Manchester Municipal Risk Management Authority


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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 Approves $19.1 Million Distribution to Members

Posted: Friday, February 22, 2013

** SPECIAL ANNOUNCEMENT **

At its February 21 meeting, MMRMA’s Board of Directors acted to declare a $19,145,625 distribution of excess net assets to current renewing MMRMA members. The Board also approved the 2013 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 seventh distribution of excess net assets to current renewing Individual and State Pool members. With this distribution, MMRMA has distributed over $114,000,000 to its renewing members since 2006. The following table shows a history of these distributions:

Fiscal Year Distribution Total Distributions
2006 $  3,696,996 $    3,696,996
2007 7,573,675 11,270,671
2008 15,766,399 27,037,070
2010 10,260,745 37,297,815
2011 19,660,124 56,957,939
2012 38,644,191 95,602,130
2013 19,145,625 114,747,755

This distribution is the largest component of an over $26,000,000 deployment of excess net assets for the benefit of our membership this year. The other uses of excess net assets include:

  • Rate Relief – In prior years, the Board began to deploy a portion of excess net assets for rate relief. This year, an additional $3,200,000 will be used to lower the rates we use to determine member contributions.
  • Michigan Vehicle Assessments - Net assets are used to pay the Michigan Catastrophic Claims Association (MCCA) vehicle assessment for members. The annual per vehicle assessment increased to $175.00 in July 2012. It is estimated that we will pay more than $2,900,000 in assessments on behalf of the membership this year.
  • Michigan Assigned Claims Plan – Mandatory assessments of $350,000 to the Michigan Assigned Claims Plan will be paid using excess net assets.
  • No Fault Automobile Coverage - Net assets are used to provide members with enhanced no fault automobile coverage. With Michigan having one of the most costly no fault statutes in the nation, this is a significant benefit.
  • Coverage for Volunteers - Net assets are used to underwrite liability coverage for volunteers.
  • Risk Avoidance Program (RAP) Grants - Each year, $750,000 is allocated for direct grants to members for various risk management and loss control programs. RAP Grants are awarded through MMRMA’s Membership Committee.

Once again, this is very good news for members and, based on the distribution rules adopted by the Board, most members will receive their share of this distribution following their membership renewal.

MMRMA’s ability to provide these benefits to its members is a direct reflection of strong performance results over a sustained period of time. Many factors contributed to these favorable results, including better than expected loss trends in recent years, member responsiveness to risk control recommendations, good management practices by members that resulted in fewer losses, and, most importantly, improved investment results through June 30, 2012. However, the most central factor that allows MMRMA to deploy excess net assets is the long-term commitment that members have made to MMRMA. Without your loyalty and ongoing support of this fine organization, these benefits would not be possible. Thank you.




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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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