is to operate for the benefit of and to promote and support, directly or indirectly, the interests and purposes of the regents of the university of california. In furtherance of this purpose, the company provides: (a) improved risk management pricing predictability and cost stability; (b) enhanced risk management, and protection and coverage of less traditional risks and esoteric risks; (c) a foundation for development and implementation within the regents of more formalized risk financing policies and procedures; and (d) insurance coverage for external third parties, including but not limited to, agents, affiliates, associations, joint ventures, and partnerships of or in which the regents of the university of california participates or owns an interest provided that such third party coverage is no more than an insubstantial portion of the corporation's overall activities.
Programs: The organization provides insurance coverage to the university of california. The casualty program includes workers' compensation, medical professional liability, employment practice liability, general liability, and auto liability. The organization provides property terrorism coverage to the university covering direct physical loss or damage to insured properties in the united states of america and resulting from a certified act of terrorism as defined under the terrorism risk insurance program reauthorization act of 2007 (tripra).