LIMESTONE, Maine — The Maine Municipal Association recently awarded the town of Limestone a $1,520 dividend check for its record of good loss experience and loss prevention programs.
The Maine Municipal Association has paid out more than $23 million in dividends to municipal and quasi-municipal entities since 1997 via their Workers Compensation Fund (formed in 1978) and Property and Casualty Pool (formed in 1987), according to an MMA press release.
Just this year, they paid out $650,000 via the Workers Compensation Fund and $600,000 via the Property and Casualty Pool.
The release cited MMA Risk Management Services Director Michelle Pelletier as saying that “more than 79 percent of program participants received a dividend this year for their good risk management practices and favorable loss experience.”
“I’m proud of our staff for working so hard to improve our protocols and provide such a high level of service to the people of Limestone,” said Limestone Town Manager Elizabeth Dickerson.
Dickerson said the town will use this money as a reduction for the cost of insurance, which will incentivize improvements to safety protocols as it gives the municipality “a little more money in the budget.”
“It’s not a lot,” she said, “but every little bit helps.”
