Chief Operating Officer/Chief Legal Counsel
Public Risk Innovation, Solutions, and Management (PRISM)
Mike Pott is a recovering litigator, having spent 17 years defending a variety of public and private entities in litigation in state and federal courts with the Sacramento law firm Porter Scott. Mr. Pott was a shareholder with the firm and specialized in employment and civil rights matters, including use of force cases.
Mr. Pott has worked for PRISM for the past 10 years. He currently serves as the Chief Operating Officer and Chief Legal Counsel for the past two years and, before that, served as the Chief Claims Officer/Chief Legal Counsel. In his current capacity, he provides legal advice to the organization and oversees PRISM’s operations.
This session will explain how public agencies have insured against their liability claims through risk-pools – pooling funds and sharing risk across many agencies. California’s risk-pools did not anticipate the costs of retroactive claims associated with the change in the statute of limitations for childhood assaults. This has led to a huge liquidity gap for the onslaught of new claims, among other coverage limitations. Panelists will address the state of the risk-pool landscape, specific limitations of risk pools to settle claims individually and collectively, and their expectations for a massive cost gap that will be absorbed by the general funds of all pool participants.