Crescent Bend Housing Authority · MS194
962 units · $186.4M TIV · 12 locations · Example portfolio
Loss history · CBHA
Five-plus years of claims, split the way the portfolio is split: by conversion status, and by the housing authority itself. Premium follows the same cut — what stayed on the master, what left with a conversion, and what the market charged for the exposure that remained.
Claims (2021–26)
58
Incurred
$2,054,500
Open reserve
$103,200
2026 premium
$1,918,000
Period loss ratio
23%
Site claims grouped by where the AMP sits today. Unconverted ACC still produces most of the attritional water. Oakridge includes the former public-housing buildings and the live builder’s risk.
Conversion incurred $1,642,400 across 42 claims · 10 residential AMPs
Same claims, cut by AMP. Use By development with the chips below to open one site at a time.
Auto, workers compensation, crime, employment practices and premises GL at Central Office. These lines stay on the CBHA master after an AMP converts. Converted LPs do not pick them up.
Automobile
$134,800
7 claims
Workers compensation
$124,900
6 claims
General liability
$45,800
1 claim
Crime
$11,200
1 claim
Employment practices
$95,400
1 claim
Authority incurred $412,100 · 47 employees · 42 vehicles
58 of 58 claims in view.
| Date | Location | Cause | Line | Portfolio | Incurred | Status |
|---|---|---|---|---|---|---|
| Feb 11, 21 | Pinecrest Homes | Water — plumbing Supply-line failure in a 1958 walk-up. Typical attritional ACC water. | property | Public housing | $22,400 | closed |
| Aug 19, 21 | Highland Park | Wind / hail Wood-frame roofs in Marion. Below named-storm deductible. | property | Public housing | $18,600 | closed |
| Nov 3, 21 | Westover Courts | Slip and fall Resident fall on interior stair. Elderly occupancy. | liability | Public housing | $12,800 | closed |
| Jan 28, 22 | Cedar Lane | Freeze burst Uninsulated riser in a 1964 walk-up. Four units down. | property | Public housing | $41,200 | closed |
| Jun 14, 22 | Pinecrest Homes | Kitchen fire Unit fire, smoke to the adjoining two. Oldest family AMP. | property | Public housing | $94,500 | closed |
| Sep 2, 22 | Scattered Sites | Vandalism Vacant duplex between turnovers. Blanket property on the master. | property | Public housing | $19,400 | closed |
| Jan 18, 23 | Cedar Lane | Water — mold Hidden leak, then remediation. Ordinance-or-law on the older stock. | property | Public housing | $71,200 | closed |
| Mar 9, 23 | Westover Courts | Water — roof Failed membrane over an elderly corridor. | property | Public housing | $38,600 | closed |
| Jul 22, 23 | Magnolia Senior | Slip and fall Visitor fall at the elevator lobby. | liability | Public housing | $28,400 | closed |
| Dec 4, 23 | Pinecrest Homes | Water — plumbing Second plumbing failure at Pinecrest in three years. | property | Public housing | $16,800 | closed |
| Jan 16, 24 | Cedar Lane | Freeze burst Largest ACC claim in the period. Eight units, two buildings. Lead-paint protocol on the rebuild. | property | Public housing | $186,400 | closed |
| Apr 2, 24 | Westover Courts | Water — roof Repeat roof leak. Values on the master still lag replacement cost. | property | Public housing | $62,100 | closed |
| Aug 19, 24 | Magnolia Senior | Water — HVAC Condensate overflow in the elevator senior building. | property | Public housing | $21,300 | closed |
| Nov 7, 24 | Highland Park | Premises liability Play-area injury. Closed inside the master SIR. | liability | Public housing | $9,400 | closed |
| Feb 11, 25 | Highland Park | Freeze burst Wood-frame building in Marion. Same freeze event that hit Cedar Lane the year before. | property | Public housing | $29,800 | closed |
| May 26, 25 | Westover Courts | Water — roof Third roof claim at Westover. Open — replacement vs repair still in dispute. | property | Public housing | $47,200 $18,400 reserved | open |
| Sep 14, 25 | Cedar Lane | Tenant fire Cooking fire. Ordinance-or-law on a total-loss unit is the residual issue. | property | Public housing | $48,600 | closed |
| Dec 3, 25 | Scattered Sites | Water — plumbing Single-family ACC unit. AE parcel; flood did not apply. | property | Public housing | $33,400 | closed |
| Jan 22, 26 | Pinecrest Homes | Water — plumbing Open. Fourth plumbing claim at Pinecrest in the period. | property | Public housing | $18,200 $8,200 reserved | open |
| Mar 18, 26 | Scattered Sites | Vandalism Turnover vacancy. Master AOP deductible absorbed most of the repair. | property | Public housing | $11,600 | closed |
| Jun 9, 26 | Magnolia Senior | Slip and fall Open reserve. Elderly occupancy, same building as the 2023 lobby fall. | liability | Public housing | $14,200 $14,200 reserved | open |
| May 4, 21 | Southside Walk | Water — plumbing Still on the master. Zone AE did not contribute. | property | RAD pipeline | $24,100 | closed |
| Aug 16, 22 | Southside Walk | Wind — roof Aging membrane. Will be a lender question the day RAD is filed. | property | RAD pipeline | $21,800 | closed |
| Apr 12, 23 | Southside Walk | Flood AE flood. NFIP only — no excess on the master. The next conversion after Oakridge. | property | RAD pipeline | $112,400 | closed |
| Jul 3, 24 | Southside Walk | Wind — roof Second roof claim. TIV on the master is behind replacement cost. | property | RAD pipeline | $38,200 | closed |
| Mar 21, 25 | Southside Walk | Water — plumbing Attritional. Still ACC. | property | RAD pipeline | $17,400 | closed |
| Feb 14, 26 | Southside Walk | Water — plumbing Open. Flood did not apply; the AE question remains for the 2027 RAD filing. | property | RAD pipeline | $22,800 $9,600 reserved | open |
| Oct 8, 21 | Oakridge Court (former ACC) | Kitchen fire Claim on the old public-housing buildings, before relocation. | property | In conversion | $36,200 | closed |
| Mar 15, 22 | Oakridge Court (former ACC) | Water — plumbing Last occupied year on the master. | property | In conversion | $14,800 | closed |
| Jun 11, 24 | Oakridge Court (vacant) | Vandalism Vacant buildings after relocation, before demolition. | property | In conversion | $27,400 | closed |
| Aug 22, 25 | Oakridge Court (construction) | Wind — incomplete building Builder's risk. Wind on an open structure after demolition. | builders risk | In conversion | $81,200 | closed |
| Feb 4, 26 | Oakridge Court (construction) | Theft of materials Open. Copper and appliances from the job trailer. Permanent program is not yet bound. | builders risk | In conversion | $54,600 $21,400 reserved | open |
| Apr 19, 26 | Oakridge Court (construction) | Jobsite injury — visitor Open. Project GL, not the authority master. | liability | In conversion | $12,400 $12,400 reserved | open |
| Jul 19, 21 | Riverbend Family | Water — plumbing On the project program. Zone AE; this claim was not flood. | property | Converted | $18,400 | closed |
| Nov 8, 22 | Riverbend Family | Unit fire Non-combustible mid-rise. Smoke to one floor. | property | Converted | $67,200 | closed |
| May 16, 23 | Riverbend Family | Flood AE event. NFIP plus excess private responded. Largest converted claim in the period. | property | Converted | $142,800 | closed |
| Sep 2, 23 | Eastview Terrace | Water — plumbing First year on the RAD project program after the 2022 rehab. | property | Converted | $14,200 | closed |
| Feb 27, 24 | Eastview Terrace | Water — plumbing Rehabbed 2022. Frequency is lower than the ACC family AMPs. | property | Converted | $31,400 | closed |
| Oct 11, 24 | Riverbend Family | Premises liability Project GL. Closed. | liability | Converted | $8,600 | closed |
| Jan 30, 25 | Eastview Terrace | Dog bite Habitational GL on the RAD program. | liability | Converted | $18,200 | closed |
| Jun 18, 25 | Riverbend Family | Water — plumbing Attritional. Excess flood not involved. | property | Converted | $22,400 | closed |
| Mar 7, 26 | Eastview Terrace | Water — plumbing Small. $10K AOP on the project program. | property | Converted | $9,800 | closed |
| Mar 22, 21 | Authority fleet | Collision Maintenance van, at-fault. Sits only on the master. | auto | Authority | $18,400 | closed |
| Sep 14, 21 | Maintenance staff | Strain Lifting at the yard. Authority employees, not LP staff. | workers comp | Authority | $21,600 | closed |
| Apr 8, 22 | Authority fleet | Intersection collision Largest auto claim in the period. 42-unit fleet. | auto | Authority | $41,200 | closed |
| Aug 29, 22 | Central Office | Wrongful termination Employment practices. Public-officials / EPL stay on the master after any AMP converts. | epl | Authority | $95,400 | closed |
| Nov 16, 22 | Maintenance staff | Slip Shop floor. Closed. | workers comp | Authority | $16,800 | closed |
| Feb 3, 23 | Authority fleet | Rear-end Not-at-fault recovery was partial. | auto | Authority | $24,600 | closed |
| Jun 19, 23 | Maintenance Yard | Copper theft Inland marine / crime on the master. Converted LPs do not pick this up. | crime | Authority | $11,200 | closed |
| Oct 4, 23 | Maintenance staff | Strain Shoulder injury. Largest WC claim in the period. | workers comp | Authority | $38,400 | closed |
| Jan 29, 24 | Authority fleet | Animal collision Marion run. Comprehensive. | auto | Authority | $8,400 | closed |
| May 12, 24 | Central Office | Visitor fall Premises GL at administration — not a dwelling AMP. | liability | Authority | $45,800 | closed |
| Dec 6, 24 | Maintenance staff | Ice slip Parking lot at the yard. | workers comp | Authority | $22,100 | closed |
| Mar 8, 25 | Maintenance Yard | Backing collision Fleet garage. Master auto only. | auto | Authority | $16,200 | closed |
| Jul 21, 25 | Maintenance staff | Laceration Shop tool. Closed. | workers comp | Authority | $14,400 | closed |
| Sep 30, 25 | Authority fleet | Hail / glass Three units. Comprehensive. | auto | Authority | $6,200 | closed |
| Feb 18, 26 | Authority fleet | Intersection collision Open. At-fault. Does not move with Oakridge or Eastview. | auto | Authority | $19,800 $7,400 reserved | open |
| May 11, 26 | Maintenance staff | Strain Open. Authority payroll — converted LPs have their own WC. | workers comp | Authority | $11,600 $11,600 reserved | open |
Units stay at 962 through the conversion. Occupied falls when Oakridge relocates. Payroll and fleet barely move — those exposures never leave the authority.
| Year | Units / occ. | TIV | Master / project / BR | Staff · fleet | Property · casualty | Premium | Rate | Incurred · LR |
|---|---|---|---|---|---|---|---|---|
| 2021 | 962 / 928 | $148.2M | $116.4M · $31.8M · — | 51 · 44 | $612,000 $406,000 | $1,018,000 | $.69 / $100 | $172,50017% |
| 2022 | 962 / 931 | $157.4M | $97.2M · $60.2M · — | 49 · 43 | $718,000 $444,000 | $1,162,000 +8% | $.74 / $100 | $412,30035% |
| 2023 | 962 / 924 | $164.8M | $102.2M · $62.6M · — | 48 · 42 | $948,000 $464,000 | $1,412,000 +22% | $.86 / $100 | $498,60035% |
| 2024 | 962 / 746 | $152.6M | $88.2M · $64.4M · — | 47 · 42 | $1,062,000 $486,000 | $1,548,000 +14% | $1.01 / $100 | $461,10030% |
| 2025 | 962 / 750 | $171.2M | $83.8M · $64.8M · $22.6M | 47 · 42 | $1,216,000 $508,000 | $1,724,000 +9% | $1.01 / $100 | $335,00019% |
| 2026 | 962 / 750 | $186.4M | $83.6M · $60.2M · $42.6M | 47 · 42 | $1,348,000 $570,000 | $1,918,000 +6% | $1.03 / $100 | $175,0009% |
2021
Last quiet year. Eastview and Oakridge still ACC on the master. Riverbend (2018 conversion) is the only project program. Property rate is still in the mid-$.60s per $100 TIV.
2022
Eastview RAD closes. $28.4M of rehabbed TIV leaves the master for a project program. Master premium falls even as same-store rate is +8%. Auto and WC stay on the master. EPL claim lands in the same year.
2023
Hard-market year. Named-storm and wind rate +22% on remaining ACC. Riverbend flood and Southside Walk AE flood both hit. TIV inflation on the unconverted stock. Casualty is stable; the premium jump is property CAT.
2024
Another +14% on CAT. Oakridge residents are relocated; the old AMP is written down ahead of demolition, so TIV falls even as rate rises. Cedar Lane freeze is the year's large ACC loss. Occupied units drop by 180.
2025
Builder's risk binds as demolition completes. Construction TIV appears for the first time and is the new premium. Master TIV is now unconverted ACC plus support. Same-store rate +9% — slower, still hard.
2026
Current portfolio. Oakridge is fully on builder's risk at $42.6M; permanent is quoted, not bound. Master still holds 438 ACC units, the 72-unit RAD pipeline, fleet, WC and public officials. Portfolio rate is about $1.03 per $100 TIV — up from $.69 in 2021 — because CAT, flood and construction replaced the quiet ACC package.
Eastview leaving the master in 2022 dropped master premium and added a project program. Portfolio premium still rose — $1,018,000 to $1,918,000 — because CAT rate and then builder’s risk more than replaced the AMP that left.
Pinecrest, Cedar Lane and Westover produce the water and freeze claims. Southside Walk’s AE flood sits on the master with NFIP only. That is the stock still rated as a housing-authority package.
Auto, WC, crime and EPL incurred $412,100 and stay on the master regardless of RAD or LIHTC. The LP program never replaces them.