2019 LMCIT Dividend: 'It’s in the mail!'

“Enclosed is a check for your share of the $2.5 million dividend being returned to members of the League of Minnesota Cities Insurance Trust property/casualty program for 2019.” That’s the opening
sentence of the information letter that accompanied the 1,208 dividend checks mailed out late last week to Insurance Trust members. 

The letter explains the formula used to determine how the dividend amounts were calculated. And it describes how the amounts are impacted by changing loss patterns, actuarial projections, investment results, legislative and coverage changes. 

Envelope Stuffing

You've got mail, LMC
Insurance Trust P/C members.

About two weeks ago, an email was sent to staff at the League announcing the date and location for stuffing the dividend envelopes. This has become a bit of a ritual, and staff filled the room before the official starting time. I felt lucky to get in. It is extremely well organized to ensure the correct check and information sheets end up together in an envelope and then put into the completed box. The room was amazingly quiet as staff worked through their line of checks going out to member cities and numerous joint powers boards.

Occasionally someone announces they need to leave for a meeting and there is always one or two staff members in the wings to take their spot. The process does not miss a beat. As people complete the line-up of checks, they leave and return to their desks. The whole process takes less than an hour. 

As I look around the room, I know everyone at the table has other work and projects to complete and yet they are here, crammed into a conference room stuffing envelopes. There is a source of pride working for the Trust membership — and this is just one very tangible example of that. 

A shout-out to Sarah Fredricks and Laura Honeck for organizing the process and for directing traffic on “stuffing day.”

Up next: An LMC City Speak podcast on “Mental Health Crises and How Police Respond” with Crystal Police Chief Stephanie Revering

Stay safe,

Rob