City of Rockland receives dividend check for Loss Prevention efforts
ROCKLAND — The City of Rockland has received a $9,501 dividend check from the Maine Municipal Association because of its good performance and loss prevention efforts, according to the City, in a news release. The association manages three self-funded pools for municipal and quasi-public entities in Maine: The Workers Compensation Fund (established in 1978), The Property & Casualty Pool (formed in 1987), and The Unemployment Compensation Fund (formed in 1978). These programs are overseen by governing boards of elected and appointed municipal officials.
This year, more than 83% of program participants received dividends for their effective risk management practices and favorable loss experience. Specifically, the Workers Compensation Fund distributed nearly $725,000 in dividends, while the Property and Casualty Pool paid out almost $600,000. In total, over $1.3 million was returned directly to Maine Municipal Association members.
Since 1997, the association has consistently provided dividends, resulting in over $28 million returned to participating members.
For additional details about the MMA Risk Management Services programs, including online training and other services, you can explore their offerings on their website at www.memun.org.