The Winter Storm of 2015 has touched all parts of Tennessee. From freezing rain to sleet to snow, we have experienced the worst weather our state has seen in several years. With sub-zero temperatures adding insult to injury, February has not been very much fun. Many public safety resources have been stretched to the max and, as of this writing, 30 Tennessee residents have lost their lives due primarily to accidents or hypothermia as a result of these extreme weather conditions.
Public works employees have been working overtime to keep the roads treated and cleared and repair water line breaks. Electric departments have been laboring around the clock to restore service for thousands of customers. Many other municipal employees have been working hard to keep other essential services going in these difficult conditions. I want to personally thank each of you for your hard work and dedication!
As temperatures return to normal and the snow and ice melt, we would like to invite you to two educational training opportunities. The first is our annual member workshops, which provide a wealth of valuable information on a variety of topics. The second is a seven-week course on Risk Management for Public Entities (RMPE). Successful exam scores will result in RMPE Certification. Information on both of these great opportunities is included below.
As we usually announce in this newsletter, Public Entity Partners Board of Directors held its quarterly meeting this month. During this meeting, the board unanimously voted for the following measures:
· There will be no base rate changes for the upcoming 2015-2016 fund year policies.
· A $2,500,000 dividend was declared for eligible 2015-2016 effective policies.
Distribution of the dividend will be as follows:
o Workers’ Compensation $ 1,167,600
o Liability $ 1,129,200
o Property $ 203,200