Michigan Municipal League Insurance Boards Announce 2015 Member Dividends

ANN ARBOR, Mich., Oct. 7 -- Michigan Municipal League issued the following news release:

Hundreds of Michigan communities from throughout the state are expected to share nearly $11 million in dividends for keeping their communities safe for their employees and citizens.

In keeping with the Michigan Municipal League's mission of providing long-term, stable, cost-effective risk management services to our members, the board of directors of the Michigan Municipal League Liability & Property Pool voted to return $2.55 million in equity to members who renew coverage in 2015. This latest distribution follows the $10.5 million returned over the previous four years. In addition, the trustees of the MML Workers' Compensation Fund authorized an equity return of $8.4 million as part of members' July 1, 2015 renewal.

"These dividend payments are a continuing example of the benefit of a member-owned program," said Michael Forster, director of risk management services for the Michigan Municipal League. "The fact that our member communities are getting money back shows they are working diligently to make their communities safe places for their employees and residents."

The Michigan Municipal League Liability & Property Pool and the MML Workers' Compensation Fund are the nonprofit self-insurance programs owned, operated and governed by member communities. Over the long run, they represent the lowest cost insurance alternative for Michigan local governments. Excess contributions--the direct result of the local communities' cooperative work to control losses--are returned to members through dividends, expanded coverage or improved services.

These are programs of member communities. The ability to return ownership equity depends on the efforts of the communities. These latest distributions represent premium dollars that would otherwise be lost to out-of-state or out-of-country commercial insurers. The League thanks the member communities for their continued effort to making sure these programs work best for all.

MML Liability & Property Pool Directors:

Chair: Jason Eppler

Manager

City of Ionia

Vice Chair: Robert Clark

Mayor

City of Monroe

Dan Gilmartin

Executive Director/CEO

MML

Penny Hill

Assistant Manager

City of Traverse City

Sue Osborn

Mayor

City of Fenton

David Post

Manager

Village of Hillman

Adam Smith

Manager

Village of Mackinaw City

Jean Stegeman

Mayor

City of Menominee

Paula Zelenko

Mayor

City of Burton

MML Workers' Compensation Fund Trustees:

Chair: Elva Mills

President

Village of Lexington

Vice Chair: George Bosanic

Manager

City of Greenville

Frank Brock, Jr.

Mayor

City of Lathrup Village

Christine Burns

Manager

Village of Spring Lake

Frank Campbell

Mayor

City of Hastings

Maureen Donker

Mayor

City of Midland

Dan Gilmartin

Executive Director/CEO

MML

Ken Hibl

Manager

City of Clare

Larry Nielsen

Manager

Village of Paw Paw

Dan Reszka

President

Village of Elk Rapids

Amy Roddy

Manager

City of Durand

William Vajda

Manager

City of Marquette

Thomas Winarski

Mayor

City of Gladwin

For more information contact Michael Forster, Director, Risk Management Services

734-669-6340 or [email protected].

About the Liability & Property Pool

The Michigan Municipal League Liability & Property Pool provides comprehensive property, general liability, auto liability, public officials' liability insurance and related services to hundreds of Michigan cities, villages, townships and other public entities. We write more than $18 million in premiums, have more than $50 million in net assets and have returned more than $10 million in dividends to our member/owners over the last 4 years. The Pool has remained a financially strong and stable source of insurance and risk management services since 1982. We offer up to $10 million per occurrence for liability, replacement cost property coverage, and a host of risk management services that are second to none.

About the Workers' Compensation Fund

The Michigan Municipal League Workers' Compensation Fund is the state's leading provider of municipal workers' compensation and risk management services. The Fund has the lowest rates, the best claims service, and the highest historical return of dividends of any insurer in Michigan. The Fund has more than 890 members, $135 million in assets, and more than $66 million in net assets. Efficient administration, effective loss control programs, and proactive claims services have resulted in rates that are on average 50 percent lower than those of our nearest competitor.

[Category: Government/Public Administration]

CC AutoTriage10PkS-141008-30TacordaCheng-4890709 30TacordaCheng