Risk Management Awards

  Another service from the Alabama League of Municipalities

Instituting risk management and loss control activities by the members of the Municipal Workers Compensation Fund (MWCF) and the Alabama Municipal Insurance Corporation (AMIC) are considered proactive steps that benefit the member and the MWCF and AMIC insurance  programs as a whole.

Not only are employee, property and liability losses minimized, but  – most importantly – employees and citizens reap the rewards of a safer workplace and community.

In recognition of the efforts and successes of our members, the Board of Directors of the MWCF and AMIC approved the establishment of a Risk Management Award during 2002. It was determined that an award program would be developed based on the loss ratios for the member’s prior year.

For those members of both the MWCF and AMIC programs, the loss ratios would be combined and divided by two to reflect the overall loss ratio. Four levels of awards are being presented to acknowledge the efforts and accomplishments of those members in the areas of Risk Management:

     • ALM President’s Award Top 5% for 5 years

     • Gold Award Loss Ratio below 5%

     • Silver Award Loss Ratio of 5 to 20 %

     • Bronze Award Loss Ratio of 20% to 40%

Awards are mailed to the recipients along with a press release. Recipients of these awards are posted in the Spring Risk Management Solutions newsletter and at the League Convention in May.

Click here to view the recipients of the 2010 Risk Management Awards