Week in Review : MAJOR EVENTS, IMAGES AND PEOPLE IN ORANGE COUNTY NEWS : TRANSPORTATION : OCTD Self-Insured
Faced with mounting liability insurance costs, the Orange County Transit District has followed the lead of numerous government agencies and cities in “going bare” with only self-insurance coverage.
The decision by directors makes OCTD one of the largest self-insured public transit agencies in the country.
The action is not expected to have a major effect on claims filed against the district, officials said, since OCTD was already self-insured for the first $5 million in losses, and total claims have never reached that amount.
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