News

2017 Annual Meeting: Members Vote on MCIT JPA, Board Member

October 05, 2017

Planing is in full swing for the 2017 Annual Meeting of the MCIT membership in St. Cloud Dec. 4. Members will have the opportunity to gather to hear about the highlights of the past year, objectives for the coming year and exercise their voice by voting on two key items. Wanting to make the meeting …

MCIT Joint Powers Agreement Proposed Amendments

October 05, 2017

Pursuant to MCIT Bylaws, county members will vote on amending the MCIT Joint Powers Agreement (JPA) during the 2017 Annual Meeting. This culminates a year of review and discussion by the MCIT Board of Directors. Taking the advice MCIT gives its members to review joint powers agreements routinely, the MCIT Board asks members to adopt …

MCIT Presents Open Meeting Law Workshop at AMC Conference

October 05, 2017

Following a competitive process for breakout sessions, MCIT has been selected to present a workshop about the Minnesota Open Meeting Law during the 2017 Association of Minnesota Counties Conference Dec. 5 at the River’s Edge Convention Center in St. Cloud. MCIT invites members to attend the workshop to learn how best to manage risks associated …

MCIT Sponsors AMC Conference Keynote Speaker

October 05, 2017

Letter from the Chair Fellow Members of MCIT: Once again MCIT has the honor of sponsoring the keynote speaker of the Association of Minnesota Counties Annual Conference. This year, the speaker is former Vikings player Matt Birk. In choosing to sponsor a speaker, MCIT considers how the message advances the practice of effective risk management. …

The Buffer Law: New, But Not So Different

August 23, 2017

Minnesota Buffer Law compliance requirements take effect in November. As counties, watershed districts and soil and water conservation districts (SWCDs) have considered their role in complying with the law, questions have arisen regarding how it may affect their organizations, specifically, how MCIT coverage may or may not respond. Provisions of the Buffer Law For counties …

Data Compromise, CyberOne Coverage: Meet Conditions to Ensure Coverage Applies

August 23, 2017

MCIT launched specialized data compromise, CyberOne coverage for cyber-related exposures Jan. 1, 2017. Any incident or suspected incident involving the compromise of data, data breaches or computer attack requires the member’s immediate action, specifically, contacting the MCIT claims team. MCIT claims staff will coordinate a call with the member and Hartford Steam Boiler (HSB)—the cyber …

MCIT Board Announces Reductions in Rates for 2018

August 01, 2017

The MCIT Board looked to the future and decided appropriate rate levels for coverage based on a report from MCIT’s actuary, Mark Doepke of Actuary Advisors, during its July 14 meeting. At the end of the presentation, the board voted to reduce rates for both workers’ compensation and property/liability coverage for 2018. In developing rates, …

MCIT Staffs New Underwriting Manager Position as Part of Reorganization

August 01, 2017

In preparation for MCIT’s assuming underwriting duties from its service provider in 2017, the position of underwriting manager was created. Gary Severson joined MCIT as the underwriting manager June 30. For more than seven years, Severson served MCIT in a similar capacity as program manager for Meadowbrook Insurance Group, MCIT’s primary service provider. As the …

MCIT Announces 2017 Dividend

June 27, 2017

The MCIT Board of Directors is committed to maintaining a financially sound, fully funded program. With the realization of rate reductions during the past two years, coupled with a reduction in investment income, which affects MCIT’s financial position, the board discussed the prospect of declaring a dividend in 2017 with its actuary during its June …

MCIT’s Best Practices Guides Recognized Nationally

June 27, 2017

MCIT is proud to announce that the Trust once again earned the first place award for Outstanding Achievement for Intergovernmental Risk Pool Product and Program from the Public Risk Management Association. This national award was presented to MCIT for its creation of the “Public Works Loss Prevention Best Practices Guide” and “Solid Waste Management Loss …