Property / Casualty Program
SRRP is a joint powers board comprised of its member school districts. The SRRP Property and Casualty Insurance Program began in 2003 as a solution to the hardships of increasing premiums and narrowing coverages that were plaguing public school districts
in Wyoming. Today we have 27 members that have joined forces to enjoy the strength and benefits of this risk sharing program.
The SRRP Property and Casualty Insurance Program has a structure that is often referred to as a protected self-insurance program.
This means that SRRP collects contributions from its members to pay for:
- self-insured expected losses (as determined by an actuary);
- insurance/reinsurance premiums to protect against unpredictable loss frequency and severity;
- modest program administration costs. In years where the loss experience for the members is favorable – those “profits” remain the property of the program and may be used to offset future member contributions.
Please go to the SRRP website (www.srrppool.com) for more detailed information.