Manchester Municipal Risk Management Authority


Member Login




Upcoming Meetings
05.14.19 Technology & Cyber Security Advisory Committee Meeting
05.21.19 Facilities Management Risk Control Advisory Committee Meeting
06.04.19 DPS Advisory Committee Meeting
06.07.19 Parks and Rec Advisory Committee Meeting
06.20.19 Administrative Advisory Committee Meeting
08.15.19 2019 Annual Meeting

Featured Training
04.26.19 Rapid Deployment to Active Shooter
04.29.19 Tactical Encounters for Patrol Officers
05.02.19 Tactical Encounters for Patrol Officers
05.20.19 Public Labor Law and Effective Grievance Processing for Supervisors
05.21.19 Michigan Autism Safety Training (MAST)
05.22.19 Michigan Autism Safety Training (MAST)
05.22.19 Michigan Autism Safety Training (MAST)
05.23.19 Michigan Autism Safety Training (MAST)
05.29.19 Emerging Legal Trends & Liability Management for SWAT & Emergency Response Operations


What's New/Hot Topic From MMRMA to You
Call for Letters of Interest: Events Planning Committee
There is a vacancy on the committee. Deadline for submission of letters is Monday, May 6, 2019.


April 2019
Employee Retention Pays Off; MMRMA Subrogation Efforts Return Real Dollars for Members' Benefit; Anticipating the Unexpected and Navigating Change

Board Announces Distribution to Members

Posted: Monday, February 21, 2011

At its February meeting, the MMRMA Board of Directors approved a $19,660,124 excess net asset distribution for the benefit of the membership. The Board also approved the 2010 Net Asset Policy Report, including the results of the most recent capital adequacy analysis, which determines the necessary net assets needed. This will be our fifth distribution of excess net assets to members. With this distribution, MMRMA has distributed almost $57,000,000 to its renewing members since 2006.

As in prior years, distributions will be provided to current renewing members. Based on the distribution rules adopted by the Board, most members will receive their share of this distribution following their membership renewal. The allocation will once again be based on (1) prior year continuous membership, (2) prior year general fund contributions, and (3) loss experience.

The Board also adopted a plan to allocate an additional $9,830,062 in excess assets for short and intermediate term rate reductions. The impact of this action will vary on a member by member basis taking into consideration changes in exposure, loss experience and other underwriting criteria. The purpose of using a portion of excess net assets for rate reduction is to ensure predictability and stability in contributions for current members and to attract new members.

 




« Return to What's New Page


Michigan Municipal Risk
Management Authority

14001 Merriman Road
Livonia, MI 48154
734.513.0300
800.243.1324

MMRMA has been a leader in municipal risk since 1980 and remains committed to meeting the ever-expanding challenges faced by its membership. MMRMA's risk control services are designed to help its members identify, prevent, and mitigate losses through on-site surveys, training, and other services. MMRMA also provides its members with premier claims and legal services, sound financial management, and essential news on the latest developments in public risk management.


ABOUT MMRMA  |  RISK MANAGEMENT  |  MEETINGS  |  TRAINING  |  RESOURCES  |  SUBSCRIBE  |  MEMBER LOGIN  |  BECOME A MEMBER  |  CONTACT US  |  SITE MAP


site by wedü