5.1. SR 09-05-1995 - Laserfiche WebLink

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• Of course, we also have to look at LMCIT's dividend history. In the last five years, LMCIT's property/casualty program has returned $41.5 million to mernber cities. That's equal to 31 % of premiums for that period. Besides these dividends, in 1993 the LMCIT workers compensation program passed a $5.2 million refund from the WCRA through to the mernber cities. After a long court fight, private insurance companies ended up keeping their portion of the WCRA refund, .rather than returning it to the insurance buyers as the legislature had directed. LMCIT Property/Casua~y Premituns and Dividends $30 o $20 ^Premituus ®Dividends $70 $o '90 '91 '92 '93 '94 • In short, we think LMCIT's record in controlling costs is pretty impressive. Of course, that's not to say we can rest on our laurels. We're constantly looking for ways we can reduce expenses by operating more efficiently. LMCIT also puts a lot of emphasis on finding ways to help cities reduce losses as well, though the spring loss control seminars, the Loss Control Quarterly, individual consulting assistance and inspections, and so on. But we realize very well that we can always do better, and we'll continue to try to do so. It's easy to promise a lower cast. It can be quite another thing to deliver. LMCIT has been delivering on its promise for a long time. Can we get better service by going son:eivhere else? __ __ __ This one's pretty easy to answer. If yors have a problem wfth service from LMCIT, whether it's from LMCI7"s own staff or from arty of o~ir contract service providers - we want to hear about it right now. Call Pete Tritz ar Tom Grundhoefer at the League office - 490-5600, or 1-800-925-1122. Or call any of the individual trustees. We can't guarantee that we'll never make a mistake, or that we'll always be able to deliver everything. you need exactly when you need it. But we can guarantee that if you tell us about a problem, we'll be listening and that we will get it fixed just as quickly as we can. • We can't emphasize strongly enough that we want to hear about it when you run into problems. The worst problem is the one we can't fix because you didn't tell us about it.