20 Years of APEI History

2004-2007 — APEI consolidates professional staff and expands loss control

Appointed Jeff Bush as Executive Director, by Board decision.
Moved the Juneau home office to 418 Harris St.
Added student accident insurance for all schools.
Hired Alicia Thurman to manage an Anchorage office for workers’ compensation claims.
Initiated Loss Control Premium Credit and Grant Programs, which reward members for engaging in loss control activities, including property self-inspections and regular employee safety meetings.
Expanded other loss control efforts, including loss control training seminars, on-line training programs, and site risk assessment visits.
Said goodbye to long-time Finance Director Bonita Williams upon her retirement.
Hired Eleanor Laurent as the new APEI Finance Director.
Moved its offices to 2233 Jordan Avenue.
Hired Judy Kennedy as Office Manager.

2003-2004 — APEI focuses on financial stability and professionalism

Achieved financial profitability by adapting to change, continuing those programs that had been successful and modifying those programs that did not contribute to profitability.
Worked closely with the company’s actuary to better estimate costs of losses and administration.
Continued to focus on professional management by hiring Jeff Bush as Deputy Director and Margot Knuth as Claims Manager.
Received renewal of advisory standards certification from the Association of Governmental Risk Pools (AGRIP), which recognized APEI's professionalism.
Noted the retirement of John Haywood, long-time Risk Management Consultant and Executive Director of APEI.

2002-2003 — 9/11 has major impact on Alaska Insurance Market

Increased costs for Alaska's cities, boroughs and schools, due to losses sustained by the world-wide insurance market in the September 11 terrorist attacks.
Settled its lawsuit with the AML/JIA for the benefit of all public entities in Alaska.
Asked members to actively participate in loss reduction activities to help offset increased costs.
Replaced its excess insurer, Coregis , with a combination of specialty companies to obtain underwriting capacity in the hard market.
Encouraged all of its members to work with Alaska's professional brokers.
Added loss control professionals Mike and Cecilia Lary to the APEI team.

2000-2002 — APEI expands into larger municipalities with the Large Account Program

Used a proven track record, financial solidity and the expertise of its staff and broker to develop a unique program designed specifically to serve larger Alaska municipalities.
Started the municipal program with the cities of Juneau, Ketchikan, Kenai, St. Paul, Craig and Skagway.
Hired Laurel Eriksen as Office Manager.

1996 to 1999 — ASIC reorganizes and expands its program

Reorganized in 1998, closing its Vermont Captive Insurance entity and incorporating as an Alaska nonprofit corporation under the name of Alaska Public Entity Insurance (APEI).
Determined that Alaska’s public entities needed liability, automobile and workers’ compensation in addition to property insurance.
Expanded the program to include cities and boroughs.
Selected David Carlson of Aon Corporation as its broker.
Contracted with Coregis Insurance Company to consolidate all insurance in one package.
Hired Bonita Williams as Risk Administrator.

1987 to 1995 — Early years and development of program

Hired an insurance manager and professional contractors to obtain a property insurance program designed to:

Withstand tight market conditions;
Provide rate stability;
Cover earthquake and flood losses; and
Pay for major school property losses.

1986 — Alaska Schools Insurance Company (ASIC) organized

Organized as a Vermont Captive Insurance Company operating in Alaska under the Alaska pooling statute.
Adopted a mission to provide quality property insurance to Alaska's schools.

1985 — Association of Alaska School Boards

In 1985, the Association of Alaska School Boards (AASB) responded to the school property insurance crisis in Alaska by hiring a risk management consulting firm to study the feasibility of forming an insurance pool.