FOR IMMEDIATE RELEASE
October 20, 2011
CONTACT: Matt Bach
Dir. of Communications
Michigan Municipal League
(734) 669-6317 or firstname.lastname@example.org
Michigan Municipal League Boards Announce 2012 Member Dividends
In keeping with our 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 $2.8 million in equity to members who renew coverage in 2012. This latest distribution follows the $3 million return during 2011. In addition, the trustees of the MML Workers’ Compensation Fund authorized two additional equity returns – a special $4.3 million dividend to be distributed by year end, and $7 million as part of the July 1, 2012 renewal.
The Michigan Municipal League Liability & Property Pool and the MML Workers’ Compensation Fund are the non-profit self-insurance programs owned, operated and governed by you and your fellow communities. Over the long run, they represent the lowest cost insurance alternative for Michigan local governments. Excess contributions – the direct result of your cooperative work to control losses - are returned to members through dividends, expanded coverage or improved services.
Remember, these are your programs: the ability to return ownership equity depends on your efforts; these latest distributions represent premium dollars that would otherwise be lost to out of state or out of country commercial insurers. Please tell us how else we can make your insurance programs work for you.
MML Liability & Property
MML Workers’ Compensation
Chair: Richard Mack
Vice Chair: Penny Hill
Manager, City of Iron River
Manager, City of Ionia
Mayor, City of Zeeland
Mayor, City of Kentwood
Manager, City of Rogers City
Michelle Van Wert
Mayor, City of Williamston
Executive Director, MML
Chair: Arthur Shufflebarger
Vice Chair: Geraldine Moen
Manager, City of Greenville
Frank Brock, Jr.
Mayor, City of Lathrup Village
Manager, City of Cedar Springs
Manager, City of Clare
President, Village of Lexington
Manager, Village of Paw Paw
President, Village of Elk Rapids
Manager, City of Durand
Mayor, City of Gladwin
Executive Director, MML
For more information:
Michael Forster, Director, Risk Management Services
734-669-6340 or email@example.com
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. With more than $19 million in annual premiums and more than $49 million in members' surplus, the Pool has remained a financially strong and stable source of insurance and risk management services since 1982. The Pool offers 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 850 members, $135 million in assets and more than $64 million in net member equity. 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.
Fund Administrator: Michael J. Forster, 734-669-6340
Michigan Municipal League advocates on behalf of its member communities in Lansing, Washington D.C., and the courts; provides educational opportunities for elected and appointed municipal officials; and assists municipal leaders in administering services to their communities through League programs and services.