Third Party Administration of Liability and Vehicle Physical Damage Claims

Riverside Transit Agency seeks a qualified third‑party administrator to manage its liability and vehicle‑physical‑damage insurance claims for a three‑year base term, with two optional one‑year extensions. The contractor will handle claim intake, investigation, reserving, reporting, litigation coordination, sub‑rogation recovery, and maintain a trust fund, delivering regular performance reports and attending quarterly review meetings. The award will be a firm‑fixed‑price contract; all proposals must be submitted electronically via PlanetBids by the deadline. • Provide end‑to‑end administration of general liability and vehicle damage claims, including claim set‑up, investigations, and settlements. • Manage litigation support, defense counsel coordination, and sub‑rogation recovery efforts, with quarterly reporting and a trust‑fund oversight function. • Deliver monthly/quarterly loss reports, attend four quarterly file‑review meetings per year, and maintain records for audit; optional fee structures for claim‑closure and claim‑transfer at contract end.