Property & Casualty

Public Risk Management of Florida (PRM) is a risk management and self-insurance pool for governmental agencies in the State of Florida, formed according to Florida Statutes Sections 768.28(6)(A), 624.4621, and 163.01. PRM is a member-run organization, providing members voting rights to important organizational decisions.

In 1987, the Southwest Florida Intergovernmental Risk Management Association launched with eight charter members. The idea was to create a more cost-effective alternative to a difficult commercial insurance marketplace for government entities. The advantage of the pooling structure was to provide economies of scale, collaboration, and most importantly – stability.

In 1994, the name was changed to Public Risk Management of Florida (PRM) to accommodate the growth of the group throughout all of Florida. Similarly, the coverage, resources, and services have continued to evolve to provide a best-in-class risk management solution for Florida governments.