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Michigan Municipal League Insurance Boards Announce 2022 Member Dividends

Press Release

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

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 mforster@mml.org.

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.

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