A. The Risk Manager has the authority to adjust and pay all self-insured and uninsured losses to the extent that funds have been appropriated for those purposes. The authority to adjust includes payment of costs of investigation, litigation, mediation and arbitration.
B. The Risk Manager has the authority to approve settlements up to $25,000, and may delegate this authority by contract to an adjustment firm.
C. The Risk Management Committee shall provide review and advice prior to approval of settlements in excess of $25,000. Final settlement authority requires the concurrence of the Risk Manager and the Mayor.
D. If no funds specifically appropriated for that purpose are available, funds for payments of settlements and adjustments of losses up to the applicable self-insured retention are hereby appropriated and/or reappropriated from the appropriate department(s)’s available funds, fund balance of the appropriate fund, or net position of the appropriate fund, as determined by the Mayor or the Mayor’s designee following certification by the Chief Financial Officer that the funding source is available and sufficient to pay the costs. When this occurs, the Chief Financial Officer shall notify the Assembly within 30 days.
E. This section does not apply to the self-insured employee benefit programs.