Manchester Municipal Risk Management Authority


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Upcoming Meetings
02.20.19 Fire/EMS Advisory Committee Meeting
03.05.19 DPS Advisory Committee Meeting
03.07.19 2019 Risk Management Workshop
03.14.19 Administrative Advisory Committee Meeting
03.14.19 U.P. Law Enforcement Advisory Committee Meeting
03.26.19 Technology & Cyber Security Advisory Committee Meeting

Featured Training
02.19.19 Inmate Manipulation Training
03.12.19 Freedom of Information Act (FOIA) Workshop
03.12.19 Freedom of Information Act (FOIA) Workshop
04.03.19 Sexual Harassment Active Bystander Training
04.03.19 Sexual Harassment Active Bystander 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
05.29.19 Emerging Legal Trends & Liability Management for SWAT & Emergency Response Operations


What's New/Hot Topic From MMRMA to You
MMRMA Announces $1.5 Million Distribution from State Pool Retention Fund
Board declares distribution based on recommendation from the State Pool Committee.


February 2019
Smart Onboarding and Orientation Practices; MMRMA Updates Five Valuable Risk Control Brochures; Preview of Risk Management Workshop

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.

 




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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.


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