AVEK receives President's Special Recognition Awards, Refund of Insurance Premiums
![May contain: text and document](https://streamline.imgix.net/c937670d-848c-435f-b73a-3b40f76708ab/99f1884c-e01b-4692-bd76-f9119de1a372/awards.jpg?ixlib=rb-1.1.0&w=2000&h=2000&fit=max&or=0&s=91c9319d330e0107ac19fe31e5fe82a5)
Directors and staff at Antelope Valley-East Kern Water Agency were grateful recipients of a refund check that totaled $12,293.60 from the Association of California Water Agencies Joint Powers Insurance Authority, otherwise known as the ACWA-JPIA Rate Stabilization Fund. The refund resulted from an insurance premium adjustment due to a low number of worker’s compensation claims and reduced liabilities, underscoring AVEK’s commitment to safety in the workplace.
The Agency received 3 President's Special Recognition Awards from ACWA-JPIA for its Worker's Compensation, Property, and Liability insurance programs.
ACWA-JPIA is a partnership of water agencies working collectively to share the risks associated with purveying water. The conglomerate formed in 1979 to provide risk-sharing pools. To be accepted into the JPIA, prospective members must demonstrate dedication to effective risk management programs. JPIA collects a deposit premium at the start of each policy period and can return money from excess funds and investments to members such as AVEK who achieve low loss ratios.