The Risk Management team manages over one hundred property and casualty insurance policies for The Texas A&M University System and its Members. It investigates claims for personal injury and property damage; negotiates settlement of theft and property damage; coordinates loss prevention and risk reduction actions; working closely with each Member’s Risk Management Contact; develops proposed written policy and procedures; manages central data system; and initiates third party recovery and subrogation of property damage claims. Procedures and information can be found within the System Risk Guide.
Risk Transfer Policy Statement
- Applying principles of risk management at every level for the purpose of:
- Identifying and evaluating risks;
- Avoiding or eliminating them where practical and;
- Minimizing, controlling or contractually transferring them when possible.
- When practical, retain risk that can be self-insured from current funds without seriously affecting the financial condition of the organization.
- Purchasing insurance coverage when:
- The risk is catastrophic in nature or beyond the capacity of the organization to absorb from current funds and when the purchase of insurance is permitted by law for a state agency; or
- The expenditure for premiums is justified by services incidental to the insurance contract, or other expected benefits; or
- Required by law or contract.
The procurement of insurance shall be limited to the availability of coverage at a reasonable cost and be subject to the practicality of adopting programs of self-insurance, or self assumption, in whole or in part, consistent with the probable frequency, severity and impact of losses on the financial stability of the A&M System and/or its Member.
Losses from a single occurrence may be self-insured in this manner, provided consideration is given to all ramifications of the occurrence in its various aspects, including direct property damage, loss of use, additional expenses to continue operations, and liability to employees and others. Consideration shall be given to the optimum level of self-retention, determined by insurance premiums, anticipated losses and services provided or purchased, when insurance subject to deductibles or self-assumption of risk is considered.
Direct administration and establishment of uniform system wide guidelines of the Risk Management Program is provided by Executive Director of System Risk Management Kevin McGinnis who, along with Associate Director of System Risk Management Henry Judah, Sr., Insurance Specialist Debbie Smith and Risk Management Coordinator Charles Longoria, coordinates the program throughout The Texas A&M University System.
For questions, please feel free to contact: Henry Judah, Debbie Smith or Charles Longoria at (979) 458-6330.