News

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 …

New EAP Materials Now Available

June 27, 2017

Promote Helpful Service to Employees Despite being available for more than 20 years, many MCIT member employees are still unaware that they have access to no-cost, confidential counseling through the Employee Assistance Program (EAP). MCIT provides members a variety of no-charge materials to help them promote this valuable service to their employees. Last month, MCIT …

Request for Proposal: Building Appraisal Services

June 19, 2017

MCIT is seeking proposals for qualified vendors to conduct professional on-sight property appraisals for all scheduled buildings valued in excess of $100,000 for which MCIT provides coverage among its membership. Full details are provided in the MCIT Request for Proposal: Building Appraisal Services. Appraisals will be conducted over the course of three years.   Responses to …

New Risk Management Consultant Joins MCIT

May 02, 2017

Tom Suppes joined MCIT Feb. 28 as a new risk management consultant. He has more than 30 years of experience in risk management and loss control. During the past 18 years, Suppes served as the loss control/risk manager for the City of Brooklyn Park, Minn. In this capacity, he was responsible for the overall planning, …

Good Stewards of Tax Dollars Control Workers’ Compensation Costs

March 10, 2017

Even with a 6.5 percent aggregate reduction in workers’ compensation rates and virtually no change in payroll or staff, one MCIT member saw a $123,000 increase in its 2017 workers’ compensation contribution—a 46 percent jump from the previous year. The reason for this dramatic change is simple: the member’s experience modification factor (mod) increased from …

No-cost, On-site Resilience Training

March 10, 2017

New Program Gives Tips, Techniques for Tough Situations In response to member demand, MCIT is offering no-cost, on-site training in 2017 that builds on the information and skills provided in the “Fostering Resilience” program that debuted in 2014. Sand Creek, MCIT’s Employee Assistance Program provider, has developed two new resilience training modules—one for employees and …

2017 Report to Counties Highlights MCIT’s Sustainability

March 10, 2017

MCIT representatives continue the annual tradition of meeting with each county board in the next few months. The meetings provide an opportunity for valuable discussion between the Trust and members. This year’s presentation focuses on the benefits of membership, recent claim trends, how claims affect rates and reinsurance costs, dividend experience and information regarding MCIT’s …