California Affiliated Risk Management Authority
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California Affiliated Risk Management Authority (CARMA) is a California public agency that aims to provide financial protection for its public entity members, including cities, towns, and special districts, against catastrophic loss. It was founded in 1993.[1]
CARMA is an excess general liability pool consisting of six-member joint powers authorities (JPA), with over 160 underlying members. CARMA provides excess liability coverage of up to $35,500,000 per occurrence in the event of a catastrophic loss.[1]
