CARIBOU — Municipal officials announced last week that the Caribou Utilities District has received a $2,372 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 self-funded pools for municipal and quasi-public entities in Maine: the Workers’ Compensation Fund formed in 1978, the Property and Casualty Pool formed in 1987 and the Unemployment Compensation Fund formed in 1978.
The programs are overseen by governing boards of elected and appointed municipal officials. Each year, the boards 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.
For more information about any of the MMA Risk Management Services visit www.memun.org or call 1 (800) 590-5583.
