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6 4 Insurance Pool Case Studies The research team contacted all the existing transit insurance pool to schedule an interview to understand their origins, objectives, coverage, operations and discuss their views on what makes a pool successful. One of the most striking findings is that there is no one size fits all. Each organization had its unique approach to providing insurance, mostly guided by the needs and interests of its membership. To facilitate the documentation of their responses and comparison between the pools on specific issues, a template was created for each pool. The following statesâ pools were studied: ⢠California ⢠Michigan ⢠Ohio ⢠Pennsylvania ⢠Virginia ⢠Washington ⢠Wisconsin After analyzing the review of data collected, the following conclusions were reached: ⢠Transit risk pools can be particularly useful for agencies that receive Rural 5311 or Small Urban 5307 funding, which typically cannot self-insure a large portion of their risk. ⢠A correlation between pool membership and risk cost consistency was established; however, a correlation with reduction in costs could not be established.
