Boothbay Harbor receives dividend
Municipal officials have announced that the town of Boothbay Harbor has received a $2,608 dividend check from the Maine Municipal Association as a result of its good loss experience and loss prevention programs.
The MMA offers three self-funded pools for municipal and quasi-public entities in Maine: The Workers Compensation Fund, formed in 1978; the Property and Casualty Pool, formed in 1987; and the Unemployment Compensation Fund, formed in 1978.
Each year, governing boards review the programs’ loss experience to determine if dividends may be paid. Patricia Kablitz, director of Risk Management Services for MMA, said that more than 78 percent of program participants received a dividend this year for their good risk management practices and loss experience.
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