Contact:
Matt Bach
Michigan Municipal League
c: (810) 874-1073; [email protected]
FOR IMMEDIATE RELEASE: March 31, 2022
Michigan Municipal League Insurance Boards Announce 2022 Member Dividends
ANN ARBOR, Michigan – Members of the Michigan Municipal League’s insurance programs will share dividends totaling $17.45 million in 2022. 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 $15 million in dividends to its member-owners. This follows a total of $55 million in dividends issued over the previous five years, corresponding to about 35% of members’ premiums during the same period.
The Liability & Property Pool Board of Directors has authorized dividends that will return $2.45 million to member-owners who renew coverage in 2022. Over the previous five years, the Pool has issued $10 million in dividends, representing about 10% of members’ premiums during the same period.
“On an ongoing basis, the League’s members demonstrate leadership and a focus on preventive measures that improve safety and reduce risks and claims,” said Michael Forster, Director of Risk Management Services. “These 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 [email protected].
MML Liability & Property Pool Directors:
| Chair: Dave Post Manager Village of Hillman |
George Bosanic Manager City of Greenville |
Sue Osborn Mayor City of Fenton |
| Vice Chair: Jean Stegeman Mayor City of Menominee |
Robert Clark Mayor City of Monroe |
Brenda Stumbo Supervisor Ypsilanti Charter Township |
| Thad Beard Manager City of Rockford |
Dan Gilmartin Executive Director/CEO MML |
Dan Swallow Manager City of Tecumseh |
MML Workers’ Compensation Fund Trustees:
| Chair: Maureen Donker Mayor City of Midland |
Christine Burns Manager Village of Spring Lake |
Lee Kilbourn Mayor City of Auburn |
| Vice Chair: Adam Smith Administrator City of Grand Ledge |
Scott Erickson Manager City of Ironwood |
Susan Montenegro Manager City of Eaton Rapids |
| Lois Allen-Richardson Mayor City of Ypsilanti |
Dan Gilmartin Executive Director/CEO MML |
Devin Olson Manager City of Munising |
| Brian Boggs City Council Member City of Durand |
Penny Hill Assistant Manager City of Traverse City |
David Tossava Mayor City of Hastings |
| Marlon Brown Mayor Pro Tem City of Mason |
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.