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Michigan Municipal League

Press Release

Contact:

Matt Bach
Director of Communications
Michigan Municipal League
(734) 669-6317; C: (810) 874-1073
mbach@mml.org; www.mml.org

FOR IMMEDIATE RELEASE: March 2, 2020

Michigan Municipal League Insurance Boards Announce 2020 Member Dividends

 

ANN ARBOR, Michigan – Members of the Michigan Municipal League’s insurance programs—almost a thousand cities, villages, counties, townships, and other public entities—will share dividends totaling over $15.5 million in 2020.

The Workers’ Compensation Fund Board of Trustees has voted to return $14 million in dividends to its member-owners. The Fund has issued $42.6 million in dividends over the previous five years, representing about 27 percent of members’ premiums over the same period.

The Liability & Property Pool Board of Directors has authorized dividends as well, returning $1.575 million in dividends to member-owners who renew coverage in 2020. Over the previous five years, the Pool has issued $11.4 million in dividends, corresponding to about 11 percent of members’ premiums during the same period.

“When members work hard to improve safety and reduce risks and claims through prevention, training, and exemplary leadership, we are able to return the resulting savings back to their communities, including in the form of dividends,” said Michael Forster, the League’s Director of Risk Management Services. “We thank our members for their continued efforts, which are key to the ongoing success of the League and its insurance programs.”

The MML Liability & Property Pool and Workers’ Compensation Fund are nonprofit self-insurance pools owned and governed by their members. The programs maintain rock-solid financial positions and offer stable, cost-effective, and broad coverage options. Expert risk management services are provided by municipal risk specialists with decades of experience.

For over 100 years, the Michigan Municipal League has sought to represent, inspire, and educate its members through state and federal legislative and legal advocacy, policy initiatives, redevelopment and civic innovations assistance, grants, insurance and risk management, annual wage surveys, and a host of other services. Elected and appointed officials benefit from trainings in everything from the nuts and bolts of governance to the big-picture vision of Placemaking. The organization offers a treasure trove of information and resources including handbooks and fact sheets; sample policies, contracts, and ordinances; publications on topical issues; and a dedicated team of helpful member services staff.

For more information, contact Michael Forster, Director, Risk Management Services; 734-669-6340 or mforster@mml.org.

MML Liability & Property Pool Directors:

For additional information, contact the League’s Matt Bach, director of communications, at (810) 874-1073 (cell); (734) 669-6317 (office) and mbach@mml.org.

About the League: Michigan Municipal League is dedicated to making Michigan’s communities better by thoughtfully innovating programs, energetically connecting ideas and people, actively serving members with resources and services, and passionately inspiring positive change for Michigan’s greatest centers of potential: its communities. The 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. Learn more at mml.org.