HDH News

HDH Group Announces 2010 MRM Trusts Dividends

MRM Workers’ Compensation and Property & Liability Trusts deliver nearly $5 Million in annual dividends to municipal members

PITTSBURGH, PA – April 9, 2010 – The HDH Group, a nationally recognized leader in the risk management and employee benefit insurance intermediary markets and exclusive broker for the Municipal Risk Management (MRM) Workers’ Compensation and Property & Liability Trusts, today announced the 2010 dividends for the MRM Trusts. Together the two trusts returned $4,897,039 in annual dividends to their municipal members this year. Since 1982, they have returned over $67 Million.

“The MRM Trusts enable Pennsylvania municipalities and authorities to pool their resources so they can cost-effectively meet their workers’ compensation and property and liability insurance requirements,” said Matt Mathews, Trust Administrator for Municipal Risk Management. “What makes these Trusts particularly attractive is that they also pay annual dividends that substantially reduce a municipality’s overall insurance program cost. At a time when municipal budgets are being stretched, these savings are critical.”

As the exclusive broker to the MRM Trusts, the HDH Group delivers a wide-range of services to the membership, including loss control, claims handling, exposure analysis and municipal insurance products. According to Timothy Rogers, Township Manager for Shaler Township, “With HDH Group, we get much more than insurance. HDH provides us with outstanding service and expert guidance across a number of areas that are critical to managing our risks and reducing our costs, including participation in both MRM Trusts, which is why we’ve been with HDH for 18 years.”

The MRM Workers’ Compensation and Property & Liability Trusts have over 350 members from more than 40 counties across Pennsylvania. This year the MRM Workers’ Compensation Trust returned $3,880,922 and the Property & Liability Trust returned $1,062,444. The 2010 disbursements were made during the annual meeting of the MRM Trusts held at the Seven Springs Mountain Resort on April 8 and 9, 2010.

The MRM Trusts are endorsed by the Pennsylvania Municipal Authorities Association and Pennsylvania State Association of Township Supervisors, two of the Commonwealth’s leading municipal associations. For more information on HDH Group’s municipal services and the MRM Trusts, contact Jack Onodi of the HDH Group at 412-391-7300, extension 1192.

About Municipal Risk Management
The Municipal Risk Management (MRM) Workers Compensation and Property & Liability Trusts were created to provide safe and credible alternative risk management options to local governments in Pennsylvania. The MRM Trusts are governed by a Board of Trustees, elected by the members. As the MRM Trusts are non-profit organizations, organized pursuant to state statute, the funds of the MRM Trusts belong to the member municipalities and excess funds are returned directly to the members in the form of dividends. Pursuant to IRS mandate, upon dissolution of either Trust, the MRM pool must distribute all remaining funds to the municipal members of the Trust.

The MRM Workers Compensation Pooled Trust has been one of the most successful programs for municipal governments and authorities in Pennsylvania. It is regulated by the Self-Insurance Division of the Bureau of Workers Compensation, which requires the pool to annually file independent actuarial reports and independent audits for dividends and for rate making, all pursuant to Act 44 of 1993 as amended. The newly formed MRM Property & Liability Trust is authorized by the Pennsylvania Intergovernmental Cooperation Act and the Pennsylvania Political Subdivisions Tort Claims Act.

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