Union rewarded for good loss experience, prevention
Union — Municipal officials announce that the town of Union has received a $3,267 dividend check from the Maine Municipal Association as a result of its good loss experience and loss prevention programs.
The Maine Municipal Association offers three-self funded pools for municipal and quasi-public entities in Maine: the Workers Compensation Fund formed in 1978, the Property and Casualty Pool formed in 1987 and the Unemployment Compensation Fund formed in 1978.
The programs are overseen by governing boards of elected and appointed municipal officials. Each year the boards review the programs' loss experience to determine if dividends are paid. Patricia Kablitz, director of Risk Management Services for MMA, said in a news release that more than 80 percent of program participants received a dividend this year for their good risk management practices and loss experience.
This year the Workers Compensation Fund has distributed almost $600,000 in dividends to participants and the Property and Casualty Pool has paid dividends of nearly $550,000 for total payments of more than $1.1 million provided directly to MMA members.
Since 1997, the three programs have returned more than $14 million in dividends to participating members. For more information about any of the MMA Risk Management Services programs, including online training programs and other services, check the offerings on their website at memun.org or call 1-800-590-5583.