Michigan Municipal League Insurance Boards Announce 2017 Member Dividends

ANN ARBOR, Mich., Feb. 2 -- The Michigan Municipal League issued the following news release:

Hundreds of Michigan communities from throughout the state are expected to share nearly $10.5 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 $2.2 million in equity to members who renew coverage in 2017. This latest distribution follows the $15.5 million returned over the previous six years. In addition, the trustees of the MML Workers' Compensation Fund authorized an equity return of $8.2 million as part of members' July 1, 2017 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: Robert Clark

Mayor

City of Monroe

Vice Chair: Dave Post

Manager

Village of Hillman

Jason Eppler

Manager

City of Ionia

Dan Gilmartin

Executive Director

MML

Ken Hibl

Manager

City of Clare

Penny Hill

Assistant Manager

City of Traverse City

Sue Osborn

Mayor

City of Fenton

Jean Stegeman

Mayor

City of Menominee

Paula Zelenko

Mayor

City of Burton

MML Workers' Compensation Fund Trustees:

Chair: Frank Brock, Jr.

Mayor

City of Lathrup Village

Vice Chair: Christine Burns

Manager

Village of Spring Lake

George Bosanic

Manager

City of Greenville

Maureen Donker

Mayor

City of Midland

Deborah Doyle

Mayor

City of Durand

Scott Erickson

Manager

City of Ironwood

Dan Gilmartin

Executive Director

MML

Larry Nielsen

Manager

Village of Paw Paw

Phil O'Dwyer

Mayor

City of Berkley

Adam Smith

Administrator

City of Grand Ledge

[Category: Government/Public Administration]

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