Minnesota Counties Insurance Trust

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Minnesota Counties Insurance Trust

• 2006 Member Report
• Waseca County

Date May 16, 2006 Presented by Robert Goede,
MCIT Account Executive
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(No Transcript)
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Casualty Reinsurance Premiums
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Property Reinsurance Premiums
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Workers CompensationReinsurance Premiums
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Minnesota Counties Insurance Trust
Financial Strength
Commitment to Maintaining Adequate Fund Balance
Actuarially Derived Rates
Sound Investment Strategies
Effective Risk Management Loss Control
Result of that Commitment
Dividends
Rate Stabilization
Enhanced Coverage
Expanded Services
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MCIT Dividends
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MCIT Rates
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Waseca County

• WASECA COUNTY OVERVIEW
• 1981 Membership Effective Date
• 154 Employees (FT and PT)
• 16,346,856 in Property Coverage
• 1,334,207 Mobile (Hwy) Equipment
• 76 Autos/Trucks/Trailers

• MCIT Overview
• 81 Counties
• 28,400 Employees
• 2.6 Billion in Property Coverage
• 125 Million Mobile (Hwy) Equipment
• 9,200 Autos/Trucks/Trailers
• Over 350 Affiliated Entities

Building, Contents/EDP and Property in the Open
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Contribution/Dividend History

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Property/Casualty Claims
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Workers Compensation Claims
Waseca County WC Experience Modification History
Average 1.00
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Providing Minnesota Counties and Associated
Members Cost-Effective Coverage with
Comprehensive and Quality Risk Management
Services

• Services
• Defensive Driver Training
• Employee Assistance Program
• On-site Loss Control Risk Management Services
• Training Education www.mcit.org
• MN Safety Council Partnership
• Employee Benefits Analysis
• Health Wellness Initiative
• Legislative Concerns

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Thank You for Your

• Continued Partnership

The MCIT Board of Directors And Your MCIT
Service Team