WOOLWICH — The town of Woolwich announced that it has received a $1,188 dividend check from the Maine Municipal Association as a result of its good loss experience and loss prevention programs.
The Maine Municipal Association offers three selffunded pools for municipal and quasi-public entities in Maine: The Workers Compensation Fund formed in 1978, the Property and Casualty Pool fomed in 1987 and the Unemployment Compensation Fund formed in 1978.
The programs are overseen by governing boards of elected and appointed municipal officials who review the programs’ loss experience to determine if dividends may be paid.
Patricia Kablitz, Director of Risk Management Services for MMA, said more than 78 percent of program participants received a dividend this year for their good risk management practices and loss experience.
This year, the Workers Compensation Fund has distributed almost $650,000 in dividends to participants and the Property and Casualty Pool has paid dividends of nearly $550,000.
Since 1997, the two programs have returned over $18.8 million in dividends to participating members.
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