Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and community colleges in California. Keenan’s Protected Insurance Program for Schools and Community Colleges (PIPS) may be the single largest workers’ compensation insurance pool for schools in the state, and perhaps the country.
Bill Poland, executive vice president, Keenan & Associates, said, “California workers’ compensation premium rates have increased by almost 70 percent in the last four years. Through PIPS we have managed to effectively reduce the increase by half to 35 percent. That has translated into overall savings of nearly $65,000,000 – funds that are desperately needed in the classroom, not the insurance budget.”
Poland continued, “Keenan saw the California workers’ compensation crisis as an opportunity to grease the wheels of innovation – and the result is an incredible product that we believe is unparalleled. Keenan’s Protected Insurance Program for Schools and Community Colleges is a more viable and economic solution than the time honored alternatives of the past, and is built on a structure that better insulates schools against the rapidly deteriorating workers’ compensation crisis. PIPS provides protection against any future assessments up to a 99 percent confidence level.”
Keenan & Associates has been providing specialized workers’ compensation services to over 500 school districts and community colleges and several Joint Powers Authorities (JPAs) throughout California since 1977.
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