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Michigan Municipal League Insurance Boards Announce 2021 Member Dividends

Press Release

Contact:
Matt Bach
Michigan Municipal League
c: (810) 874-1073; mbach@mml.org

FOR IMMEDIATE RELEASE: March 2, 2021

Michigan Municipal League Insurance Boards Announce 2021 Member Dividends

ANN ARBOR, Michigan – Members of the Michigan Municipal League’s insurance programs will share dividends totaling $13.6 million in 2021. This is welcome news for almost a thousand Michigan cities, villages, counties, townships, and other public entities whose finances have been severely affected by the pandemic.

The Workers’ Compensation Fund Board of Trustees has voted to return $12 million in dividends to its member-owners. This follows a total of $48 million in dividends issued over the previous five years, corresponding to about 29 percent of members’ premiums during the same period.

The Liability & Property Pool Board of Directors has authorized dividends that will return $1.6 million to member-owners who renew coverage in 2021. Over the previous five years, the Pool has issued $11 million in dividends, representing about 11 percent of members’ premiums during the same period.

“Even during an extraordinary year, the League’s members continued to demonstrate leadership and focus on preventive measures that improve safety and reduce risks and claims,” said Michael Forster, Director of Risk Management Services. “We thank our members—their efforts enable the insurance programs to return the resulting savings back to their communities in the form of dividends.”

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

For over 100 years, the Michigan Municipal League has sought to represent, inspire, and educate its members through legislative and legal advocacy, redevelopment and civic innovations assistance, grants, insurance and risk management, and the big-picture vision of Community Wealth Building. Elected and appointed officials benefit from trainings in the nuts and bolts of governance, a treasure trove of resources, and a dedicated team of 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:

Chair: Robert Clark
Mayor
City of Monroe

Vice Chair: Dave Post
Manager
Village of Hillman

Thad Beard
Manager
City of Rockford

George Bosanic
Manager
City of Greenville

Dan Gilmartin
Executive Director/CEO
MML

Melissa Johnson
Mayor
City of Chelsea

Sue Osborn
Mayor
City of Fenton

Jean Stegeman
Mayor
City of Menominee

Dan Swallow
Manager
City of Tecumseh

 

MML Workers’ Compensation Fund Trustees:

Chair: Maureen Donker
Mayor
City of Midland

Vice Chair: Adam Smith
Administrator
City of Grand Ledge

Lois Allen-Richardson
Mayor
City of Ypsilanti

Brian Boggs
City Council Member
City of Durand

Marlon Brown
Mayor Pro Tem
City of Mason

Christine Burns
Manager
Village of Spring Lake

Scott Erickson
Manager
City of Ironwood

Dan Gilmartin
Executive Director/CEO
MML

Penny Hill
Assistant Manager
City of Traverse City

Lee Kilbourn
Mayor
City of Auburn

Susan Montenegro
Manager
City of Leslie

Devin Olson
Manager
City of Munising

David Tossava
Mayor
City of Hastings

 

 

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