Risk Management Trust Board Meeting - Minutes - 4/22/2026 (6/22/2026 2:18:14 PM)

Risk Management Trust Board Meeting
Tempe Public Library
Hackberry Meeting Room
3500 S Rural Rd, Tempe, Arizona
Wednesday, April 22, 2026 - 5:30 PM
RISK MANAGEMENT TRUST BOARD
MEETING MINUTES
Minutes of the City of Tempe Risk Management Trust Board Regular Meeting, held on 
Wednesday, April 22, 2026, at 5:30 PM, in the Tempe Public Library, 3500 South 
Rural Road, Tempe, Arizona.
Board Members Present:
Board Members Absent:
Alicia Clark Bradley
Tom Duensing
Jonathan Brown
Corey D. Woods 
Lisette Camacho, Deputy City Manager Chief 
Financial Officer
City Staff Present:
Guests Present:
Laura Calder, Financial Services Director
Pamela Dominguez, 
Alliant Insurance Services, Inc.
Chris Hansen, Risk Manager
Shawn Kraatz, 
Alliant Insurance Services, Inc.
Nichole Martinez, Workers’ Compensation Program 
Specialist
David McAllister, Risk Mgmt. Claims Adjuster
Alex Chin, Management Assistant
1.
CALL TO ORDER
Chair Lisette Camacho called the meeting to order at 5:37 p.m.,
2.
MEETING MINUTES
2A.
Approval of the June 24th, 2025, Board Meeting Minutes
Chair Camacho invited the Board to review the minutes. Although some members were 
not present at that 2025 meeting, the Board agreed they were comfortable proceeding.

Risk Management Trust Board Meeting Minutes
Wednesday, April 22, 2026
2
Motion: To approve the June 24, 2025, meeting minutes.
Motion by: Corey D Woods.
Second by: Jonathan Brown
Vote: Ayes – unanimous; Nays – none.
Motion passed 5–0.
3.
CURRENT ITEMS
3A.
Welcome and Introduction to New Joint Members
Alex Chin introduced the orientation packet provided to new members, which included:

Overview of the Risk Management Trust Board

Risk Management organizational chart

Charter and performance measures

Required Open Meeting Law training video and acknowledgment form (due 
within 14 days)

Resolution delegating insurance approval authority
New members Jonathan Brown and Alicia Clark-Bradley introduced themselves, 
sharing their professional backgrounds in actuarial science, insurance, leadership, and 
municipal operations. Board members, city staff, and Alliant representatives also 
introduced themselves and welcomed the new members.
3B.
RMTB Annual Claim Trends Report
Financial Services Director Laura Calder presented the annual claim trends report, 
submitted to the Tempe City Council. 
Highlights included:

The Risk Management program supports payment of liability, auto, property, 
cyber, legal, insurance premiums, and related costs.

Two funds support the program:
–
Risk Management Fund (general liability, property, auto, etc.)
–
Workers’ Compensation Fund (employee injury and illness claims 

Analysis of 5.5 years of historical data showed rising expenditures in several 
categories.

Police and Utilities departments continue to represent the largest share of 
departmental chargebacks (approx. 67%).

FY25–26 year-to-date expenditures were already approaching prior years due to:
–
Up-front payment of annual insurance premiums
–
A significant wrongful-death liability claim

Workers’ Compensation costs have remained relatively stable short-term, though 
long-term trends continue to rise due to:
–
Cancer presumption cases
–
Aging workforce

Risk Management Trust Board Meeting Minutes
Wednesday, April 22, 2026
3
–
Increased medical costs

Risk staff meets monthly with Police and Fire to review cost-containment 
opportunities and emerging risks.
No Board questions were raised.
3C.
State of the Market 2026-27 Alliant Insurance Services
Alliant representatives Pamela Dominguez and Shawn Kraatz presented the 2026–27 
State of the Market overview.
Key points included:

Property Market:
o
Returning stability and two consecutive profitable years for carriers. 
o
Lower global insured losses compared to prior years.
o
Market softening for entities with favorable loss histories (potential 10–
20% decreases).
o
Inflationary pressures still relevant.

Liability Market:
o
Reduced capacity due to carriers exiting or narrowing limits.
o
Cost pressures driven by:
– Social inflation
– Litigation funding
– Rising jury verdicts (anchoring strategies)

Excess Workers’ Compensation remains stable.

Cyber market improving significantly with better capacity and 
competitive pricing; the City’s IT division was commended for 
strong controls.

Emerging Risks:
o
AI-related liability exclusions becoming common.
o
Rising auto liability costs due to vehicle prices, severity trends, and 
autonomous vehicle considerations.
o
Growth in mental-health-related claims.

Projected Renewal Timelines:
o
Most quotes expected between late May and mid-June.
o
Excess liability quotes typically arrive latest.
o
Renewals remain on track for July 1.
4.
BOARD MEMBER & STAFF ANNOUNCEMENTS
4A.
Annual Boards and Commissions Event

Risk Management Trust Board Meeting Minutes
Wednesday, April 22, 2026
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Alex Chin reminded members of the Annual Boards and Commissions Appreciation 
Event, to be held:

Friday, April 28, 5:00–7:00 p.m. at Tempe Center for the Arts.
Members were encouraged to attend; business casual attire suggested.
City Staff also offered individualized training for new members wishing to learn more 
about the City’s insurance program and renewal structure.
5.
PUBLIC APPEARANCES
No public comments were received in person, online, or via email.
6.
NEXT MEETING
The Board discussed scheduling the next meeting to coincide with receipt of renewal 
proposals.

Alliant expects most coverage quotes by late May.

Liability quotes may arrive in June but preliminary decisions can begin earlier.
7.
ADJOURNMENT
Chair Camacho adjourned the meeting at approximately 6:38 p.m.