Manchester Municipal Risk Management Authority


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Upcoming Meetings
09.28.18 Parks and Rec Advisory Committee Meeting
11.02.18 Parks and Rec Advisory Committee Meeting
11.13.18 Technology & Cyber Security Advisory Committee Meeting
12.04.18 DPS Advisory Committee Meeting
12.14.18 Parks and Rec Advisory Committee Meeting

Featured Training
09.25.18 Temporary Traffic Control Training
09.26.18 Emergency Vehicle Operator Refresher Course
09.26.18 Sexual Harassment Active Bystander Training
09.26.18 Sexual Harassment Active Bystander Training
10.03.18 Emergency Vehicle Operator Refresher Course
10.04.18 Rescue Task Force (RTF) Training
10.09.18 Corrections Supervision Training
10.10.18 Emergency Vehicle Operator Refresher Course
10.17.18 Emergency Vehicle Operator Refresher Course
10.17.18 Managing a Mental Health Crisis
10.23.18 Sexual Harassment Active Bystander Training
10.23.18 Sexual Harassment Active Bystander Training
11.02.18 Public Labor Law and Effective Grievance Processing for Supervisors
12.04.18 Rapid Deployment to Active Shooter
01.09.19 Sexual Harassment Active Bystander Training
01.09.19 Sexual Harassment Active Bystander Training


What's New/Hot Topic From MMRMA to You
Senior Counsel Tim Belanger Set to Retire October 1
Tim has been a part of the MMRMA team for 25 years, and we wish him many happy adventures in retirement!


August 2018
Board Chairman on the Value of Member-MMRMA Partnerships; Managing Cyber Security Threats in Public Spaces; Updated Data Breach Coverage for Members Reflects Evolving Risks

June 2018
Upcoming Annual Meeting Emphasizes Balance of Technology, People; Riding Innovation Wave Takes Creativity & Partnerships; MMRMA Tactical Encounters Training Improves Critical Thinking in Law Enforcement Officers

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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